Franklin Resources Inc Stock Price, News & Analysis

The Franklin Universal Trust (NYSE: FT) announced its estimated sources of distributions for May 31, 2022, with a per-share distribution of $0.0425. Of this, 74% is attributed to net investment income, and 26% is considered a return of capital. For the fiscal year-to-date, the cumulative distribution has reached $0.3792 per share, primarily from net investment income (68%) and a return of capital (17%). The Fund aims to provide high current income and capital preservation. Shareholders should not draw investment performance conclusions solely from these distributions.

EvoNexus, in collaboration with the Royal Bank of Canada (RBC) and Franklin Templeton, is inviting early-stage fintech startups to apply for its Silicon Valley FinTech Incubator. Launched in 2019, the program has seen significant success, with 17 startups participating and raising over $530 million in 2021 alone. The incubator provides a minimum of $150,000 in seed funding, offering startups access to expertise in innovative financial technologies, including cryptocurrency and AI. Applications are accepted on a rolling basis, aiming to foster growth in the fintech sector.

Independent Insurance Group has launched iStructure, the first uncapped index-linked structured settlement annuity, securing almost $50 million in committed sales. The product aims to enhance payouts while providing flexibility and tax benefits of traditional settlements. Nearly 60 clients, including minors and personal injury cases, have adopted iStructure. The annuity is linked to the Franklin BofA World Index and offers customizable payment options and market protection. This innovative product has attracted significant interest from distribution partners.

Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed M. Lisa Parry Howard as trust counsel in its Wilmington office. With over 20 years of experience in financial services, Howard specializes in trust account administration and compliance. Delaware's favorable trust laws make it a key location for the firm's operations. This addition complements the firm's growing Delaware team, which aims to leverage the state's tax-efficient trust solutions. Fiduciary Trust International manages over $98 billion in assets, demonstrating its significant market position.

Legg Mason Partners Fund Advisor, LLC announced distribution declarations for closed-end funds WIA and WIW for June to November 2022. Monthly payouts include $0.04500 for WIA and $0.05500 for WIW. Key dates are provided: record dates, ex-dividend dates, and payable dates. Distributions may include return of capital if investment income is insufficient. Share prices fluctuate and can trade at a discount to net asset value, increasing risks. Franklin Resources, the parent company of Legg Mason, is highlighted.

TIFIN has successfully closed a $109 million Series D financing round, bringing its total funding to approximately $204 million over the past 18 months. The company’s valuation has risen to $842 million, reflecting significant growth in its product offerings and user base. Notable new investors include Franklin Templeton and Motive Partners. TIFIN utilizes AI to provide personalized wealth management solutions and aims to enhance digital distribution for investment managers. This funding will bolster TIFIN's expansion efforts, particularly Magnifi's consumer platform.

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,455.8 billion as of April 30, 2022, down from $1,477.5 billion at March 31, 2022. The decline in AUM was largely due to market impacts and long-term net outflows, although this was partially offset by the acquisition of Lexington Partners. AUM details by asset class include fixed income at $562.8 billion, equity at $468.1 billion, and alternatives at $218.8 billion.

Franklin Universal Trust (NYSE: FT) announced a monthly distribution of $0.0425 per share from net investment income, payable on May 31, 2022. Shareholders of record as of May 16, 2022 will receive this payment, with an ex-dividend date of May 13, 2022. The trust aims to provide high current income while preserving capital, with potential for income and capital growth. However, past distributions do not guarantee future results, and shareholders need to consider tax implications of reported amounts.