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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.
Fiduciary Trust International, a wealth management subsidiary of Franklin Templeton, has appointed Michael A. Bayles as a senior portfolio manager in New York. Bayles joins from Wells Fargo, where he held significant roles for over a decade. He is experienced in managing portfolios for high-net-worth clients and is a CFA charterholder. The company emphasizes the importance of having knowledgeable teams to meet evolving client needs. Fiduciary Trust International has been expanding its team recently, indicating ongoing growth and commitment to client service.
Franklin Resources, Inc. (NYSE:BEN) has acquired the US-based Investment Grade Credit team from Aviva Investors, which includes senior portfolio managers Josh Lohmeier and Michael Cho. This team manages over $7.5 billion in assets across various credit strategies. The acquisition aims to enhance Franklin Templeton Fixed Income's capabilities, particularly in investment grade credit and institutional client solutions. Tom Meyers has been appointed as SVP, Senior Director of Investments and Strategy Development, focusing on expanding Franklin Templeton's reach and offerings in the institutional market.
Legg Mason Partners Fund Advisor, LLC has announced the monthly distributions for its closed-end funds under the managed distribution policy for October and November 2021. The Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will distribute $0.04350 per share for both months. Key dates include the record date on 10/22/2021 for October and 11/22/2021 for November. The managed distribution policy may change, potentially affecting the market price of the shares.
Franklin Limited Duration Income Trust (FTF) announced a distribution of $0.0770 per common share, payable on October 15, 2021, for shareholders of record on September 30, 2021. The Fund has adopted a managed distribution plan, intending to provide a 10% annual fixed rate based on the prior month's average net asset value (NAV). However, distributions may include returns of capital or long-term capital gains if investment income is insufficient. The Board may amend or terminate the plan without prior notice, and it could adversely affect the market price of the Fund's shares.
Franklin Universal Trust (NYSE: FT) has announced a distribution of $0.0425 per share, payable on October 15, 2021, to shareholders of record as of September 30, 2021. The ex-dividend date is set for September 29, 2021. Distributions may change based on the Fund’s net investment income, and past distributions do not predict future results. Franklin Resources, Inc. (NYSE: BEN) manages over $1.5 trillion in assets, providing investment management solutions worldwide.
Franklin Limited Duration Income Trust (FTF) has declared a dividend of $0.0776 per common share, payable on September 15, 2021, to shareholders of record as of August 31, 2021. The dividend consists of an estimated $0.0420 per share in net investment income and $0.0356 per share as return of principal. The Fund follows a managed distribution plan aiming for a minimum annual distribution rate of 10% based on average monthly net asset value. Shareholders will be notified of the source of income for each dividend, with tax treatment varying for different distributions.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,572.1 billion as of August 31, 2021, up from $1,557.3 billion at the end of July 2021. This increase was driven by market performance and stable long-term net flows, despite $400 million of outflows from non-management-fee-earning credit funds in India undergoing liquidation. AUM in fixed income, equity, multi-asset, and alternatives showed consistent growth during this period.
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Templeton Global Income Fund (NYSE: GIM) has announced a monthly distribution of $0.0360 per share from net investment income, payable on September 30, 2021. This payment applies to shareholders of record on September 15, 2021, with an ex-dividend date of September 14, 2021.
The Fund operates under a managed distribution plan guaranteeing a minimum distribution rate of 7.5% per annum, calculated from its average monthly net asset value (NAV). Returns may include capital gains or return of capital, depending on available distributable income.
Franklin Resources, Inc. (NYSE:BEN) announced a quarterly cash dividend of $0.28 per share, payable on October 15, 2021, to stockholders of record as of September 30, 2021. This dividend matches the previous quarter's payment and marks a 4% increase from the same quarter last year. The company, based in California, boasts over $1.5 trillion in assets under management and serves clients in over 165 countries with comprehensive investment solutions.