Franklin Universal Trust Updates: Sources of November 2024 Distributions Revealed

Franklin Universal Trust Updates: Sources of November 2024 Distributions Revealed

November 27, 2024 Catherine Williams - Chief Editor Entertainment

Franklin Universal Trust (FT) Notification of Sources of Distributions

Franklin Universal Trust [NYSE: FT] has announced details regarding its upcoming distribution.

Key Information:

  • Date of Distribution: November 29, 2024
  • Estimated Distribution Per Share: $0.0425

Estimated Distribution Breakdown for November:

  • Net Investment Income: $0.0180 (42%)
  • Net Realized Short-Term Capital Gains: $0.00 (0%)
  • Net Realized Long-Term Capital Gains: $0.00 (0%)
  • Return of Capital: $0.0245 (58%)

Cumulative Estimated Allocations for the Fiscal Year (as of October 31, 2024):

  • Distribution Per Share: $0.0850
  • Net Investment Income: $0.0440 (52%)
  • Net Realized Short-Term Capital Gains: $0.00 (0%)
  • Net Realized Long-Term Capital Gains: $0.00 (0%)
  • Return of Capital: $0.0410 (48%)

Important Notes:

Shareholders should not assume that the distribution amount reflects the Fund’s investment performance. The Fund has distributed more than its income and net realized capital gains, so some of the distribution may be a return of capital. This return of capital means that some of the money invested may be returned to shareholders. The amounts are estimates and will not serve as tax reporting figures. Actual amounts will depend on the Fund’s performance and applicable tax laws. Shareholders will receive Form 1099-DIV for tax reporting.

Fund Performance Information:

  • Average Annual Total Return (5-Year Period as of 10/31/2024): 5.46%
  • Annualized Distribution Rate (as of 10/31/2024): 6.14%
  • Cumulative Total Return (to 10/31/2024): 2.25%
  • Cumulative Fiscal Year-To-Date Distribution Rate (as of 10/31/2024): 1.02%

The primary objective of the Fund is to provide current income while preserving capital, with growth through dividend increases and capital appreciation.

For more information on Franklin Universal Trust, visit: Franklin Templeton.

Contact Information:

For inquiries, call Franklin Templeton at 1-800-342-5236.

View the full announcement at Business Wire.