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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

Franklin Universal Trust (“FT” or the “Fund”) Announces Notification of Sources of Distributions

January 13, 2022 GMT

SAN MATEO, Calif.--(BUSINESS WIRE)--Jan 13, 2022--

Franklin Universal Trust [NYSE: FT]:

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 January 14, 2022 and for the fiscal year 2022 year-to-date are as follows:

Estimated Allocations for Monthly Distribution as of December 31, 2021:

Distribution

Per Share

 

Net Investment

Income

 

Net Realized

Short-Term Capital

Gains

 

Net Realized

Long-Term Capital Gains

 

Return of Capital

$0.0817

 

$0.0311 (38%)

 

$0.0506 (62%)

 

$0.00 (0%)

 

$0.0000 (0%)

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Cumulative Estimated Allocations fiscal year-to-date through November 30, 2021, for the fiscal year ending August 31, 2022:

Distribution

Per Share

 

Net Investment

Income

 

Net Realized

Short-Term Capital

Gains

 

Net Realized

Long-Term Capital

Gains

 

Return of Capital

$0.1275

 

$0.1226 (96%)

 

$0.0049 (4%)

 

$0.00 (0%)

 

$0.0000 (0%)

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 Fund’s Distribution Policy. 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 11/30/2021) 1

Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 11/30/2021) 2

Cumulative Total Return (in relation to the change in NAV for the fiscal period through 11/30/2021) 3

Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 11/30/2021) 4

7.68%

11.44%

-2.51%

1.49%

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Fund Performance and Distribution Rate Information:

The Fund’s primary investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. Distributions may vary based on the Fund’s net investment income. Past distributions are not indicative of future trends.

For further information on Franklin Universal Trust, please visit our web site at: www.franklintempleton.com

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 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 brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and over $1.5 trillion in assets under management as of December 31, 2021. For more information, please visit franklintempleton.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220113005681/en/

Franklin Templeton at 1-800-342-5236 

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES PROFESSIONAL SERVICES FINANCE

SOURCE: Franklin Universal Trust

Copyright Business Wire 2022.

PUB: 01/13/2022 11:35 AM/DISC: 01/13/2022 11:36 AM

http://www.businesswire.com/news/home/20220113005681/en