Franklin Limited Duration Income Trust (FTF or the Fund) announces a Dividend Source Notice by Investing.com

SAN MATEO, Calif.–(BUSINESS WIRE)–Franklin Income Fund Limited (NYSE:FTF):

The Fund’s estimated sources for the distribution scheduled to be disbursed on December 31, 2024 and for the fiscal year 2024 to date are as follows:

Estimated monthly distribution allocations for December through November 30, 2024:

Estimated cumulative fiscal year-to-date allocations as of November 30, 2024 for the fiscal year ending December 31, 2024:

Shareholders should not draw any conclusions about the Fund's investment performance from the current distribution amount or from the terms of the Fund's plan. The FTF estimates that it distributed more than its income and net realized capital gains; Therefore, part of the FTF's distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money a shareholder has invested in the fund is repaid to them. The capital distribution return does not necessarily reflect the investment performance of the FTF and should not be confused with “yield” or “income.” The amounts and sources of distributions stated herein are estimates only and are not provided for tax reporting purposes. The actual amounts and sources of amounts for tax reporting purposes will depend on the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send Form 1099-DIV to shareholders for the calendar year which will describe how the Fund's distributions will be reported for federal income tax purposes.

Fund performance information and distribution rate:

1. The average annual total return in relation to NAV represents the compound average of the Fund's total annual NAV returns for the five-year period ending November 30, 2024. The annual total NAV return is the percentage change in the Fund's NAV over the course of a year , assuming reinvestment of dividends paid.
2. The annual distribution rate is the current fiscal period's distribution rate annually as a percentage of the Fund's net asset value through November 30, 2024.
3. Cumulative total return is the percentage change in the fund's net asset value from December 31, 2023 through November 30, 2024, assuming reinvestment of distributions paid.
4. The fiscal year-to-date cumulative distribution rate is the dollar value of distributions for the fiscal period (December 31, 2023 through November 30, 2024), as a percentage of the Fund's net asset value as of November 30, 2024.

The Fund's Board of Trustees (the Board) has approved a managed distribution plan (the Plan) under which the Fund will make monthly distributions to shareholders at a fixed rate of $0.0615 per share. The Plan is intended to provide shareholders with consistent distributions each month and is intended to narrow the discount between the market price and the net asset value (NAV) of the Fund's common shares, but there can be no assurance that the Plan will be successful in doing so. The Fund is managed with the objective of generating the largest possible distribution of net ordinary income and short-term capital gains, consistent with the Fund's investment strategy and risk profile. To the extent there is not sufficient distributable income available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain the managed distribution rate. A return of capital may occur, for example, when some or all of the money invested in the fund is repaid to shareholders. The capital distribution return does not necessarily reflect the investment performance of the Fund and should not be confused with yield or income. Although the Fund may realize capital gains for the current year, such gains may be offset, in whole or in part, by the carryover of the Fund's capital losses from prior years.

The Board of Directors may amend the terms of the Plan or terminate the Plan at any time without prior notice to Fund shareholders. Modification or termination of the Plan may have an adverse effect on the market price of the Fund's common shares. The Plan will be subject to periodic review by the Board of Directors, including an annual review of the fixed rate to determine whether an amendment should be made.

For more information about Franklin Limited Duration Income Trust, please visit our website at: www.franklintempleton.com

Franklin Resources (NYSE:, Inc.) is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in more than 150 countries. Franklin Templeton's mission is to help clients achieve better results through investment management, wealth management expertise and technology solutions. Through its dedicated investment managers, the firm offers specialization on a global scale, providing broad capabilities in fixed income, equities, alternatives and multi-asset solutions. With more than 1,500 investment professionals and offices in major financial markets around the world, the California-based firm has more than 75 years of investment experience and more than $1.6 trillion in assets under management as of November 30, 2024. For more information, please visit Website: franklintempleton.com.

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For more information, please contact Franklin Templeton at 1-800-342-5236.

Source: Franklin Templeton