Franklin Resources Inc Stock Price, News & Analysis

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,477.5 billion as of March 31, 2022, down from $1,486.9 billion on February 28, 2022. The decline was primarily due to $11.7 billion in long-term net outflows and market impacts. On April 1, 2022, Franklin Templeton completed the acquisition of Lexington Partners, adding $57 billion in AUM. AUM is detailed across various asset classes, indicating varying trends.

Franklin Universal Trust (FT) announced a monthly distribution of $0.0425 per share, payable on April 29, 2022. Shareholders on record as of April 18, 2022 will receive this distribution, with an Ex-Dividend Date of April 14, 2022. The fund aims to provide high current income while preserving capital and offers growth through income and capital appreciation. However, past distributions are not indicative of future results, and actual amounts for tax reporting may vary.

Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of $0.0362 per share, payable on April 29, 2022, to shareholders on record as of April 18, 2022. This distribution is part of a managed distribution plan aiming for a minimum annual rate of 8%, based on the average monthly net asset value (NAV). However, the Fund may need to distribute capital gains or return of capital if net income is insufficient. Shareholders are advised that distribution amounts do not reflect investment performance.

The Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of $0.0635 per share, payable on April 29, 2022, to shareholders of record on April 18, 2022. This distribution is part of a managed distribution plan with a minimum fixed rate of 10% based on the average monthly net asset value (NAV). The plan aims to provide consistent monthly distributions, but there are no guarantees it will succeed in narrowing the market price discount to NAV. Distributions may also include returns of capital or long-term capital gains.

Eaglebrook Advisors has secured a strategic investment from Franklin Resources (NYSE: BEN), enhancing its capabilities to meet rising market demand for digital asset separately managed accounts (SMAs). The investment adds to the $22M already raised, including a $20M Series A funding round. This partnership aims to accelerate technology and product development, benefiting financial advisors and clients. Since its inception in 2019, Eaglebrook's platform has expanded to serve over 500 financial advisors across the U.S., supported by strong industry partnerships.

Franklin Resources, Inc. (NYSE: BEN) has completed the acquisition of Lexington Partners L.P. as of April 1, 2022. This strategic move enhances Franklin Templeton's alternative asset strategies, now totaling over $200 billion in assets under management. Lexington, a prominent global manager of secondary private equity and co-investment funds, brings significant expertise with $57 billion in AUM. The acquisition is expected to fuel growth and operational efficiencies, while maintaining Lexington's brand and investment approach.

Templeton Global Income Fund (GIM) has announced its distribution sources scheduled for March 31, 2022. The fund's monthly distribution per share is estimated at $0.0362, with 39% from net investment income and 61% classified as a return of capital. Year-to-date, the cumulative distribution is $0.0687 per share, with a significant portion also from return of capital. The fund's managed distribution plan has been updated to a minimum annual rate of 8%, up from 7.5%, to enhance shareholder returns. Shareholders are cautioned that returns of capital do not represent investment performance.