Franklin Limited Duration Income Trust (AMWX:FTF) announces a share repurchase program. Under the program, the company will repurchase up to 10% of the Fund's common shares in open-market transactions. Any repurchases would be made on a national securities exchange at the prevailing market price, subject to exchange requirements.

In exercising its discretion consistent with its portfolio management responsibilities, the investment manager will take into account various other factors, including, but not limited to, the level of the discount, the Fund's performance, portfolio holdings, dividend history, market conditions, cash on hand, the availability of other attractive investments and whether the sale of certain portfolio securities would be undesirable because of liquidity concerns or because the sale might subject the Fund to adverse tax consequences. Federal securities laws and rules restrict repurchases and the terms of any outstanding leverage or borrowing of the Fund. The repurchase program will commence on June 1, 2016 and end on March 31, 2017.