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The Trust has issued new 3.91% senior fixed rate notes due September 15, 2023, in the principal amount of $65 million, in a private placement. The proceeds of these new notes have been used to retire the 2.87% senior fixed rate notes and will be used for general fund purposes.
Press Release: Franklin Universal Trust Refinances Senior Fixed Rate Notes Franklin Universal Trust, a closed-end investment company managed by Franklin Advisers, Inc., today announced that the Trust has refinanced its 5.87% senior fixed rate notes due August 28, 2013.
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Play now 15 p slot wheels Press Release: Franklin Universal Trust Refinances Senior Fixed Rate Notes Michael Cooksey Named One of National Mortgage Professional Magazine’s ’40 Under 40 | Florida Newswire We elected to be taxed as a real estate investment trust. of senior unsecured note and bond obligations, excluding unamortized original issuance discounts of $14.5 million.
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