Managed Distribution Policy in Place

  • Franklin Templeton Fund Adviser, LLC announces distributions for certain closed-end funds
  • Managed distribution policy in place for September, October, and November 2024
  • Distribution schedule provided with record, ex-dividend, and payable dates
  • Funds seek to maintain consistent distribution levels from income and capital gains
  • Return of capital may be distributed if insufficient income is available
  • Board of Directors can modify or suspend policy at any time
  • Estimated sources of distributions provided for tax purposes

Franklin Templeton Fund Adviser, LLC has announced distributions for certain closed-end funds pursuant to their managed distribution policy for September, October, and November 2024. The company aims to maintain consistent distribution levels from income and capital gains. If insufficient distributable income is available, it may distribute return of capital. The Board of Directors can modify or suspend the policy at any time. Estimated sources of distributions will be provided for tax purposes.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about the distribution schedule for certain closed-end funds, their estimated sources of distributions, and a brief explanation of managed distribution policies. It also includes relevant details about tax reporting and risks associated with investing in closed-end funds.
Noise Level: 8
Noise Justification: The article is mostly focused on providing specific financial information about closed-end funds and their distribution policies without offering any analysis or context for a broader audience. It lacks relevance to the general public and does not provide actionable insights or new knowledge that can be applied by readers.
Public Companies: Franklin Resources, Inc. (BEN)
Private Companies: Franklin Templeton Fund Adviser, LLC,Legg Mason Partners Fund Advisor, LLC
Key People:

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Financial Relevance: Yes
Financial Markets Impacted: Closed end funds
Financial Rating Justification: The article discusses the declaration of distributions by certain closed end funds and their managed distribution policy, which can impact the market price of the funds’ shares. It also mentions that the board of directors may modify, terminate or suspend the policy, which could have an adverse effect on the market price of the Funds’ shares.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.businesswire.com