Franklin Universal Trust Announces Monthly Distribution for October 2023

Franklin Universal Trust (NYSE:FT) has recently declared a monthly distribution of $0.0425 per share from net investment income. The distribution is payable on October 31, 2023, to shareholders of record on October 16, 2023, with the ex-dividend date set for October 13, 2023.

The primary objective of Franklin Universal Trust is to provide high, current income while preserving capital. Additionally, the fund aims to achieve income growth through dividend increases and capital appreciation. It’s important to note that distributions may vary based on the fund’s net investment income, and past distributions should not be used as an indicator of future trends.

Shareholders are advised not to draw conclusions about the fund’s investment performance solely based on the current distribution or the terms of the distribution policy. The reported amounts and sources of distributions are estimates and are not intended for tax reporting purposes. The actual amounts and sources for tax reporting will depend on the fund’s investment experience for the remainder of the fiscal year and may be subject to changes based on tax regulations. Shareholders will receive a Form 1099-DIV for the calendar year, which will provide instructions on how to report the fund’s distributions for federal income tax purposes.

Franklin Universal Trust is part of Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton. With a mission to help clients achieve better outcomes through investment management expertise, wealth management, and technology solutions, Franklin Templeton serves clients in over 150 countries. The company offers specialization on a global scale through its specialist investment managers, providing extensive capabilities in fixed income, equity, alternatives, and multi-asset solutions. With a strong presence in major financial markets worldwide, Franklin Templeton has over 75 years of investment experience and manages over $1.4 trillion in assets as of August 31, 2023.

For more information about Franklin Universal Trust and Franklin Templeton, please visit their website at www.franklintempleton.com.

Source: [Business Wire](https://www.businesswire.com/news/home/20231006380575/en/)