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.
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Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of $0.0597 per share, payable on June 30, 2021, to shareholders of record by June 15, 2021. The Fund's Board has authorized a managed distribution plan, ensuring a fixed minimum annual distribution rate of 8.5% based on average monthly net asset value. This plan aims to narrow the market price discount to NAV, though success is not guaranteed. Distributions may include long-term capital gains or return of capital if net ordinary income is not sufficient.
Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of $0.0368 per share from net investment income, payable on June 30, 2021, to shareholders of record on June 15, 2021. The Fund operates under a managed distribution plan with an annual minimum fixed rate of 7.5% based on the average monthly net asset value. Distributions may include long-term capital gains or return of capital if net ordinary income is insufficient. Franklin Resources, Inc. (NYSE: BEN), the Fund's parent company, manages approximately $1.5 trillion in assets globally.
Templeton Emerging Markets Income Fund [NYSE: TEI] has announced a managed distribution plan aiming to reduce the discount between its share price and net asset value (NAV). The plan includes monthly distributions to shareholders at a minimum annual rate of 8.5% based on the Fund's average NAV. The Board of Trustees will periodically review the plan and its effectiveness. If necessary, the Fund may also distribute long-term capital gains or return of capital to meet distribution requirements. Shareholders will receive notifications detailing the source of income for distributions.
Franklin Limited Duration Income Trust (NYSE American: FTF) announced a monthly distribution of $0.0783 per common share, payable on June 15, 2021, to shareholders of record on May 28, 2021. The Fund operates under a managed distribution plan with a fixed annual rate of 10% based on the average monthly net asset value. Distributions may include capital gains and/or return of capital if investment income is insufficient. The Board retains the right to amend or terminate the plan, potentially impacting share prices. Franklin Resources, Inc. (NYSE: BEN) oversees approximately $1.5 trillion in assets under management.
Franklin Universal Trust (NYSE: FT) has announced a distribution of $0.0425 per share, payable on June 15, 2021, for shareholders of record by May 28, 2021. The Ex-Dividend Date is set for May 27, 2021. Distributions may fluctuate based on the Fund's net investment income, with past distributions not guaranteeing future trends. Shareholders are reminded of the risks associated with investments, particularly in bond prices inversely related to interest rate changes.
The Franklin Limited Duration Income Trust (FTF) has declared a dividend of $0.0783 per common share, payable on May 14, 2021, to shareholders of record as of April 30, 2021.
Of this dividend, $0.0516 per share is net investment income and $0.0267 per share is a return of principal. The Fund has adopted a managed distribution plan, committing to a fixed minimum annual distribution of 10% based on its average monthly net asset value. However, the plan's success to reduce market price discount is not guaranteed.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,529.3 billion as of April 30, 2021, a rise from $1,498.9 billion at March 31, 2021. This growth was primarily driven by market performance, with approximately flat long-term net flows. However, net outflows included around $400 million from India credit funds undergoing liquidation. The AUM breakdown shows Fixed Income at $651.1 billion, Equity at $531.2 billion, and long-term assets at $1,468.9 billion.
Franklin Resources, Inc. (NYSE: BEN) reported a strong financial performance for the quarter ending March 31, 2021. Net income surged to $381.8 million or $0.74 per diluted share, marking an 11% increase from the previous quarter. Adjusted net income reached $403.5 million with diluted earnings per share of $0.79, an 8% rise quarter-over-quarter. Operating revenues rose by 4% to $2.08 billion, a significant 58% increase year-over-year. The firm experienced positive net inflows in alternative assets totaling $6.2 billion, doubling the previous quarter. Total assets under management stood at $1.498 trillion.
Templeton Emerging Markets Income Fund (TEI) announced a monthly distribution of $0.0852 per share from net investment income, payable on May 28, 2021. Shareholders of record will be those noted on May 17, 2021, with an Ex-Dividend Date set for May 14, 2021. This distribution reflects the fund's commitment to returning income to its investors. Additionally, Franklin Resources, Inc. (BEN), the fund's management organization, has a significant presence in the investment sector, boasting over $1.5 trillion in assets under management.