SEC Form 4 · accession 0000913849-16-000652
FRANKLIN LTD DURATION INCOME TRUST · FTF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
RIVERNORTH CAPITAL MANAGEMENT, LLC
10% Owner
RIVERNORTH CAPITAL PARTNERS, L.P.
10% Owner
Period of report
Oct 27, 2016
Accepted (ET)
Nov 2, 2016 · 4:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001233087
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Auction Rate Preferred SharesF1,F2,F3 | Oct 27, 2016 | P$0 | 24 | — | A | 1,820 | I | By Affiliates |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each of the reporting persons disclaim beneficial ownership of these securities for purposes of Section 16 except to the extent of its pecuniary interest therein.
- F293.5% of par.
- F3646 Auction Rate Preferred Shares are held by RiverNorth Capital Partners, L.P., 1,165 shares are held by RiverNorth Institutional Partners L.P. and 9 shares are held in a separate account managed by RiverNorth Capital Management, LLC. RiverNorth Capital Management, LLC is the general partner of RiverNorth Capital Partners, L.P. and RiverNorth Institutional Partners, L.P. The Auction Rate Preferred Shares reported herein represent the combined holdings in three series of Auction Rate Preferred Shares, which are treated as one class of securities for purposes of this report.