SAN MATEO, CA--(Marketwire - Mar 18, 2013) - Franklin Templeton Limited Duration Income Trust (NYSE MKT: FTF), a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.073 per share, payable April 15, 2013, to shareholders of record on March 28, 2013 (Ex-Dividend Date: March 26, 2013).
The March dividend distribution amount for the Fund is a reduction from the prior month's dividend distribution of $0.083. The adjustment reflects a decline in the Fund's current earnings, due primarily to the decline in realizable yields offered in both the floating rate bank loan and high yield corporate sectors since the Fund's last dividend adjustment in August 2010.
You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. All investments involve risks, including possible loss of principal. Interest rate movements and mortgage prepayments will affect the Fund's share price and yield. Bond prices generally move in the opposite direction of interest rates. As the prices of bonds in a fund adjust to a rise in interest rates, the fund's share price may decline. Investments in lower-rated bonds include higher risk of default and loss of principal. The Fund is actively managed but there is no guarantee that the manager's investment decisions will produce the desired results. For portfolio management discussions, including information regarding the Fund's investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.
Franklin Advisers, Inc. is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over $813 billion in assets under management as of February 28, 2013. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.