Franklin Universal Trust Announces Distribution Sources

Franklin Universal Trust has announced its estimated sources of distribution for November 2025 and the fiscal year 2026. The estimated allocation for the November monthly distribution is $0.0425 per share, with $0.0268 (63%) from net investment income, $0.0009 (2%) from net realized short-term capital gains, and $0.0148 (35%) from return of capital. The cumulative estimated allocation for the fiscal year-to-date is $0.0850 per share, with $0.0528 (62%) from net investment income and $0.0295 (35%) from return of capital. Shareholders should not draw conclusions about the fund's investment performance from the distribution or distribution policy.