Franklin Templeton Outlines September to November Fund Dividends

Franklin Templeton Fund Adviser Announces Distribution Details

Recently, Franklin Templeton Fund Adviser, LLC shared important news regarding its closed-end funds, as they have declared distributions in line with their managed distribution policy for the upcoming months.

Distribution Schedule Overview

This announcement outlines a clear distribution schedule relevant to each month and includes essential dates for investors.

Essential Dates for Distribution

The distribution schedule for the coming months is as follows:

• September: Record Date - 9/23/2024, Ex-Dividend Date - 9/23/2024, Payable Date - 9/30/2024.
• October: Record Date - 10/24/2024, Ex-Dividend Date - 10/24/2024, Payable Date - 10/31/2024.
• November: Record Date - 11/21/2024, Ex-Dividend Date - 11/21/2024, Payable Date - 11/29/2024.

Overview of Participating Funds

In addition to the distribution dates, each fund that is part of this declaration has specific information related to its distribution amounts. This includes details that shareholders need to stay informed about.

Distribution Amounts and Changes

For instance, the Western Asset Inflation-Linked Income Fund (WIA) has announced a distribution amount of $0.05000 for September, October, and November. Furthermore, the Western Asset Inflation-Linked Opportunities Fund (WIW) is maintaining a consistent distribution amount of $0.06050 during those months as well.

Understanding Managed Distribution Policy

The managed distribution policy aims to provide shareholders with a steady distribution level, derived from the income and capital gains generated by the fund's investment portfolio. If there is insufficient income within a given month, the funds will distribute long-term capital gains or return capital to maintain the distribution rate. This is essential for shareholders to understand, as a return of capital does not indicate a fund's performance.

Implications of Capital Returns

It is vital for fund shareholders to be aware that returns of capital may occur, meaning some of the investment made in the fund could be returned to shareholders. This should not be mistaken for yield or income, as it merely reflects the movement of capital, not necessarily of performance. Should there be a need for changes, the Board of Trustees has the authority to modify or suspend this distribution policy, which could impact market prices.

Distribution Sources and Reporting

Each fund's estimated source of distributions will be provided to shareholders through separate notices once payments are executed. Fund distributions do not illustrate a fund's investment performance; they are subject to fluctuations resulting from several factors including investment experiences and tax regulations.

Tax Reporting Considerations

For tax purposes, shareholders will receive a Form 1099-DIV from each fund, detailing how to report distributions for federal income tax obligations. Each fund’s cumulative fiscal year-to-date distribution sources will also be reported based on their tax records, which consider any currency fluctuations.

Final Notes for Investors

Franklin Templeton Fund Adviser, LLC operates as an indirect, wholly-owned subsidiary of Franklin Resources, Inc. To learn more about these funds and their performance, shareholders are encouraged to reach out or visit their dedicated website. Available audited financial statements are provided at no additional cost upon request.

Investment shares are traded on the New York Stock Exchange, where prices can fluctuate due to market conditions, increasing the risks and potential returns on investment. All investment products carry inherent risks, and it is important for potential investors to evaluate them carefully.

Frequently Asked Questions

What is the managed distribution policy of Franklin Templeton Funds?

The managed distribution policy aims to maintain consistent distribution levels derived from income and capital gains of the funds while utilizing long-term capital gains or return of capital when necessary.

When will the distributions for the funds be paid?

Distributions will be paid according to the following schedule: September (9/30/2024), October (10/31/2024), and November (11/29/2024).

What are the distribution amounts for the funds involved?

The Western Asset Inflation-Linked Income Fund and Western Asset Inflation-Linked Opportunities Fund have distribution amounts of $0.05000 and $0.06050, respectively, for the months outlined.

How will the shareholders be notified about changes in distributions?

Shareholders will receive separate notices detailing any changes to the distribution when payments are executed.

What should shareholders understand about returns of capital?

Returns of capital indicate that a portion of the investment is being returned to the shareholders and should not be confused with returns from investment performance or yield.

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