Franklin Limited Duration Income Trust Stock Price, News & Analysis

Franklin Duration Income Trust (NYSE American: FTF) has announced its distribution sources for September 2024 and fiscal year 2024 to date. The Fund's September monthly distribution of $0.0615 per share consists of 71% net investment income, 4% net realized short-term capital gains, and 25% return of capital. For the fiscal year-to-date, the cumulative distribution of $0.4920 per share comprises 64% net investment income, 4% net realized short-term capital gains, and 32% return of capital.

The Fund has experienced a cumulative loss of $1.6354 per share in undistributed net realized and unrealized capital gains and losses, with $0.4783 per share representing unrealized depreciation of portfolio securities. FTF's average annual total return over the past 5 years is 2.97%, with a current annualized distribution rate of 10.39%. The Fund operates under a managed distribution plan, aiming to provide consistent monthly distributions and narrow the discount between market price and NAV.

Franklin Duration Income Trust (NYSE American: FTF) has announced an update to its Portfolio Management Team, effective September 30, 2024. The new team responsible for the day-to-day oversight of the Fund will consist of Glenn Voyles, Justin Ma, Patrick Klein, and Jon Belk. Sonal Desai will no longer serve as a portfolio manager for the Fund but will continue her role as Chief Investment Officer of Franklin Templeton Fixed Income and manage other Franklin Templeton strategies.

Franklin Resources, Inc., the parent company, is a global investment management organization operating as Franklin Templeton. With over 75 years of investment experience and more than $1.6 trillion in assets under management as of August 31, 2024, the company offers specialized investment management expertise across fixed income, equity, alternatives, and multi-asset solutions.

Franklin Duration Income Trust (NYSE American: FTF) has announced a monthly distribution of $0.0615 per share, payable on September 30, 2024, to shareholders of record on September 19, 2024. This distribution is part of a managed distribution plan authorized by the Fund's Board of Trustees, aiming to provide consistent monthly distributions and narrow the discount between market price and net asset value (NAV) of the Fund's common shares.

The Fund's goal is to generate as much of the distribution as possible from net ordinary income and short-term capital gains. If insufficient distributable income is available, the Fund may distribute long-term capital gains or return capital. The Board may amend or terminate the Plan, which could affect the market price of the Fund's common shares. Shareholders are advised not to draw conclusions about the Fund's investment performance from the distribution amount or Plan terms.

Franklin Duration Income Trust (NYSE American: FTF) has announced its distribution sources for August 2024 and the fiscal year 2024 to date. The Fund's August monthly distribution of $0.0615 per share comprises 69% from net investment income and 31% from return of capital. Fiscal year-to-date, the cumulative distribution of $0.4305 per share includes 63% from net investment income, 4% from net realized short-term capital gains, and 33% from return of capital.

The Fund's performance metrics as of July 31, 2024, show an average annual total return of 2.78% over five years, an annualized distribution rate of 10.41%, and a cumulative total return of 4.89% for the fiscal period. FTF operates under a managed distribution plan, aiming to provide consistent monthly distributions and narrow the discount between market price and NAV.

Franklin Duration Income Trust (NYSE American: FTF) has announced a monthly distribution of $0.0615 per share, payable on August 30, 2024, to shareholders of record on August 19, 2024. The Fund's Board has authorized a managed distribution plan to provide consistent monthly distributions and potentially narrow the discount between market price and NAV of common shares.

The Fund aims to generate distributions from net ordinary income and short-term capital gains, but may also distribute long-term capital gains or return capital to maintain its rate. The Board may amend or terminate the Plan, which could affect the Fund's market price. Shareholders are advised not to draw conclusions about investment performance from distribution amounts or Plan terms.

Franklin Duration Income Trust (NYSE American: FTF) has announced its distribution sources for July 31, 2024, and fiscal year 2024 to date. The Fund's July distribution of $0.0615 per share comprises 67% net investment income and 33% return of capital. For the fiscal year-to-date, the $0.3690 per share distribution includes 63% net investment income, 5% net realized short-term capital gains, and 32% return of capital.

The Fund's 5-year average annual total return is 2.62%, with a current annualized distribution rate of 10.45%. The Board has authorized a managed distribution plan at a fixed rate of $0.0615 per share monthly, aiming to narrow the discount between market price and NAV. However, the Fund estimates it has distributed more than its income and net realized capital gains, resulting in a portion being a return of capital.

Franklin Duration Income Trust (NYSE American: FTF) has announced a monthly distribution of $0.0615 per share, payable on July 31, 2024, to shareholders of record on July 18, 2024. The Fund's Board has approved a managed distribution plan aimed at providing consistent monthly distributions and narrowing the discount between market price and NAV. The distributions will primarily come from net ordinary income and short-term capital gains, though long-term capital gains or return of capital may be used if necessary. The Board may amend or terminate the Plan at any time, which could impact the market price of the Fund's shares. Shareholders will receive a Form 1099-DIV for tax reporting purposes. The Fund is managed by Franklin Templeton, a global investment firm with over $1.6 trillion in assets under management as of May 31, 2024.

Franklin Duration Income Trust (FTF) announced the estimated sources of its distributions for June 28, 2024, and for the fiscal year-to-date. For June, the distribution per share is $0.0615, with 77% from net investment income and 23% from return of capital. Year-to-date, the distribution per share is $0.3075, with 60% from net investment income, 5% from short-term capital gains, and 35% from return of capital. The Fund emphasizes that these distributions should not be confused with investment performance. The Board has authorized a managed distribution plan aimed at providing consistent monthly distributions and narrowing the discount between market price and NAV. The plan, which may be amended or terminated without notice, will be reviewed periodically. As of May 31, 2024, Franklin Templeton, managing over $1.6 trillion in assets, oversees the Fund.

The Franklin Duration Income Trust (FTF) announced a monthly distribution from net investment income of $0.0615 per share, payable on June 28, 2024, to shareholders of record on June 18, 2024.

The Fund has a managed distribution plan aiming to provide consistent monthly distributions and narrow the discount between market price and NAV. If there is insufficient distributable income, the Fund will distribute long-term capital gains or return of capital. The Board may amend or terminate the Plan at any time, which could negatively affect the market price. Shareholders should not infer investment performance from distribution amounts.