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.
Templeton Emerging Markets Income Fund (TEI) declared a monthly distribution of $0.0747 per share from net investment income, scheduled for April 30, 2021. Shareholders of record as of April 15, 2021 will receive this payment, with an ex-dividend date set for April 14, 2021. The Fund is also exploring options for repurchase agreements and reverse repurchase agreements.
Franklin Templeton has announced its sponsorship of LPGA star Nelly Korda, winner of the Gainbridge Tournament. Korda will display the Franklin Templeton logo during LPGA tournaments in North America, Asia, and Europe, starting at the ANA Inspiration in Rancho Mirage, CA. This partnership allows the company to utilize Korda's name for marketing, including social media and meet-and-greet events. Korda, currently ranked #4 in the Rolex Women’s World Golf Rankings, is the top American golfer and a four-time LPGA Tour winner.
Franklin Limited Duration Income Trust (FTF) announced a distribution of $0.0790 per share, payable April 15, 2021, to shareholders on record as of March 31, 2021. The Fund has adopted a managed distribution plan, ensuring monthly payouts at an annual minimum fixed rate of 10% based on the average monthly net asset value (NAV). Distributions may include long-term capital gains or returns of capital if investment income is insufficient. The Board holds the authority to amend or terminate the plan, potentially impacting share prices. Shareholders will receive a Form 1099-DIV for tax reporting.
Franklin Universal Trust [NYSE: FT] has declared a distribution of $0.0320 per share, which is set to be paid on April 15, 2021, to shareholders recorded by March 31, 2021. The Ex-Dividend Date is March 30, 2021. Distributions may change based on the Fund's net investment income, with past distributions not necessarily predicting future performance. Investors should be aware of risks, such as fluctuations in bond prices and potential defaults on lower-rated bonds.
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Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,500.5 billion for February 2021, up from $1,494.4 billion in January 2021. This increase was driven by positive market impacts and long-term net inflows, which were partially offset by cash management net outflows. In terms of asset class, fixed income AUM declined to $656.7 billion, while equity AUM rose to $503.1 billion.
The company continues to navigate challenges including significant outflows from its India credit funds.
Franklin Templeton has partnered with iGrad to launch MyFi Guide™, a financial wellness platform aimed at defined contribution plan sponsors and participants. The platform includes personalized financial education courses, retirement and home affordability tools, and student loan resources. It leverages AI to enhance user engagement and tailor content to individual financial situations. This initiative addresses the financial stress faced by many Americans, as nearly 85% report financial worry. The collaboration aims to improve retirement planning through personalized financial guidance.
Templeton Global Income Fund (NYSE: GIM) has declared a monthly distribution of $0.0160 per share from net investment income. This payment is scheduled for March 31, 2021, for shareholders of record as of March 15, 2021. The ex-dividend date is set for March 12, 2021. This announcement underlines the fund's ongoing commitment to delivering consistent returns to investors.
Templeton Emerging Markets Income Fund (TEI) has declared a monthly distribution of $0.0511 per share, which is derived from net investment income. This distribution will be payable on March 31, 2021, to shareholders recorded by March 15, 2021. The Ex-Dividend Date is set for March 12, 2021.
Franklin Resources, Inc. (BEN), the parent organization of Templeton, manages approximately $1.5 trillion in assets, leveraging over 70 years of investment experience.
Clarion Partners Real Estate Income Fund has partnered with Metropolitan Realty Associates to acquire a 304,249-square-foot industrial property near Hartford, CT. The property, fully leased to a transportation company for nearly 10 years, features numerous logistics advantages, including high ceilings and ample parking. Strategically located along major highways, it can service 11.5 million people within two hours. Clarion Partners anticipates stable long-term cash flows from this investment amid a rising e-commerce trend.