Franklin Resources Inc Stock Price, News & Analysis

On November 30, 2021, Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,546.8 billion, a decrease from $1,561.7 billion at the end of October 2021. The drop in AUM was primarily due to negative market conditions, offset by long-term net inflows of $7.4 billion, largely attributed to new client accounts from the Investment Grade Credit team. Despite a $3.6 billion multi-asset institutional redemption, overall long-term net flows remained positive.

Templeton Emerging Markets Income Fund (NYSE: TEI) has announced a monthly distribution of $0.0663 per share, payable on December 31, 2021. Shareholders of record on December 15, 2021 will receive this payment, with an ex-dividend date of December 14, 2021. The Fund aims to provide a managed distribution plan with a fixed annual rate of 10% based on the average monthly net asset value (NAV). However, there are no guarantees regarding the success of the Plan, and the Board can amend or terminate it at any time.

Templeton Emerging Markets Fund (NYSE: EMF) has announced a total distribution of $1.1097 per share. This distribution includes $0.4051 in net investment income, $0.3483 in short-term capital gains, and $0.3563 in long-term capital gains. Shareholders will receive this distribution on December 31, 2021, if they are on record by December 15, 2021, with an ex-dividend date set for December 14, 2021.

Templeton Global Income Fund [NYSE: GIM] has announced a monthly distribution of $0.0349 per share, payable on December 31, 2021. Shareholders of record on December 15, 2021 will receive this payment. The Fund operates under a managed distribution plan, ensuring a minimum annual fixed rate of 7.5% based on average monthly net asset value (NAV). Distributions may include returns of capital if sufficient income is unavailable. The plan can be amended or terminated by the Board without notice, influencing market prices.

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.