Welcome to our dedicated page for Templeton Dragon Fund news (Ticker: TDF), a resource for investors and traders seeking the latest updates and insights on Templeton Dragon Fund stock.
Templeton Dragon Fund, Inc. (NYSE: TDF) is a closed-end management investment company focused on long-term capital appreciation through investments in equity securities of China companies. The TDF news page brings together official announcements and updates that explain how the fund’s policies, distributions, and Board decisions affect shareholders.
Much of the fund’s recent news centers on its Managed Distribution Plan, under which TDF makes quarterly distributions at a fixed rate of $0.10 per share. Press releases detail each declared distribution, the record and payment dates, and the estimated sources of those payments among net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital. The fund also issues Section 19(a) notifications that clarify when a portion of distributions may represent a return of capital and emphasize that such distributions do not necessarily reflect investment performance.
Another key news theme is the fund’s efforts to address the discount between its market price and net asset value (NAV). Board initiatives reported in the news include a reduction in the investment management fee paid to Templeton Asset Management Ltd., authorization of the Managed Distribution Plan, and approval of an open-market share repurchase program allowing the fund to buy back up to 10% of its common shares. These items are explained with context on how they may influence the discount and shareholder experience.
News items also cover portfolio management developments, such as the addition of an Assistant Portfolio Manager dedicated to China equity portfolios to the fund’s portfolio management team. Investors who follow TDF news can track distribution declarations, changes in fee structures, discount-management actions, and updates on the team responsible for implementing the fund’s China-focused equity strategy.
Templeton Dragon Fund (TDF) has announced three key initiatives aimed at reducing the fund's discount to net asset value (NAV) and benefiting shareholders:
1. A five-basis point management fee reduction effective March 1, 2025
2. Implementation of a managed distribution plan offering quarterly distributions of $0.10 per share (3.8% NAV-based and 4.6% market price-based annualized distribution as of January 31, 2025)
3. Introduction of an open-market share repurchase program allowing the fund to purchase up to 10% of common shares to reduce market price discount to NAV
The first quarterly distribution under the managed plan is expected around March 31, 2025. The repurchase program will be executed at management's discretion based on factors including discount level, performance, market conditions, and cash availability.
Templeton Dragon Fund (NYSE: TDF) has announced a total distribution of $0.1155 per share, payable on August 30, 2024, to shareholders of record on August 19, 2024. This distribution consists entirely of net investment income, with no short-term or long-term capital gains. The ex-dividend date is set for August 19, 2024.
Franklin Resources, Inc., TDF's parent company, is a global investment management organization operating as Franklin Templeton. With over 75 years of experience, the company manages over $1.6 trillion in assets as of June 30, 2024. Franklin Templeton offers a wide range of investment solutions through its specialist managers, serving clients in more than 150 countries worldwide.
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Templeton Dragon Fund, Inc. (NYSE: TDF) has announced a reduction in management fees, effective
Templeton Dragon Fund (NYSE: TDF) announced a total distribution of $1.3014 per share, which includes $0.0033 in short-term capital gains and $1.2981 in long-term capital gains. This distribution is payable on August 31, 2022 to shareholders of record as of August 15, 2022. The Ex-Dividend Date is set for August 12, 2022. Franklin Resources, Inc. (NYSE: BEN), the parent company of Templeton Dragon Fund, reported approximately $1.4 trillion in assets under management as of June 30, 2022.
Templeton Dragon Fund, Inc. (NYSE: TDF) has announced a total distribution of $2.4022 per share, which comprises $0.9258 from short-term capital gains and $1.4764 from long-term capital gains. Shareholders of record will receive this distribution on September 20, 2021, with an ex-dividend date of September 2, 2021.
Franklin Resources, Inc. (NYSE: BEN), the parent company of Templeton Dragon Fund, operates globally with over $1.5 trillion in assets under management and aims to enhance client outcomes through diverse investment management solutions.