Franklin Universal Trust (“FT” or the “Fund”) Announces Portfolio Management Team Update

Franklin Universal Trust [NYSE: FT] today announced a Portfolio Management Team update.

Effective September 30, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:

• Glenn Voyles
• Jon Belk
• Tricia O’Connor

Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund.

The Fund’s shares are traded on the New York Stock Exchange. Similar to stocks, Fund share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value and can increase an investor’s risk of loss. All investments are subject to risk, including the risk of loss.

For further information on Franklin Universal Trust, please visit our web site at: www.franklintempleton.com

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of August 31, 2024. For more information, please visit franklintempleton.com.

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For more information, please contact Franklin Templeton at 1-800-342-5236.