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, Inc. (NYSE: TDF) announced a distribution of $3.1975 per share from long-term capital gains, payable on December 31, 2020. Shareholders of record must hold shares by December 15, 2020, with an ex-dividend date of December 14, 2020.
This distribution is part of the fund's effort to provide returns to its investors, reflecting its financial performance and commitment to shareholder value.