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Franklin Limited Duration Income Trust
FTFFinancial ServicesAMEXUS
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SAN MATEO, Calif.--(BUSINESS WIRE)--The 19(a) monthly distribution notices for Franklin Limited Duration Income Trust (NYSE: FTF) are now available. These informational notices provide further details on the sources of the funds' monthly distributions and follow the most recent distribution announcement. The table below provides an estimate of the sources of the Fund's current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of co.
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton announced today that certain closed-end funds have declared distributions pursuant to their managed distribution policy for the next three months.
SAN MATEO, Calif.--(BUSINESS WIRE)--The 19(a) monthly distribution notices for Franklin Limited Duration Income Trust (NYSE: FTF) are now available. These informational notices provide further details on the sources of the funds' monthly distributions and follow the most recent distribution announcement. The table below provides an estimate of the sources of the Fund's current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of co.
Franklin Limited Duration Income Trust (FTF) offers a 12%+ yield and trades at an -8.3% discount, appealing to income-focused investors, but we have some cautions. FTF's distribution coverage has deteriorated, with net investment income covering only ~77% of payouts, raising concerns about long term sustainability. Limited duration and floating-rate exposure position FTF defensively amid uncertain Fed policy, with inflation expectations rising.
