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 11/15/2019 (updated daily) 4.71%
30-Day Standardized yield As of 10/31/2019 (updated monthly) 1.27%
Taxable Equivalent Yield As of 10/31/2019 (updated monthly) 2.31%

Distribution Rate and Breakpoints As of 11/15/2019 (updated daily)

Less than $100,000 2.59%
$100,000 - $249,999 2.60%
$250,000 - $499,999 2.63%
$500,000 - $999,999
At Net Asset Value 2.69%

Year-to-Date Distributions Per Share As of 11/16/2019 (updated daily)

Distribution amounts may be estimates Further Information

Month Amount ($) Record Date Ex-Date Payable Date Reinvestment Date Reinvestment Price ($)
January
Total Distributions Per Share 0.026600 Daily Daily Jan 31 Jan 31 11.27
Tax-Exempt Income 0.026600 Daily Daily Jan 31 Jan 31 11.27
February
Total Distributions Per Share 0.026600 Daily Daily Feb 28 Feb 28 11.30
Tax-Exempt Income 0.026600 Daily Daily Feb 28 Feb 28 11.30
March
Total Distributions Per Share 0.026600 Daily Daily Mar 29 Mar 29 11.45
Tax-Exempt Income 0.026600 Daily Daily Mar 29 Mar 29 11.45
April
Total Distributions Per Share 0.040100 Daily Daily Apr 30 Apr 30 11.46
Tax-Exempt Income 0.040100 Daily Daily Apr 30 Apr 30 11.46
May
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
June
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
July
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
August
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
September
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
October
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
December
Estimate Long-Term Capital Gain 0.0000-0.0000 Daily Daily Dec 31 Dec 31 TBD
Estimate Short-Term Capital Gain 0.0000-0.0000 Daily Daily Dec 31 Dec 31 TBD

All fund distributions will vary depending upon current market conditions, and past distributions are not indicative of future trends.