Franklin Resources Inc Stock Price, News & Analysis

The Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of $0.0590 per share, payable on June 30, 2022. Shareholders of record as of June 17, 2022 will receive this distribution, following an Ex-Dividend Date of June 16, 2022.

Supported by a managed distribution plan, the Fund aims for an annual minimum fixed rate of 10% based on the average monthly net asset value. However, actual distributions may include returns of capital, which do not reflect performance.

Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of $0.0352 per share from net investment income, payable on June 30, 2022, for shareholders of record on June 17, 2022 (Ex-Dividend Date: June 16, 2022). The Fund operates a managed distribution plan targeting an annual minimum rate of 8% based on average monthly net asset value (NAV). While the goal is to provide stable distributions, there is no guarantee of success. The Board can amend or terminate this plan without notice, impacting market prices.

Franklin Universal Trust (NYSE: FT) announced a monthly distribution of $0.0425 per share from net investment income, payable on June 30, 2022. Shareholders of record on June 17, 2022 will receive this dividend, with the ex-dividend date set for June 16, 2022. The Fund aims to provide high current income and growth through dividend increases. Distributions may vary and are not indicative of future performance. Actual amounts for tax reporting will depend on the Fund's investment experience and may change according to tax regulations.

Franklin Templeton has partnered with iCapital to enhance access to alternative investment offerings for financial advisors and clients. The collaboration emphasizes Franklin Templeton's extensive alternatives portfolio, managing over $200 billion in assets across various strategies, including real estate and alternative credit. Key funds in focus include Franklin BSP Capital Corporation (FBCC) and Clarion Partners Real Estate Income Fund (CPREIF). The partnership aims to meet growing investor demand for diverse investment options.

Franklin Templeton has agreed to acquire BNY Alcentra Group Holdings from BNY Mellon for $350 million in cash and up to $350 million in contingent payments, aiming to enhance its alternative asset strategies. This deal will double Benefit Street Partners’ AUM to $77 billion and augment Franklin's total to $257 billion. The acquisition is expected to close early in Q1 2023, subject to regulatory approvals. It represents a strategic expansion into European credit markets, increasing Franklin's global credit capabilities.

The Templeton Global Income Fund (NYSE: GIM) announced its estimated sources of distributions for May 31, 2022. The distribution per share is $0.0354, comprising 44% net investment income and 56% return of capital. For the fiscal year-to-date, distributions total $0.1411 per share with 35% from net investment income and 65% as a return of capital. The Fund has a managed distribution plan aiming for a minimum annual rate of 8%, but there's no assurance the plan will succeed. Shareholders are advised that the distribution amount may not reflect the Fund's investment performance.