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:      3/31 

Date of reporting period:   6/30/17

Item 1. Proxy Voting Records.

ENERGY XXI GULF COAST, INC.
Meeting Date:  MAY 10, 2017
Record Date:  APR 10, 2017
Meeting Type:  ANNUAL

Ticker:  EXXI
Security ID:  29276K101

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Michael S. Bahorich

Management

For

For

1.2

Elect Director Douglas E. Brooks

Management

For

For

1.3

Elect Director George Kollitides

Management

For

For

1.4

Elect Director Michael S. Reddin

Management

For

For

1.5

Elect Director Stanford Springel

Management

For

For

1.6

Elect Director James W. Swent, III

Management

For

For

1.7

Elect Director Charles W. Wampler

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify Ernst & Young LLP as Auditors

Management

For

For

HALCON RESOURCES CORPORATION
Meeting Date:  MAY 04, 2017
Record Date:  MAR 14, 2017
Meeting Type:  ANNUAL

Ticker:  HK
Security ID:  40537Q605

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Thomas R. Fuller

Management

For

For

1.2

Elect Director Floyd C. Wilson

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

Three Years

Three Years

4

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

MIDSTATES PETROLEUM COMPANY, INC.
Meeting Date:  MAY 24, 2017
Record Date:  APR 18, 2017
Meeting Type:  ANNUAL

Ticker:  MPO
Security ID:  59804T407

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Frederic F. Brace

Management

For

For

1.2

Elect Director Alan J. Carr

Management

For

For

1.3

Elect Director Patrice D. Douglas

Management

For

For

1.4

Elect Director Neal P. Goldman

Management

For

For

1.5

Elect Director Michael S. Reddin

Management

For

For

1.6

Elect Director Todd R. Snyder

Management

For

For

1.7

Elect Director Bruce H. Vincent

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

Against

3

Ratify Grant Thornton LLP as Auditors

Management

For

For

PENN VIRGINIA CORPORATION
Meeting Date:  MAY 03, 2017
Record Date:  MAR 17, 2017
Meeting Type:  ANNUAL

Ticker:  PVAC
Security ID:  70788V102

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Harry Quarls

Management

For

For

1.2

Elect Director Darin G. Holderness

Management

For

For

1.3

Elect Director Marc McCarthy

Management

For

For

1.4

Elect Director Jerry R. Schuyler

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify Grant Thornton LLP as Auditors

Management

For

For

PENN VIRGINIA CORPORATION
Meeting Date:  MAY 03, 2017
Record Date:  MAR 17, 2017
Meeting Type:  ANNUAL

Ticker:  PVAC
Security ID:  70788V300

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Harry Quarls

Management

For

For

1.2

Elect Director Darin G. Holderness

Management

For

For

1.3

Elect Director Marc McCarthy

Management

For

For

1.4

Elect Director Jerry R. Schuyler

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify Grant Thornton LLP as Auditors

Management

For

For

VERSO CORPORATION
Meeting Date:  MAY 12, 2017
Record Date:  APR 06, 2017
Meeting Type:  ANNUAL

Ticker:  VRS
Security ID:  92531L207

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Robert M. Amen

Management

For

For

1.2

Elect Director Alan J. Carr

Management

For

For

1.3

Elect Director Eugene I. Davis

Management

For

For

1.4

Elect Director B. Christopher DiSantis

Management

For

For

1.5

Elect Director Jerome L. Goldman

Management

For

For

1.6

Elect Director Steven D. Scheiwe

Management

For

For

1.7

Elect Director Jay Shuster

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

VISTRA ENERGY CORP.
Meeting Date:  MAY 16, 2017
Record Date:  MAR 24, 2017
Meeting Type:  ANNUAL

Ticker:  VST
Security ID:  92840M102

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Gavin R. Baiera

Management

For

For

1.2

Elect Director Curtis A. Morgan

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