SAN MATEO, Calif., June 08, 2018 (GLOBE NEWSWIRE) -- Franklin Limited Duration Income Trust (NYSE:FTF) (CUSIP 35472T101) announced today that its Board of Trustees has authorized the redemption of all of its outstanding Auction Rate Preferred Shares, currently anticipated to take place in August, 2018. The Fund will provide the specific details of the redemption in the form of a press release and a notice to be sent to preferred shareholders at a later date.

You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton’s Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. All investments involve risks, including possible loss of principal. Interest rate movements and mortgage prepayments will affect the Fund's share price and yield. Bond prices generally move in the opposite direction of interest rates. As the prices of bonds in a fund adjust to a rise in interest rates, the fund’s share price may decline. Investments in lower-rated bonds include higher risk of default and loss of principal. The Fund is actively managed but there is no guarantee that the manager's investment decisions will produce the desired results. For portfolio management discussions, including information regarding the Fund’s investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.

Franklin Resources, Inc. (NYSE:BEN) is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes—including equity, fixed income, alternative and custom solutions. The company’s more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in over 30 countries, the California–based company has more than 70 years of investment experience and over $732 billion in assets under management as of April 30, 2018. For more information, please visit franklintempleton.com.

FROM:Franklin Templeton InvestmentsShareholders/Financial Advisors: (800) 342-5236