Welcome to our dedicated page for Franklin Resources news (Ticker: BEN), a resource for investors and traders seeking the latest updates and insights on Franklin Resources 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.
On August 3, 2021, Franklin Resources, Inc. (NYSE:BEN) will announce its third-quarter 2021 operating results at 8:30 a.m. Eastern Time, alongside a written commentary available through its investor relations website. A live teleconference hosted by executives, including CEO Jenny Johnson and CFO Matthew Nicholls, will follow at 11:00 a.m. for in-depth Q&A. Investors can also access a replay of the teleconference until August 10, 2021. The Company, known for its investment management services globally, manages over $1.5 trillion in assets as of May 31, 2021.
Franklin Templeton has partnered with vWise, Inc. to enhance retirement outcomes in Defined Contribution Plans using advanced technology and predictive analytics. Their collaboration leverages Franklin Templeton's Goals Optimization Engine (GOETM) and vWise's Experience Platform to deliver personalized investment solutions. This initiative aims to increase participant engagement and optimize retirement strategies through customized communication and data-driven insights. Additionally, Mary Beth Glotzbach from Franklin Templeton has joined vWise's board to further this collaborative effort.
Templeton Emerging Markets Income Fund (TEI) announced a monthly distribution of $0.0606 per share from net investment income, payable on July 30, 2021, to shareholders of record as of July 15, 2021. The Fund has implemented a managed distribution plan that guarantees a minimum annual distribution rate of 8.5%, based on average net asset value (NAV). While aimed at providing consistent distributions, there is no assurance the Plan will succeed in reducing the market price discount to NAV. Distributions may also include long-term capital gains or return of capital.
Templeton Global Income Fund (GIM) announced a monthly distribution of $0.0370 per share to shareholders, payable on July 30, 2021. Shareholders of record by July 15, 2021, will receive this payment, with an ex-dividend date of July 14, 2021. The Fund operates under a managed distribution plan, aiming for a 7.5% annual minimum rate based on its net asset value (NAV). Distributions may include net ordinary income, short-term capital gains, or returns of capital, and are subject to periodic review. Franklin Resources, Inc. (BEN) manages the Fund with over $1.5 trillion in assets.
Franklin Templeton's Western Asset Diversified Income Fund has successfully raised $1 billion in its IPO by selling 50 million shares at $20 each. Trading commenced on June 25, 2021, under the symbol WDI, with the offering expected to close on June 29, 2021. The Fund aims for high current income and capital appreciation, leveraging Western Asset's extensive $476.3 billion in AUM. The underwriters also have an option to purchase an additional 6,833,830 shares, potentially raising total funds to about $1.137 billion.
Franklin Limited Duration Income Trust (FTF) declared a monthly distribution of $0.0780 per common share, payable on July 15, 2021, to shareholders of record as of June 30, 2021. This follows the Fund's managed distribution plan, which provides a fixed annual minimum rate of 10% based on the average monthly net asset value (NAV). The Fund may distribute long-term capital gains or return of capital if sufficient investment income is unavailable. The plan's terms can be amended or terminated at any time, potentially affecting market prices.
Franklin Universal Trust (NYSE: FT) has announced a distribution of $0.0425 per share, slated for payment on July 15, 2021. Shareholders of record by June 30, 2021 will be eligible, with an ex-dividend date of June 29, 2021. The amount of future distributions may vary based on the trust's net investment income. Investors are advised that past distributions are not indicative of future results and to be aware of the risks associated with investments, including potential loss of principal.
Fiduciary Trust International has appointed Brian D. Conboy as the new director of estate administration and trust counsel. Conboy, who joined the firm in 2016, previously served as managing director, overseeing complex trusts and estates. His leadership aims to enhance the firm’s estate administration services, ensuring the protection and proper transition of clients' estates. With over $94 billion in assets under management, Fiduciary Trust continues to expand its expertise in trust and estate services. Conboy holds a JD from Hofstra University and has a robust background in estate planning.
The Franklin Limited Duration Income Trust (FTF) declared a dividend of $0.0783 per common share, payable on June 15, 2021. This includes $0.0366 per share from net investment income and $0.0417 from return of principal. The Trust's managed distribution plan aims for a fixed annual rate of 10% based on average monthly net asset value (NAV). Distributions may include capital gains or return of capital if investment income is insufficient. The plan is subject to Board review and may be amended or terminated without notice.
Franklin Templeton's Voice of the American Worker Survey reveals that 82% of respondents believe retirement paths are diversifying, with 88% agreeing there is no single way to retire. The survey emphasizes the importance of integrating financial, mental, and physical health, with 74% associating financial wellbeing with overall wellness. Workers favor holistic financial resources, reflecting a demand for programs that guide financial independence. Conducted by The Harris Poll, the survey involved 1,007 employed U.S. adults and aligns with Franklin Templeton's Retirement Innovation Initiative aimed at enhancing retirement strategies.