Tranche Update on Franklin Limited Duration Income Trust's Equity Buyback announced on January 19, 2017,
March 13, 2017 at 09:30 am IST
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From January 19, 2017 to March 3, 2017, the company has repurchased 3,988,963 shares for $51.82 million. With this, the company has completed the repurchase of 3,988,963 shares for $51.82 million under the buyback announced on January 19, 2017.
Franklin Limited Duration Income Trust (the Fund) is a closed-end management investment company. The Fund's primary objective is to provide high, current income, with a secondary objective of capital appreciation. The Fund invests in a diversified mix of fixed income securities, primarily high yield corporate bonds, floating-rate corporate loans and mortgage-and other asset-backed securities. It invests in various sectors, which include aerospace and defense, airlines, auto components, automobiles, banks, beverage, biotechnology, building products, capital markets, chemicals, commercial services and supplies, construction and engineering, containers and packaging, distributors, electric utilities, entertainment, insurance, media, metals and mining, Internet and direct marketing retail, information technology services, oil, gas and consumable fuels, paper and forest products, and wireless telecommunication services. The Fund's investment manager is Franklin Advisers, Inc.
FRANKLIN LIMITED DURATION INCOME TRUST 
