Franklin Universal Trust Declares Monthly Dividend
|From:||Franklin Advisors, Inc.|
San Mateo, CA, January 20, 2005 -- Franklin Universal Trust [NYSE:FT], a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of 3.5 cents per share, payable February 15, 2005, to shareholders of record on January 31, 2005. The monthly dividend of 3.5 cents per share represents a 16.67% increase over the dividend paid for the prior month. As a result of continuing improvement in the credit and utilities markets, the net earnings of the Fund have increased, enabling the Fund to pay a higher dividend.
Franklin Advisers, Inc. is a wholly owned subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams. The San Mateo, CA-based company has more than 50 years of investment experience and over $402 billion in assets under management as of December 31, 2004. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.