Franklin Universal

Franklin Universal Trust is a closed-end investment trust. It invests in debt, equity, precious metals, and natural resources securities. Its investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. The company was founded on September 23, 1988 and is headquartered in San Mateo, CA.

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Universal Trust [NYSE: FT] today announced a monthly distribution from net investment income of $0.0425 per share, payable on December 31, 2024, to shareholders of record on December 16, 2024 (Ex-Dividend Date: December 16, 2024). The Fund's primary investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. Distributi.

Franklin Universal Trust (“FT” or the “Fund”) Announces Distribution

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Universal Trust [NYSE: FT]: 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 November 29, 2024 and for the fiscal year 2024 year-to-date are as follows: Estimated Allocations for November Monthly Distribution as of October 31, 2024: Distribution Per Share Net Investment Income Net Realized Short-Term Capital Gains Net Realized Long-T.

Franklin Universal Trust (“FT” or the “Fund”) Announces Notification of Sources of Distributions

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Universal Trust [NYSE: FT] today announced a Portfolio Management Team update. Effective September 30, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows: Glenn Voyles Jon Belk Tricia O'Connor Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund. The Fund's shares are traded on.

Franklin Universal Trust (“FT” or the “Fund”) Announces Portfolio Management Team Update

Franklin Universal Trust is a closed-end fund with the approach of investing in a high-yield bond and utility equity portfolio. The fund trades at a deep discount, but it isn't necessarily looking like a bargain based on historical levels. The fund pays a monthly distribution, with 70% net investment income coverage, thanks to its higher fixed-income sleeve, but that means it will still require some capital gains.

FT: Deep Discount Doesn't Always Mean Bargain

IRVINE, Calif.--(BUSINESS WIRE)--Stella Zhang, COO of American Lending Center, delivered the commencement address Monday, June 17, for the Paul Merage School of Business masters graduates at the University of California, Irvine. Zhang is an alumna of the FEMBA program, receiving her degree in 2005. She urged the 2024 graduates to continue a life of learning as they go forward in the business world, while cultivating responsibility and gratitude – the guiding stars of her life. “As business scho.

Stella Zhang, COO of American Lending Center, Delivers Inspiring Commencement Speech to UCI Business School Graduates

IRVINE, Calif.--(BUSINESS WIRE)--American Lending Center, a private non-bank lending institution nationally recognized for both small business lending and operation of the EB-5 immigration and investment program, is celebrating its 15th anniversary this week. John Shen co-founded American Lending Center (ALC) in 2009 in Long Beach. “We started with three employees in a small office in Long Beach,” Shen recalled at a celebration Friday, May 31. “Today we have 60 employees on the payroll. When we.

American Lending Center Celebrates 15 Years Of Growth

IRVINE, Calif.--(BUSINESS WIRE)--An AI-enhanced system that watches over truck drivers and warns them when they are drowsy or distracted – without violating their privacy – took the top prize at the Stella Zhang New Venture Competition Grand Finale at the UCI Paul Merage School of Business. The Sentinel team took home the $20,000 grand prize in addition to $10,000 for winning the Business Products and Services category in the 20th annual New Venture Competition – the third with Stella Zhang as.

System Improves Trucker Safety, Wins Stella Zhang New Venture Competition Grand Prize at UCI

Franklin Universal Trust offers income-focused investors the opportunity to receive high income without sacrificing potential capital gains. The FT closed-end fund's current yield of 7.49% beats the S&P 500 Index and Dow Jones Industrial Average. Performance over the past three years has been disappointing, but including distributions, shareholders realized an 8.94% total return.

FT: Underappreciated CEF Well Positioned For Net Zero And The Provision Of Income

DALLAS--(BUSINESS WIRE)---- $FT #DigitalHealth--Lightbeam Health Solutions, the leader in population health enablement technology and solutions, has been recognized on the list of The Americas' Fastest Growing Companies in 2024. This prestigious award is presented by the Financial Times and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on April 4th, 2024, and can be viewed on the FT.com website. The Americas' Fastest Growing Companies 2024 ranking iden.

Lightbeam Health Solutions Recognized as One of the Americas' Fastest Growing Companies in 2024 by the Financial Times

Franklin Universal Trust provides exposure to high-yield bonds and utilities, then offers an attractive distribution yield for investors. FT utilizes borrowings based on a fixed-rate, which recently matured and needed to be refinanced higher, though distribution coverage still remains relatively strong. The fund is currently trading at a deep discount but, on a relative basis, is only mildly attractive.

Franklin Universal Trust: Utilities And High Yield Under One CEF Roof

FT is a fixed income closed end fund that seeks to provide high current income while also targeting capital preservation. The fund has a 60/40 fixed income/utilities equities allocation, which provides for an embedded hedge via the defensive nature of the utilities sleeve. The fund has a fully supported dividend yield, and its historical NAV performance attests to its capital preservation mandate.

FT: 7.5% Yielding CEF With An Embedded Hedge

FT: Solid Combo Of Junk Bonds And Utilities

IRVINE, Calif.--( BUSINESS WIRE )--Sunstone Management today announced that it has named Zhen Wang, a longtime expert in fintech, startups, and financial services, to the position of Founder Community Manager. Wang, a resident of Arcadia, began his duties in November.

Sunstone Management Names Zhen Wang as Founder Community Manager

IRVINE, Calif.--( BUSINESS WIRE )--Sunstone Management announced that it is the Innovation Sponsor at Born in California, a two-day invitation-only startup demo day hosted by the University of California, Irvine (UCI). The event, which features 40 startups representing all ten University of California campuses, will allow the founders developing projects in the life science, digital health, consumer, technology, and sustainability sectors to show demos as well as pitch investors, all in one place.

University of California System Hosting 2nd Annual “Born in California®” Demo Day

Since 1988, FT has provided investors with a steady monthly distribution while minimizing risk to capital losses. The fund's annual yield is currently 6.5% and has provided an 8% total return at market price since inception.

Franklin Universal Trust: Put Your Trust In This Fund And Grow Your Income

Tortoise Energy Independence Fund, Inc.

Neuberger Berman MLP Income Fund, Inc.

Salient Midstream & MLP Fund

Tortoise Energy Infrastructure

Reaves Utility Income Fund

For the first month in three, equity CEFs on average witnessed positive returns, rising 1.91% on an NAV basis for March.

The Month In Closed-End Funds: March 2022

ASA Gold and Precious Metals Ltd

Duff & Phelps Global Utility Income Fund Inc

MFS Special Value Trust

Adams Natural Resources Fund Inc

Brookfield Real Assets Income Fund

RiverNorth Capital and Income Fund

Cushing MLP & Infrastructure Total Return Fund

Cushing Renaissance Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

For the eleventh month in 12, equity CEFs on average witnessed plus-side returns, rising 3.48% on a NAV basis for October. While for the second consecutive month fixed income CEFs posted returns in the red (-0.14%).

The Month In Closed-End Funds: October 2021

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Universal Trust [NYSE: FT], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0425 per share, payable October 15, 2021, to shareholders of record on September 30, 2021 (Ex-Dividend Date: September 29, 2021). Distributions may vary based on the Fund's net investment income. Past distributions are not indicative of future trends. You may request a copy of the Fund's current Report to Shareholders b

Franklin Universal Trust Declares Monthly Distribution

FT's discount still remains wide for a hybrid utilities/bond fund. It may be an attractive choice for the relatively conservative investor.

A Pocket Of Value Left In Franklin Universal Trust: -12.5% Discount, 4.9% Annual Yield, Monthly Pay

John Hancock Financial Opportunities Fund

ClearBridge Energy MLP Fund Inc

China Fund

ClearBridge Energy MLP Opportunity Fund Inc

GGM Macro Alignment ETF

KKR Income Opportunities Fund

RENN Fund

For the second consecutive month, equity CEFs on average posted negative returns, declining 0.41% on a NAV basis for October. While for the seventh month in a row, fixed income CEFs witnessed returns in the black (+0.03%).

The Month In Closed-End Funds: October 2020

BNY Mellon High Yield Strategies Fund 

Franklin Templeton Emerging Markets Fund

BlackRock Corporate High Yield Fund

Neuberger Berman High Yield Strategies Fund Inc

Franklin Templeton Dragon Fund

Taiwan Fund

Invesco High Income Trust II

For the fourth month in a row, equity CEFs on average posted positive returns, rising 3.42% on a NAV basis for July.

The Month In Closed-End Funds: July 2020

FT: Stick With CEFs For Multi-Sector Exposure

SAN MATEO, Calif., Nov.  19, 2019  (GLOBE NEWSWIRE) -- Franklin Universal Trust [NYSE:FT], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0320 per share, payable December 13, 2019, to shareholders of record on November 29, 2019 (Ex-Dividend Date: November 27, 2019).

News for Franklin Universal ETF (FT)