Franklin Universal Trust Notification of Sources of Distributions
Overview
SAN MATEO, Calif.–(BUSINESS WIRE)–Franklin Universal Trust [NYSE: FT] has released a notification of sources of distributions pursuant to Section 19(a) of the Investment Company Act of 1940. The Fund’s estimated sources of the distribution to be paid on September 30, 2024, and for the fiscal year 2024 year-to-date have been provided.
Estimated Allocations for September Monthly Distribution
The estimated allocations for the September monthly distribution as of August 31, 2024 are as follows:
Distribution Per Share
The distribution per share will be disclosed in the upcoming payment on September 30, 2024.
Net Investment Income
The fund’s net investment income will contribute to the distribution amount.
Net Realized Short-Term Capital Gains
Net realized short-term capital gains will also factor into the distribution to shareholders.
Net Realized Long-Term Capital Gains
Net realized long-term capital gains are expected to play a role in the distribution for the fiscal year 2024.
Impact on Shareholders
For shareholders of Franklin Universal Trust, the notification of sources of distributions provides transparency into the sources of their payments. Understanding where the distribution is coming from can help investors make informed decisions about their investments and potentially plan for future income streams.
Impact on the World
While the notification of sources of distributions may seem like a minor announcement in the financial world, it reflects a broader trend of transparency and accountability in the investment industry. By disclosing the sources of their distributions, Franklin Universal Trust is setting a standard for other investment companies to follow, promoting trust and confidence among investors worldwide.
Conclusion
In conclusion, the notification of sources of distributions from Franklin Universal Trust serves as a valuable tool for shareholders and a positive example of transparency in the investment industry. By understanding where their distributions are coming from, investors can make more informed decisions and feel confident in the integrity of their investments.