SAN MATEO, CA--(Marketwired - Dec 20, 2016) - Franklin Limited Duration Income Trust (NYSE MKT: FTF), a closed-end investment
company managed by Franklin Advisers, Inc., announced today a dividend of $0.1082 per common share, payable January 13,
2017, to shareholders of record on December 30, 2016 (Ex-Dividend Date: December 28, 2016).
The Fund adopted a managed distribution plan and will make monthly distributions to common shareholders at an annual minimum
fixed rate of 10%, based on the average monthly net asset value (NAV) of the Fund's common shares. The Fund will calculate the
average NAV from the previous month based on the number of business days in that month on which the NAV is calculated. The
distribution will be calculated as 10% of the previous month's average NAV, divided by 12. Management will generally distribute
amounts necessary to satisfy the Fund's plan and the requirements prescribed by excise tax rules and Subchapter M of the Internal
Revenue Code. The plan is intended to provide shareholders with a constant, but not guaranteed, fixed minimum rate of
distribution each month and is intended to narrow the discount between the market price and the NAV of the Fund's common shares,
but there is no assurance that the plan will be successful in doing so.
Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the
Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level. No
conclusions should be drawn about the Fund's investment performance from the amount of the Fund's distributions or from the terms
of the Fund's managed distribution plan.
The Board may amend the terms of the plan or terminate the plan at any time without prior notice to the Fund's shareholders.
The amendment or termination of the plan could have an adverse effect on the market price of the Fund's common shares. The plan
will be subject to the periodic review by the Board, including a yearly review of the annual minimum fixed rate to determine if
an adjustment should be made.
With each distribution that does not consist solely of net investment income, the Fund will issue a notice to shareholders and
an accompanying press release that will provide detailed information regarding the amount and composition of the distribution and
other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and
are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will
depend upon the Fund's investment experience during its full fiscal year and may be subject to changes based on tax regulations.
The Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for
federal income tax purposes.
The Fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of
the distribution may result in a return of capital. A return of capital occurs when some or all of the money that shareholders
invested in the Fund is paid back to them. A return of capital does not necessarily reflect the Fund's investment performance and
should not be confused with 'yield' or 'income'. Any such returns of capital will decrease the Fund's total assets and,
therefore, could have the effect of increasing the Fund's expense ratio. In addition, in order to make the level of distributions
called for under its plan, the Fund may have to sell portfolio securities at a less than opportune time.
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 Resources, Inc. (NYSE: BEN) is a global investment management organization operating as Franklin Templeton
Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and
sovereign wealth clients in over 180 countries. Through specialized teams, the company has expertise across all asset classes --
including equity, fixed income, alternative and custom solutions. The company's more than 600 investment professionals are
supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices
in 35 countries, the California-based company has more than 65 years of investment experience and over $714 billion in assets
under management as of November 30, 2016. For more information, please visit franklintempleton.com.