Templeton Dragon Fund, Inc. (“TDF”) Announces Distribution
Templeton Dragon Fund (NYSE: TDF) has declared a quarterly distribution of $0.10 per share, payable on March 31, 2025, to shareholders of record on March 17, 2025. The Fund's Board has implemented a Managed Distribution Plan that establishes fixed quarterly distributions at $0.10 per share.
The Plan aims to provide consistent quarterly distributions from ordinary income and short-term capital gains while attempting to reduce the discount between market price and NAV. If sufficient distributable income is unavailable, the Fund may distribute long-term capital gains or return capital to maintain the distribution rate. The Board retains the right to amend or terminate the Plan, which could affect the Fund's share market price.
Templeton Dragon Fund (NYSE: TDF) ha dichiarato una distribuzione trimestrale di 0,10 $ per azione, pagabile il 31 marzo 2025, agli azionisti registrati il 17 marzo 2025. Il Consiglio del Fondo ha implementato un Piano di Distribuzione Gestita che stabilisce distribuzioni trimestrali fisse di 0,10 $ per azione.
Il Piano mira a fornire distribuzioni trimestrali costanti da reddito ordinario e guadagni in conto capitale a breve termine, cercando nel contempo di ridurre lo sconto tra il prezzo di mercato e il NAV. Se non è disponibile un reddito distribuibile sufficiente, il Fondo può distribuire guadagni in conto capitale a lungo termine o restituire capitale per mantenere il tasso di distribuzione. Il Consiglio si riserva il diritto di modificare o terminare il Piano, il che potrebbe influire sul prezzo di mercato delle azioni del Fondo.
Templeton Dragon Fund (NYSE: TDF) ha declarado una distribución trimestral de 0,10 $ por acción, pagadera el 31 de marzo de 2025, a los accionistas registrados el 17 de marzo de 2025. La Junta del Fondo ha implementado un Plan de Distribución Administrada que establece distribuciones trimestrales fijas de 0,10 $ por acción.
El Plan tiene como objetivo proporcionar distribuciones trimestrales consistentes a partir de ingresos ordinarios y ganancias de capital a corto plazo, mientras intenta reducir el descuento entre el precio de mercado y el NAV. Si no hay ingresos distribuibles suficientes, el Fondo puede distribuir ganancias de capital a largo plazo o devolver capital para mantener la tasa de distribución. La Junta se reserva el derecho de modificar o terminar el Plan, lo que podría afectar el precio de mercado de las acciones del Fondo.
템플턴 드래곤 펀드 (NYSE: TDF)는 주당 0.10 달러의 분기 배당금을 2025년 3월 31일에 지급하기로 선언했으며, 2025년 3월 17일 기준 주주에게 지급됩니다. 이 기금의 이사회는 관리 배당 계획을 시행하여 주당 0.10 달러의 고정 분기 배당금을 설정했습니다.
이 계획은 일반 소득과 단기 자본 이득에서 일관된 분기 배당금을 제공하는 것을 목표로 하며, 시장 가격과 NAV 간의 할인율을 줄이기 위해 노력합니다. 배당 가능한 소득이 충분하지 않은 경우, 기금은 배당률을 유지하기 위해 장기 자본 이득을 배분하거나 자본을 반환할 수 있습니다. 이사회는 계획을 수정하거나 종료할 권리를 보유하고 있으며, 이는 기금의 주식 시장 가격에 영향을 미칠 수 있습니다.
Templeton Dragon Fund (NYSE: TDF) a déclaré une distribution trimestrielle de 0,10 $ par action, payable le 31 mars 2025, aux actionnaires enregistrés le 17 mars 2025. Le Conseil du Fonds a mis en place un Plan de Distribution Géré qui établit des distributions trimestrielles fixes de 0,10 $ par action.
Le Plan vise à fournir des distributions trimestrielles cohérentes provenant de revenus ordinaires et de gains en capital à court terme tout en essayant de réduire l'écart entre le prix du marché et le NAV. Si des revenus distribuables suffisants ne sont pas disponibles, le Fonds peut distribuer des gains en capital à long terme ou restituer du capital pour maintenir le taux de distribution. Le Conseil se réserve le droit de modifier ou de mettre fin au Plan, ce qui pourrait affecter le prix de marché des actions du Fonds.
Templeton Dragon Fund (NYSE: TDF) hat eine vierteljährliche Ausschüttung von 0,10 $ pro Aktie erklärt, die am 31. März 2025 an die am 17. März 2025 registrierten Aktionäre ausgezahlt wird. Der Vorstand des Fonds hat einen Verwalteten Ausschüttungsplan implementiert, der feste vierteljährliche Ausschüttungen von 0,10 $ pro Aktie festlegt.
Der Plan zielt darauf ab, konsistente vierteljährliche Ausschüttungen aus ordentlichen Einkünften und kurzfristigen Kapitalgewinnen bereitzustellen, während er versucht, den Abschlag zwischen Marktpreis und NAV zu reduzieren. Wenn nicht genügend ausschüttbare Einkünfte verfügbar sind, kann der Fonds langfristige Kapitalgewinne ausschütten oder Kapital zurückgeben, um den Ausschüttungssatz aufrechtzuerhalten. Der Vorstand behält sich das Recht vor, den Plan zu ändern oder zu beenden, was den Marktpreis der Fondsanteile beeinflussen könnte.
- Fixed quarterly distribution policy provides predictable income stream
- Plan aims to reduce NAV discount
- Franklin Templeton's strong global presence with $1.58T AUM
- Distributions may include return of capital, not just earnings
- Plan can be terminated without prior notice
- Capital loss carryovers may offset current gains
Insights
Templeton Dragon Fund's announcement of a
The distribution structure allows for flexibility in sourcing these payments from ordinary income, capital gains, or even return of capital when necessary. This means shareholders receive consistent distributions regardless of short-term portfolio performance fluctuations. However, investors should note that returns of capital effectively represent a return of their original investment rather than actual investment gains, which has different tax implications.
With a current market cap of
The parent company's substantial
The Fund’s Board of Trustees (the “Board”) has authorized a Managed Distribution Plan (the “Plan”), under which the Fund will make quarterly distributions to shareholders at a fixed rate of
In the event that sufficient distributable income is not available on a quarterly basis, the Fund will distribute long-term capital gains and/or return of capital to maintain its managed distribution rate. A return of capital may occur when some or all of the invested capital is paid back to shareholders. It is important to note that a return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” Even if the Fund realizes capital gains in the current year, such gains may be offset, in whole or in part, by the Fund’s capital loss carryovers from prior years.
The Board may amend the terms of the Plan or terminate the Plan at any time without prior notice to the Fund’s shareholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s common shares. The Plan will be subject to periodic review by the Board, including a yearly review of the fixed rate to determine if an adjustment should be made.
Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution or from the terms of the Plan. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund’s distributions for federal income tax purposes.
For further information on Templeton Emerging Markets Income Fund, please visit our web site at: www.franklintempleton.com
Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the
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For more information, please contact Franklin Templeton at 1-800-342-5236
Source: Franklin Templeton
FAQ
What is the latest dividend amount announced by Templeton Dragon Fund (TDF)?
When is the ex-dividend date for TDF's latest distribution?
What is the purpose of TDF's new Managed Distribution Plan?
How might TDF maintain its $0.10 distribution if income is insufficient?
