Franklin Resources, Inc. - BEN STOCK NEWS

Templeton Emerging Markets Income Fund (NYSE: TEI) announced estimated sources of its August 2022 distribution of $0.0463 per share. Of this, 73% is derived from net investment income, while 27% represents a return of capital. For the fiscal year to date, the total distribution per share is $0.4264, consisting of 60% net investment income and 40% return of capital. Shareholders are cautioned against interpreting distribution amounts as an indicator of investment performance, as returns of capital may occur and do not reflect yield. The managed distribution plan aims for a fixed annual rate of 10% but carries no guarantees.

Franklin Universal Trust (NYSE: FT) announced the estimated sources of distributions for the month ending August 31, 2022. The August monthly distribution is $0.0425 per share, with net investment income contributing $0.0310 (73%) and a return of capital of $0.0115 (27%). For the fiscal year-to-date, the cumulative distribution is $0.5067 per share, primarily from net investment income (74%). Shareholders are advised that a portion of the distribution may consist of a return of capital, which does not reflect the fund’s investment performance.

Franklin Limited Duration Income Trust (FTF) announced its estimated sources for the upcoming distribution on August 31, 2022. The distribution per share is estimated at $0.0613, with 92% attributed to net investment income. Cumulative distributions for the fiscal year-to-date stand at $0.4809 with a significant portion, 42%, being a return of capital. The Fund's annualized distribution rate is pegged at 9.81%. Investors are advised that distributions may not reflect overall investment performance.

Franklin Resources, Inc. (NYSE: BEN) declared a quarterly cash dividend of $0.29 per share, payable on October 14, 2022. This dividend, unchanged from the previous quarter, marks an approximate 4% increase compared to the same quarter last year. The record date for stockholders is September 30, 2022. Franklin Templeton, the operating subsidiary, manages about $1.4 trillion in assets globally, providing investment management across multiple asset classes for clients in over 155 countries.

Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Sam Fraenkel as a wealth director in Coral Gables, Florida. With extensive investment experience, Fraenkel aims to enhance client service in a growing South Florida market. His prior roles include head of mergers and acquisitions at REDZONE and head of equity research at Beacon Trust. The firm emphasizes its commitment to personalized wealth management and currently oversees more than $86 billion in assets.

Clarion Partners Real Estate Income Fund has acquired the Rojas East Distribution Center in El Paso, Texas, adding two fully leased warehouse buildings totaling 369,310 square feet. The transaction, facilitated by JLL Capital Markets and Hunt Southwest, positions CPREIF to benefit from El Paso's strong international trade ties, with over $123 billion in cross-border commerce in 2021. The property offers Class A specifications and is strategically located near key logistics routes, enhancing its potential for future growth.

Fiduciary Trust International, a global wealth manager and subsidiary of Franklin Templeton, has appointed Mindy Johnson as managing director and relationship manager for custody services in St. Petersburg, FL. Johnson brings nearly two decades of experience with public pension plans and institutional clients, enhancing the firm's growth in these sectors. The firm manages over $86 billion in assets, emphasizing strategic wealth planning and custody services. Johnson's expertise is expected to strengthen client relationships and service offerings, benefiting public pension plans and family offices.

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,429.7 billion as of July 31, 2022, up from $1,379.8 billion as of June 30, 2022. The increase was primarily due to market performance, though it was partially countered by long-term net outflows. By asset class, fixed income accounts for $546.9 billion, equity $454.0 billion, alternatives $225.7 billion, and multi-asset $143.8 billion. The company emphasizes investment management expertise and operates globally, with $172 million in remaining AUM from closed India credit funds.

Envestnet's Institute On Campus (EIOC) program achieved a record participation of 882 students in spring 2022, with 25% being first-generation college students. The program has trained over 6,000 students since its inception in 2015, exceeding its initial goal. Franklin Templeton has become a new sponsor, enhancing the curriculum with topics like sustainable investing and providing access to training resources. The EIOC aims to foster industry diversity and prepare participants for careers in wealth management.