Welcome to our dedicated page for Franklin Templeton news (Ticker: BEN), a resource for investors and traders seeking the latest updates and insights on Franklin Templeton stock.
Franklin Resources, Inc. reports developments for Franklin Templeton, a global investment manager serving individual, institutional and wealth clients across public and private markets. News commonly covers assets under management, net flows, earnings, operating results and asset-class activity across equity, fixed income, alternatives, multi-asset and cash management strategies.
Company updates also include product and platform initiatives such as model portfolios, separately managed account-style solutions and private-market access, as well as developments at subsidiaries including Western Asset Management and Fiduciary Trust International. Other recurring themes include global distribution, wealth management expansion, client group leadership and capital actions tied to the company’s NYSE-listed common stock.
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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.
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The Templeton Emerging Markets Income Fund (NYSE: TEI) has announced its estimated sources of distribution for May 31, 2022. The monthly distribution is set at $0.0600 per share, where $0.0264 (44%) comes from net investment income and $0.0336 (56%) is classified as return of capital. Cumulatively, for the fiscal year-to-date as of April 30, 2022, the total distribution per share stands at $0.2548, with $0.1582 derived from net investment income (62%). Shareholders are advised that a portion of the distribution may represent a return of capital.
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.