Franklin Universal Trust announces distribution sources on September 27, 2024
- The fund's estimated distribution per share for September 30, 2024, is $0.0425, with allocations including net investment income and return of capital.
- As of August 31, 2024, the fund has distributed more than its income and realized capital gains, indicating a return of capital may be included in the distribution.
- Shareholders are advised that the reported amounts are estimates and will receive a Form 1099-DIV for tax reporting purposes.
On September 27, 2024, Franklin Universal Trust announced the estimated sources of its upcoming distribution scheduled for September 30, 2024. The distribution per share is estimated at $0.0425, with allocations including net investment income, short-term capital gains, long-term capital gains, and a return of capital. As of August 31, 2024, the cumulative estimated allocations for the fiscal year indicate that the fund has distributed more than its income and net realized capital gains, suggesting that a portion of the distribution may be a return of capital. This return of capital does not reflect the fund's investment performance and should not be confused with yield or income. The fund's performance metrics show an annualized distribution rate of 6.21% and a cumulative total return of 19.18% for the fiscal period ending August 31, 2024. Shareholders are advised that the amounts reported are estimates and may change based on the fund's investment experience and tax regulations. A Form 1099-DIV will be sent to shareholders for tax reporting purposes, detailing how to report the distributions for federal income tax. Franklin Templeton, the organization behind the fund, has a long history in investment management, with over $1.6 trillion in assets under management as of the end of August 2024.