Templeton Dragon Fund - TDF STOCK NEWS

Templeton Dragon Fund (NYSE: TDF) has announced a total distribution of $0.1155 per share, payable on August 30, 2024, to shareholders of record on August 19, 2024. This distribution consists entirely of net investment income, with no short-term or long-term capital gains. The ex-dividend date is set for August 19, 2024.

Franklin Resources, Inc., TDF's parent company, is a global investment management organization operating as Franklin Templeton. With over 75 years of experience, the company manages over $1.6 trillion in assets as of June 30, 2024. Franklin Templeton offers a wide range of investment solutions through its specialist managers, serving clients in more than 150 countries worldwide.

Templeton Dragon Fund (TDF) Announces Final Results of Issuer Tender Offer

Templeton Dragon Fund (TDF) Announces Preliminary Results of Issuer Tender Offer

Templeton Dragon Fund (TDF) has announced an issuer tender offer to purchase up to 25% of its common shares, representing 8,451,035 shares. The offer will expire on December 20, 2023, with shares purchased at 98% of the Fund’s net asset value. The Fund will sell portfolio instruments to raise cash for the purchase, potentially holding a greater than normal percentage of its net assets in cash and cash equivalents during the tender offer. Shareholders are advised to read the offer to purchase, as it contains important information.

Templeton Dragon Fund, Inc. (NYSE: TDF) announced an issuer tender offer to purchase up to 25% of its common shares for cash at a price per share equal to 98% of the Fund’s net asset value. The offer will commence on November 21, 2023, and purchases will be made at a price per share equal to 98% of the Fund’s net asset value (NAV) per share. The Fund will purchase a number of shares equal to the offer amount on a pro-rated basis if more shares are tendered than the authorized amount. The commencement of the tender offer is pursuant to an agreement between the Fund and City of London Investment Management Company Limited. Shareholders are advised to read the offer to purchase when it is available, as it contains important information.

Templeton Dragon Fund, Inc. (NYSE: TDF) has announced a reduction in management fees, effective May 1, 2023, as approved by its board on March 27, 2023. This strategic move is projected to enhance shareholder value. The new fee structure includes an annualized rate of 1.10% for net assets up to $1 billion, dropping to 1.00% for assets over $2 billion. Previously, fees were as high as 1.25% for the same asset tier. The fee reductions are expected to improve net returns for investors, aligning interests between the fund and its shareholders.

Templeton Dragon Fund (NYSE: TDF) announced a total distribution of $1.3014 per share, which includes $0.0033 in short-term capital gains and $1.2981 in long-term capital gains. This distribution is payable on August 31, 2022 to shareholders of record as of August 15, 2022. The Ex-Dividend Date is set for August 12, 2022. Franklin Resources, Inc. (NYSE: BEN), the parent company of Templeton Dragon Fund, reported approximately $1.4 trillion in assets under management as of June 30, 2022.

Templeton Dragon Fund, Inc. (NYSE: TDF) has announced a total distribution of $2.4022 per share, which comprises $0.9258 from short-term capital gains and $1.4764 from long-term capital gains. Shareholders of record will receive this distribution on September 20, 2021, with an ex-dividend date of September 2, 2021.

Franklin Resources, Inc. (NYSE: BEN), the parent company of Templeton Dragon Fund, operates globally with over $1.5 trillion in assets under management and aims to enhance client outcomes through diverse investment management solutions.