Franklin Michigan Tax-Free Income Fund

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

Distributions

Schedules

Dividend Distributions Further Information This fund is a Daily Accrual fund Monthly
Capital Gain Distributions June
December

Rates and Yields Further Information

Taxable Equivalent Distribution Rate As of 04/07/2020 (updated daily) 4.91%
30-Day Standardized yield As of 03/31/2020 (updated monthly) 0.76%
Taxable Equivalent Yield As of 03/31/2020 (updated monthly) 1.38%

Distribution Rate and Breakpoints As of 04/07/2020 (updated daily)

Less than $100,000 2.70%
$100,000 - $249,999 2.71%
$250,000 - $499,999 2.74%
$500,000 - $999,999
At Net Asset Value 2.80%

TWELVE-MONTH-ROLLING DISTRIBUTIONS PER SHARE As of 04/08/2020 (updated daily)

Distribution amounts may be estimates Further Information

Month Amount ($) Record Date Ex-Date Payable Date Reinvestment Date Reinvestment Price ($)
March 2020
Total Distributions Per Share 0.027131 Daily Daily Mar 31 Mar 31 11.69
Tax-Exempt Income 0.027131 Daily Daily Mar 31 Mar 31 11.69
February 2020
Total Distributions Per Share 0.023021 Daily Daily Feb 28 Feb 28 12.02
Tax-Exempt Income 0.023021 Daily Daily Feb 28 Feb 28 12.02
January 2020
Total Distributions Per Share 0.026271 Daily Daily Jan 31 Jan 31 11.87
Tax-Exempt Income 0.026271 Daily Daily Jan 31 Jan 31 11.87
December 2019
Total Distributions Per Share 0.027337 Daily Daily Dec 31 Dec 31 11.70
Tax-Exempt Income 0.027337 Daily Daily Dec 31 Dec 31 11.70
November 2019
Total Distributions Per Share 0.024758 Daily Daily Nov 29 Nov 29 11.70
Tax-Exempt Income 0.024758 Daily Daily Nov 29 Nov 29 11.70
October 2019
Total Distributions Per Share 0.026100 Daily Daily Oct 31 Oct 31 11.71
Tax-Exempt Income 0.026100 Daily Daily Oct 31 Oct 31 11.71
September 2019
Total Distributions Per Share 0.026240 Daily Daily Sep 30 Sep 30 11.73
Tax-Exempt Income 0.026240 Daily Daily Sep 30 Sep 30 11.73
August 2019
Total Distributions Per Share 0.025427 Daily Daily Aug 30 Aug 30 11.84
Tax-Exempt Income 0.025427 Daily Daily Aug 30 Aug 30 11.84
July 2019
Total Distributions Per Share 0.028074 Daily Daily Jul 31 Jul 31 11.66
Tax-Exempt Income 0.028074 Daily Daily Jul 31 Jul 31 11.66
June 2019
Total Distributions Per Share 0.023644 Daily Daily Jun 28 Jun 28 11.61
Tax-Exempt Income 0.023644 Daily Daily Jun 28 Jun 28 11.61
May 2019
Total Distributions Per Share 0.026650 Daily Daily May 31 May 31 11.59
Tax-Exempt Income 0.026650 Daily Daily May 31 May 31 11.59

Daily Fund Prices and Breakpoints [further-information] As of 04/07/2020

Share Prices ($)

Pop and Sales Charge at Breakpoints

Investment Sales Charge POP
Less than $100,000 3.75% $12.07
$100,000-$249,999 3.25% $12.01
$250,000-$499,999 2.25% $11.89

52-week Range ($)

NAV Highon 03/09/2020  12.09
NAV Lowon 03/20/2020 10.86