Investment Income

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.

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.

Saba Capital Income & Opportunities Fund II (SABA) announced the composition of its July 31, 2025 distribution, in accordance with SEC regulations. The distribution of $0.058 per share is comprised of $0.04284 (73.87%) net investment income and $0.01516 (26.13%) return of capital. Year-to-date, distributions total $0.464 per share, with $0.179 (38.58%) from net investment income and $0.285 (61.42%) from return of capital. Investors are advised not to equate distribution amounts with fund performance. Saba Capital Management, L.P. is now the investment advisor.