]> Press Release - Closed-End Funds - FT Announces Results of Annual Meeting

Franklin Universal Trust Announces Conclusion of Annual Meeting

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

San Mateo, CA, March 14, 2008 – Franklin Universal Trust [NYSE:FT], a closed-end investment company managed by Franklin Advisers, Inc., announced the conclusion of its 2008 Annual Meeting, held today.  Subject to final confirmation by the independent inspector of elections, preliminary results from the Fund’s proxy solicitor indicate that shareholders re-elected all of the Fund’s nominees for the Board of Trustees and defeated a dissident shareholder’s slate of nominees as well as a shareholder proposal. 

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 60 years of investment experience and over $600 billion in assets under management as of February 29, 2008.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.