FT: Deep Discount Doesn't Always Mean Bargain [Seeking Alpha]
Franklin Universal Trust (FT)
US:NYSE Investor Relations:
franklintempleton.com/investor/resources/lit/info/fut-a&role=investor
Company Research
Source: Seeking Alpha
Summary 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. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » PM Images Written by Nick Ackerman, co-produced by Stanford Chemist Franklin Universal Trust ( NYSE: FT ) is a closed-end fund that provides exposure to a portfolio of high-yield bonds and utility equity positions. There are a few CEFs that take a similar approach as FT, but FT leans more heavily in the fixed-income direction, with over 60% of the portfolio being allocated to that sleeve. The fund trades at a double-digit discou
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FT
News
- Franklin Universal Trust (“FT” or the “Fund”) Announces DistributionBusiness Wire
- Franklin Universal Trust (“FT” or the “Fund”) Announces Notification of Sources of DistributionsBusiness Wire
- Franklin Universal Trust (“FT” or the “Fund”) Announces DistributionBusiness Wire
- Franklin Universal Trust (“FT” or the “Fund”) Announces Notification of Sources of DistributionsBusiness Wire
- Franklin Universal Trust (“FT” or the “Fund”) Announces DistributionBusiness Wire
FT
Sec Filings
- 8/23/24 - Form N-PX
- 8/22/24 - Form 40-17F2
- 8/20/24 - Form 40-17F2
- FT's page on the SEC website