UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21357

Franklin Limited Duration Income Trust

(Exact name of registrant as specified in charter)

One Franklin Parkway, San Mateo, CA 94403-1906

(Address of principal executive offices) (Zip code)

Craig S. Tyle, One Franklin Parkway, San Mateo, CA 94403-1906

(Name and address of agent for service)

Registrant's telephone number, including area code: (650) 312-2000

Date of fiscal year end:      12/31

Date of reporting period:   6/30/2021    

Item 1. Proxy Voting Records.

AMPLIFY ENERGY CORP.
Meeting Date:  MAY 19, 2021
Record Date:  MAR 24, 2021
Meeting Type:  ANNUAL

Ticker:  AMPY
Security ID:  03212B103

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Patrice Douglas

Management

For

For

1b

Elect Director Christopher W. Hamm

Management

For

For

1c

Elect Director Randal T. Klein

Management

For

For

1d

Elect Director Evan S. Lederman

Management

For

For

1e

Elect Director David H. Proman

Management

For

For

1f

Elect Director Todd R. Snyder

Management

For

For

1g

Elect Director Martyn Willsher

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Approve Omnibus Stock Plan

Management

For

For

CALIFORNIA RESOURCES CORPORATION
Meeting Date:  MAY 12, 2021
Record Date:  MAR 15, 2021
Meeting Type:  ANNUAL

Ticker:  CRC
Security ID:  13057Q305

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Douglas E. Brooks

Management

For

For

1.2

Elect Director Tiffany (TJ) Thom Cepak

Management

For

For

1.3

Elect Director James N. Chapman

Management

For

For

1.4

Elect Director Mark A. (Mac) McFarland

Management

For

For

1.5

Elect Director Julio M. Quintana

Management

For

For

1.6

Elect Director William B. Roby

Management

For

For

1.7

Elect Director Andrew Bremner

Management

For

For

2

Ratify KPMG LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

PARTY CITY HOLDCO INC.
Meeting Date:  JUN 10, 2021
Record Date:  APR 12, 2021
Meeting Type:  ANNUAL

Ticker:  PRTY
Security ID:  702149105

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Joel Alsfine

Management

For

For

1.2

Elect Director Steven J. Collins

Management

For

For

1.3

Elect Director James G. Conroy

Management

For

Withhold

1.4

Elect Director William S. Creekmuir

Management

For

For

1.5

Elect Director Sarah Dodds-Brown

Management

For

For

1.6

Elect Director Jennifer Fleiss

Management

For

For

1.7

Elect Director John A. Frascotti

Management

For

For

1.8

Elect Director James M. Harrison

Management

For

For

1.9

Elect Director Norman S. Matthews

Management

For

For

1.10

Elect Director Michelle Millstone-Shroff

Management

For

For

1.11

Elect Director Bradley M. Weston

Management

For

For

2

Amend Omnibus Stock Plan

Management

For

For

3

Ratify Ernst & Young LLP as Auditors

Management

For

For

VERSO CORPORATION
Meeting Date:  AUG 05, 2020
Record Date:  JUN 17, 2020
Meeting Type:  ANNUAL

Ticker:  VRS
Security ID:  92531L207

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Robert K. Beckler

Management

For

For

1b

Elect Director Marvin Cooper

Management

For

For

1c

Elect Director Sean T. Erwin

Management

For

For

1d

Elect Director Jeffrey E. Kirt

Management

For

For

1e

Elect Director Randy J. Nebel

Management

For

For

1f

Elect Director Adam St. John

Management

For

For

1g

Elect Director Nancy M. Taylor

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

VERSO CORPORATION
Meeting Date:  MAY 06, 2021
Record Date:  MAR 22, 2021
Meeting Type:  ANNUAL

Ticker:  VRS
Security ID:  92531L207

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Robert K. Beckler

Management

For

For

1b

Elect Director Marvin Cooper

Management

For

For

1c

Elect Director Jeffrey E. Kirt

Management

For

For

1d

Elect Director Randy J. Nebel

Management

For

For

1e

Elect Director Nancy M. Taylor

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

WEATHERFORD INTERNATIONAL PLC
Meeting Date:  MAY 26, 2021
Record Date:  APR 16, 2021
Meeting Type:  ANNUAL

Ticker:  WFTLF
Security ID:  G48833118

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Benjamin C. Duster, IV

Management

For

For

1b

Elect Director Neal P. Goldman

Management

For

For

1c

Elect Director Jacqueline Mutschler

Management

For

For

1d

Elect Director Girishchandra K. Saligram

Management

For

For

1e

Elect Director Charles M. Sledge

Management

For

For

2

Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration

Management

For

For