Distribution

Franklin Universal Trust (FT) announced the estimated sources of its October 31, 2025 distribution and fiscal year 2026 year-to-date allocations. The distribution is $0.0425 per share, with 61% from net investment income, 4% from short-term capital gains, and 35% as return of capital. FT’s investment objective is high current income and capital preservation. The fund’s 5-year average annual total return is 8.06%. Franklin Templeton manages the fund, with $1.66 trillion AUM as of September 30, 2025.

First Trust Senior Floating Rate Income Fund II (FCT) announced a monthly distribution of $0.097 per share, payable November 17, 2025, to shareholders of record on November 3, 2025. The distribution rate is 11.26% based on the October 17 NAV and 12.01% based on the closing market price. FCT primarily invests in senior secured floating-rate corporate loans, aiming for high current income and capital preservation. Investors should consider the risks associated with lower-grade, high-yield securities and senior loans, as well as the fund’s potential NAV reduction over time.

Saba Capital Income & Opportunities Fund II (SABA) announced the breakdown of its August 29th distribution of $0.058 per share. As of August 22nd, 36.14% is net investment income and 63.86% is return of capital. Fiscal year-to-date, 42.50% is net investment income, and 57.50% is return of capital. SABA cautions against drawing conclusions from distribution figures, as a significant portion is return of capital. The fund targets a $0.058/share monthly distribution, but this is subject to change. Investors should review SEC filings for risk factors.

Royce Micro-Cap Trust (RMT) announced a $0.18 per share quarterly distribution, payable June 25, 2025, with shareholders able to choose cash or additional shares. The distribution rate is currently 7% annually, subject to change. As of May 31, 2025, the distribution source is primarily long-term gains. The fund’s 5-year average annual total return is 12.71%.