Franklin Templeton Announces Upcoming Fund Distributions
Franklin Templeton Fund Adviser Updates Closed-End Funds
Franklin Templeton Fund Adviser, LLC has exciting news regarding its closed-end funds. The firm recently announced a schedule for upcoming distributions that will benefit shareholders in the months ahead. This comprehensive announcement aims to provide clarity and insight into the distribution timeline.
Upcoming Distribution Schedule
The distribution timeline set forth by the fund adviser includes key dates that all shareholders should mark. Each month features a record date, ex-dividend date, and payable date that are critical for understanding the cash flow from these investments.
Distribution Dates Overview
Here's a breakdown of the upcoming distribution dates:
- September: Record Date - 9/23/2024, Ex-Dividend Date - 9/23/2024, Payable Date - 10/1/2024.
- October: Record Date - 10/24/2024, Ex-Dividend Date - 10/24/2024, Payable Date - 11/1/2024.
- November: Record Date - 11/21/2024, Ex-Dividend Date - 11/21/2024, Payable Date - 12/2/2024.
Breakdown of Fund Distributions
Shareholders can be interested in how much each fund will distribute. Here’s a summary of some planned distributions:
Fund Information
Here are a couple of examples from the fund distribution plans:
- Western Asset Investment Grade Income Fund Inc. (Ticker: PAI): September distribution is set at $0.05150, with the same amount for October and November distributions.
- Western Asset Premier Bond Fund (Ticker: WEA): The distribution amounts to $0.07000 for September, October, and November as well.
Understanding Distribution Notices
It’s important for shareholders to know that these announcements are pivotal not only for cash flow planning but also for tax purposes. Although nothing here serves as tax reporting, shareholders will receive a Form 1099-DIV in early 2025 detailing distribution characterizations necessary for filing taxes related to these amounts.
Company Background
Franklin Templeton Fund Adviser, LLC stands as a significant player in investment management, operating as a wholly-owned subsidiary of Franklin Resources, Inc. This connection ensures that their funds are backed by the expertise and established reputation of a leading financial institutions.
If you're seeking more information about the closed-end funds, don’t hesitate to reach out at 1-888-777-0102 or visit their website for detailed insights and updates on the financial statements available for review.
Frequently Asked Questions
What are the distribution amounts for September 2024?
The distribution amount for September 2024 for Western Asset Investment Grade Income Fund Inc. is $0.05150.
When will the ex-dividend dates occur?
The ex-dividend dates for the upcoming months are as follows: September 23, 2024; October 24, 2024; and November 21, 2024.
How can I contact Franklin Templeton for more information?
You can contact Franklin Templeton Fund Adviser, LLC at 1-888-777-0102 for further information.
What type of funds does Franklin Templeton manage?
Franklin Templeton manages various closed-end funds, offering diverse investment opportunities.
Will I receive tax forms for these distributions?
Yes, shareholders will receive a Form 1099-DIV in early 2025 to report these distributions for tax purposes.
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