Franklin Templeton Limited Duration Income Trust Declares Monthly Dividend

SAN MATEO, CA -- (Marketwire) -- 12/20/12 -- Franklin Templeton Limited Duration Income Trust (NYSE MKT: FTF), a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.083 per share, payable January 15, 2013, to shareholders of record on December 31, 2012 (Ex-Dividend Date: December 27, 2012).

Based on the Fund's net asset value (NAV) of $14.22 at the close of the market on December 19, 2012, the Fund's monthly dividend represents an annualized yield at NAV of 7.00%. At the Fund's market price of $14.31 at the close of the NYSE MKT on December 19, 2012, the Fund's monthly dividend represents an annualized market yield of 6.96%.

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, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $768 billion in assets under management as of November 30, 2012. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.