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Franklin Templeton Limited Duration Income Trust Declares Monthly and Special Dividend

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

San Mateo, CA, December 21, 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 $0.163 per share, payable January 14, 2011, to shareholders of record on December 31, 2010 (Ex-Dividend Date: December 29, 2010). The dividend is comprised of a monthly distribution of $0.083 per share and a special income distribution of $0.080 per share.  The special distribution allows the Fund to meet its 2010 distribution requirements for federal tax purposes.   

Based on the Fund’s net asset value (NAV) of $13.87 at the close of the market on December 20, 2010, the Fund’s monthly dividend ($0.083 per share) represents an annualized yield at NAV of 7.18%.  At the Fund’s market price of $12.92 at the close of the NYSE Amex on December 20, 2010, the Fund’s monthly dividend represents an annualized market yield of 7.71%.

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, Fiduciary Trust, Darby and Bissett investment teams.  The San Mateo, CA-based company has more than 60 years of investment experience and over $642 billion in assets under management as of November 30, 2010.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.