Franklin Templeton Limited Duration Income Trust Declares Monthly Dividend

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton Limited Duration Income Trust (AMEX: FTF), a closed-end investment company managed by Franklin Advisers, Inc., announced today a dividend of $0.076 per share, payable September 15, 2008, to shareholders of record on August 29, 2008 (Ex-Dividend Date: August 27, 2008).

Based on the Fund’s net asset value (NAV) of $12.78 at the close of the market on August 15, 2008, the Fund’s dividend represents an annualized yield at NAV of 7.14%. At the Fund’s market price of $10.88 at the close of the American Stock Exchange on August 15, 2008, the Fund’s dividend represents an annualized market yield of 8.38%.

Franklin Advisers, Inc. is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $570 billion in assets under management as of July 31, 2008. For more information, please call 1-800/DIAL BEN^® or visit franklintempleton.com.

Franklin Templeton Investments
Shareholders/Financial Advisors: 800-342-5236
Media: 650-312-2245