Templeton Dragon Fund, Inc. (“TDF”) Announces Notification of Sources of Distributions
Templeton Dragon Fund (TDF) has announced its quarterly distribution plan, with the next distribution scheduled for March 31, 2025. The Fund's Board has authorized a Managed Distribution Plan that will provide quarterly distributions at a fixed rate of $0.10 per share.
The Plan aims to provide consistent quarterly distributions from ordinary income and short-term capital gains, while attempting to narrow the discount between market price and NAV. TDF has indicated it has distributed more than its income and net realized capital gains, suggesting a portion of distributions may represent a return of capital.
Franklin Templeton, TDF's parent company, manages $1.58 trillion in assets as of February 28, 2025, operating globally with over 1,500 investment professionals and 75 years of investment experience.
Il Templeton Dragon Fund (TDF) ha annunciato il suo piano di distribuzione trimestrale, con la prossima distribuzione prevista per il 31 marzo 2025. Il Consiglio del Fondo ha autorizzato un Piano di Distribuzione Gestita che fornirà distribuzioni trimestrali a una tariffa fissa 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 di ridurre il disguido tra il prezzo di mercato e il NAV. TDF ha indicato di aver distribuito più del suo reddito e dei guadagni in conto capitale netti realizzati, suggerendo che una parte delle distribuzioni potrebbe rappresentare un ritorno di capitale.
Franklin Templeton, la società madre di TDF, gestisce $1,58 trilioni in attività a partire dal 28 febbraio 2025, operando a livello globale con oltre 1.500 professionisti degli investimenti e 75 anni di esperienza nel settore.
El Templeton Dragon Fund (TDF) ha anunciado su plan de distribución trimestral, con la próxima distribución programada para el 31 de marzo de 2025. La Junta del Fondo ha autorizado un Plan de Distribución Administrada que proporcionará distribuciones trimestrales a una tasa fija de $0.10 por acción.
El Plan tiene como objetivo proporcionar distribuciones trimestrales consistentes de ingresos ordinarios y ganancias de capital a corto plazo, mientras intenta reducir el descuento entre el precio de mercado y el NAV. TDF ha indicado que ha distribuido más de sus ingresos y ganancias de capital netas realizadas, lo que sugiere que una parte de las distribuciones puede representar un retorno de capital.
Franklin Templeton, la empresa matriz de TDF, gestiona $1.58 billones en activos a partir del 28 de febrero de 2025, operando a nivel mundial con más de 1,500 profesionales de inversiones y 75 años de experiencia en inversiones.
템플턴 드래곤 펀드 (TDF)는 분기 배당 계획을 발표했으며, 다음 배당금 지급은 2025년 3월 31일로 예정되어 있습니다. 펀드 이사회는 주당 $0.10의 고정 비율로 분기 배당금을 제공하는 관리 배당 계획을 승인했습니다.
이 계획은 일반 소득과 단기 자본 이익에서 일관된 분기 배당금을 제공하는 것을 목표로 하며, 시장 가격과 NAV 간의 할인폭을 줄이기 위해 노력하고 있습니다. TDF는 자산과 순 실현 자본 이익보다 더 많은 배당금을 지급했다고 밝혔으며, 이는 배당금의 일부가 자본 반환을 나타낼 수 있음을 시사합니다.
TDF의 모회사인 프랭클린 템플턴은 2025년 2월 28일 기준으로 1.58조 달러의 자산을 관리하고 있으며, 1,500명 이상의 투자 전문가와 75년의 투자 경험을 바탕으로 전 세계에서 운영되고 있습니다.
Le Templeton Dragon Fund (TDF) a annoncé son plan de distribution trimestrielle, avec la prochaine distribution prévue pour le 31 mars 2025. Le Conseil du Fonds a autorisé un Plan de Distribution Géré qui fournira des distributions trimestrielles à un taux fixe 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 la valeur liquidative (NAV). TDF a indiqué avoir distribué plus que ses revenus et ses gains en capital nets réalisés, ce qui suggère qu'une partie des distributions pourrait représenter un retour de capital.
Franklin Templeton, la société mère de TDF, gère 1,58 trillion de dollars d'actifs à partir du 28 février 2025, opérant à l'échelle mondiale avec plus de 1 500 professionnels de l'investissement et 75 ans d'expérience dans le domaine.
Der Templeton Dragon Fund (TDF) hat seinen vierteljährlichen Ausschüttungsplan bekannt gegeben, wobei die nächste Ausschüttung für den 31. März 2025 geplant ist. Der Vorstand des Fonds hat einen Verwalteten Ausschüttungsplan genehmigt, der vierteljährliche Ausschüttungen zu einem festen Satz von 0,10 USD pro Aktie vorsieht.
Der Plan zielt darauf ab, konsistente vierteljährliche Ausschüttungen aus ordentlichen Einkünften und kurzfristigen Kapitalgewinnen bereitzustellen, während er versucht, den Unterschied zwischen Marktpreis und NAV zu verringern. TDF hat angegeben, dass es mehr als seine Einkünfte und netto realisierte Kapitalgewinne ausgeschüttet hat, was darauf hindeutet, dass ein Teil der Ausschüttungen eine Rückzahlung von Kapital darstellen könnte.
Franklin Templeton, das Mutterunternehmen von TDF, verwaltet bis zum 28. Februar 2025 Vermögenswerte in Höhe von 1,58 Billionen USD und ist weltweit mit über 1.500 Anlageexperten und 75 Jahren Anlageerfahrung tätig.
- Fixed quarterly distribution of $0.10 per share provides predictable income for shareholders
- Plan aims to narrow discount between market price and NAV
- Fund is distributing more than its income and realized capital gains
- Portion of distribution represents return of capital, indicating possible unsustainable payout
Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940 |
The Fund’s estimated sources of the distribution to be paid on March 31, 2025, and for the fiscal year 2024 year-to-date are as follows:
Estimated Allocations for March Quarterly Distribution:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
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Cumulative Estimated Allocations fiscal year-to-date as of December 31, 2024, and for the fiscal year ending December 31, 2024:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
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Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Plan. TDF estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the TDF distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect TDF’s investment performance and should not be confused with ‘yield’ or ‘income’. 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.
Average Annual Total Return (in relation to the change in net asset value (NAV) for the 5-year period ended on 2/28/2025)1 |
Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 2/28/2025)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 2/28/2025)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 2/28/2025)4 |
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Fund Performance and Distribution Rate Information:
- Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through February 28, 2025. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
- The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through February 28, 2025.
- Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2024 through February 28, 2025, assuming reinvestment of distributions paid.
- The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period December 31, 2023 through December 31, 2024, as a percentage of the Fund’s NAV as of February 28, 2025.
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.
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
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