Franklin Universal Trust Declares Monthly Share Distribution
Franklin Universal Trust Announces Monthly Distribution
Franklin Universal Trust [NYSE: FT] has declared a monthly distribution of $0.0425 per share, aimed at shareholders who are on record. This distribution is derived from net investment income and is set to be paid in the near future.
Investment Objectives of the Fund
The primary investment goal of Franklin Universal Trust is to deliver high current income while ensuring the preservation of capital. The secondary objective focuses on the growth of income through an increase in dividends and capital appreciation over time.
Understanding Distribution Variances
It's essential to note that the distributions might fluctuate depending on the fund's net investment income. Therefore, past distribution amounts should not serve as reliable indicators of future distributions.
Guidance on Performance Interpretation
Shareholders are advised to refrain from forming conclusions regarding the Fund’s investment performance based solely on the current distribution amount. The figures shared about distributions are primarily estimates and not intended for tax reporting purposes.
Tax Reporting and Documentation
The exact amounts and sources for tax reporting will rely on the Fund’s investment performance during its fiscal year and are subject to changes based on applicable tax regulations. Shareholders can expect to receive a Form 1099-DIV for the calendar year, detailing how to document the Fund’s distributions for federal tax reporting.
Company Overview
Franklin Resources, Inc., the parent company of Franklin Universal Trust, stands as a global leader in investment management. Operating as Franklin Templeton, it caters to clients across more than 150 countries. The mission of Franklin Templeton is to empower clients to achieve superior investment outcomes through its comprehensive range of investment management expertise, wealth management, and innovative technology solutions.
Global Investment Expertise
This organization boasts a remarkable team of over 1,500 seasoned investment professionals, equipped with extensive capabilities in various asset classes, such as fixed income, equity, alternatives, and multi-asset solutions. With a legacy of more than 75 years in the industry, Franklin Templeton manages over $1.6 trillion in assets as of late November last year.
Frequently Asked Questions
What is the amount of the distribution declared by Franklin Universal Trust?
The declared distribution is $0.0425 per share.
When will the distribution be paid to shareholders?
The distribution is scheduled to be paid in January 2025 to shareholders who hold the shares as of the record date.
What are the primary investment objectives of the Fund?
The primary objective is to provide high current income while preserving capital, with a secondary goal of increasing income through dividends.
Are past distributions indicative of future distributions?
No, past distributions do not guarantee similar future distributions, as they can vary based on investment income.
What kind of company is Franklin Resources, Inc.?
Franklin Resources, Inc. is a global investment management company with operations and clients around the world, focusing on achieving better investment outcomes for its clients.
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