Franklin Resources Inc Stock Price, News & Analysis

Transamerica has been selected by Franklin Templeton as the recordkeeper for its new retirement plan solution, the Franklin Templeton Group Plan Solution, aimed at small to mid-size businesses. This partnership allows employers to access group pricing and professional fiduciary services through DWC and LeafHouse Financial. The collaboration seeks to enhance retirement plan coverage and streamline operations for HR departments, enabling them to focus on their core responsibilities. The plan meets various ERISA requirements at the individual plan level.

Franklin Resources, Inc. (NYSE:BEN) will participate in the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021. CEO Jenny Johnson and CFO Matthew Nicholls are scheduled to speak at approximately 1:40 p.m. ET. Investors can access the live video webcast through the "Investor Relations" section of Franklin's website, with a replay available post-event. Franklin Templeton, with over 70 years of experience and more than $1.5 trillion in assets under management, serves clients in over 165 countries, focusing on investment and wealth management solutions.

The Templeton Emerging Markets Income Fund (NYSE: TEI) announced its distribution plan, detailing estimated sources for its upcoming payment on November 30, 2021. The distribution per share is set at $0.0684, primarily from net investment income (59%) and a return of capital (41%). For the fiscal year-to-date, the total distribution amounts to $0.6485, highlighting 75% from net investment income and 25% from return of capital. The Fund's managed distribution plan aims to provide a stable distribution rate of at least 10% of the average NAV. Shareholders are cautioned against drawing conclusions about investment performance from distributions.

The Templeton Global Income Fund (NYSE: GIM) announced its estimated sources of distributions for November 30, 2021. The monthly distribution is set at $0.0355 per share, comprising $0.0128 (36%) from net investment income and $0.0227 (64%) as a return of capital. Year-to-date distributions total $0.3224 per share, with $0.2039 (63%) from net investment income. The fund has adopted a managed distribution plan targeting a fixed annual rate of 7.5% based on average NAV, allowing flexibility in the source of distributions.

On November 19, 2021, the Board of Trustees for the Legg Mason Global Infrastructure ETF (NASDAQ:INFR) approved plans to liquidate the Fund. The liquidation will take place around February 3, 2022. Following the close of business on January 5, 2022, the Fund will cease to accept creation orders. Trading will halt before market open on January 28, 2022, with shareholders receiving liquidation proceeds by February 3, 2022. Shareholders should consult tax advisers regarding the tax implications of this liquidation.

Legg Mason Partners Fund Advisor has announced distributions for its closed-end funds under a managed distribution policy for December 2021, January, and February 2022. The Western Asset Inflation-Linked Income Fund (WIA) will distribute $0.93900 per share in December, comprised of a $0.03900 regular and $0.90000 special distribution. The Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will distribute $0.54850 per share, including a $0.04850 regular and $0.50000 special distribution. All distributions are subject to adjustments by the Board of Trustees.

Franklin Universal Trust (NYSE: FT) has announced a monthly distribution of $0.0425 per share from net investment income, payable on December 15, 2021. Shareholders of record on November 30, 2021 will receive this payout, with an ex-dividend date of November 29, 2021. The Fund aims to provide high current income while preserving capital, although future distributions may vary. Accurate tax reporting will depend on the Fund's investment performance throughout the fiscal year.

Fiduciary Trust International, a subsidiary of Franklin Templeton, plans to open a new office in Atlanta, GA in early 2022. This expansion aims to enhance its presence in the Southeast, complementing existing teams in Florida and Washington, DC. Led by David W. Edmiston, the firm seeks to leverage regional growth opportunities, particularly among high-net-worth and ultra-high-net-worth clients. With over $98 billion in assets under management, Fiduciary Trust emphasizes a personalized wealth management service, drawing on nearly 90 years of experience.