Franklin Templeton Limited Duration Income Trust Declares Monthly Dividend

From Franklin Advisers, Inc.
contact Franklin Templeton Fund Information
Telephone (800) 342-5236

San Mateo, CA, June 17, 2010 – Franklin Templeton Limited Duration Income Trust [NYSE Amex:FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.076 per share, payable July 15, 2010, to shareholders of record on June 30, 2010 (Ex-Dividend Date: June 28, 2010).

Based on the Fund's net asset value (NAV) of $13.24 at the close of the market on June 16, 2010, the Fund's dividend represents an annualized yield at NAV of 6.89%. At the Fund's market price of $12.44 at the close of the NYSE Amex on June 16, 2010, the Fund's dividend represents an annualized market yield of 7.33%.

Based on the Fund's net asset value (NAV) of $13.24 at the close of the market on June 16, 2010, the Fund's dividend represents an annualized yield at NAV of 6.89%. At the Fund's market price of $12.44 at the close of the NYSE Amex on June 16, 2010, the Fund's dividend represents an annualized market yield of 7.33%.