Franklin Resources, Inc. - BEN STOCK NEWS

The Templeton Global Income Fund (GIM) has announced a monthly distribution of $0.0352 per share, scheduled for June 30, 2022. Of this amount, $0.0161 (46%) is derived from net investment income, and $0.0191 (54%) is classified as a return of capital. Year-to-date, the cumulative distribution per share stands at $0.1765, with a return of capital comprising 64%. Shareholders are cautioned that returns of capital may not reflect the fund's investment performance. The fund is under a managed distribution plan aiming for an annual minimum rate of 8% based on NAV.

The Templeton Emerging Markets Income Fund (NYSE: TEI) has announced its estimated sources of distributions for the monthly distribution scheduled on June 30, 2022. The per-share distribution is set at $0.0590, with 57% attributed to net investment income and 43% as a return of capital. Cumulatively for the fiscal year-to-date, the total distribution is $0.3148 per share, consisting of 58% net investment income and 42% return of capital. The Fund operates under a managed distribution plan targeting a minimum annual distribution rate of 10% based on average NAV.

Franklin Universal Trust (NYSE: FT) has notified that its estimated sources of distributions for the fiscal year 2022, up to May 31, include a monthly distribution of $0.0425 per share, with 98% attributed to net investment income. The cumulative distribution for the fiscal year-to-date is $0.4217 per share, with 69% from net investment income. It is emphasized that a portion may be a return of capital, not reflecting investment performance. The Fund aims for high current income and capital preservation. Investors should expect variability in future distributions.

Franklin Templeton has appointed John Ivanac as Senior Vice President and Consultant Adviser for US Institutional Services, focusing on alternative investments. Based in New York City, he reports to Mike Foley. Ivanac brings over 17 years of experience, previously serving at Partners Group and BlackRock. The firm aims to enhance its alternative asset management capabilities, with total alternative AUM projected to reach $257 billion following its acquisition of Alcentra. This strategic move underscores Franklin Templeton's commitment to institutional investors.

Fiduciary Trust International, part of Franklin Templeton, has appointed Amy Ko as regional managing director for Northern California. Ko, a seasoned wealth advisor, aims to strengthen client relationships and enhance services in the region, which has seen significant growth for the firm. Since joining in November 2020, she has worked with various professionals, particularly in technology and life sciences sectors. Fiduciary Trust International has a history of strong roots in Northern California, managing assets worth $98 billion as of March 31, 2022.

The Templeton Global Income Fund (NYSE: GIM) announced the filing of a Stipulation and Proposed Order with the U.S. District Court for the Southern District of New York to resolve their request for a temporary restraining order. This concerns the certification of results from the Fund's Annual Meeting held on June 6, 2022. The agreement prevents certification of the meeting results and the seating of Saba Capital Management's nominees until the Court rules on the Fund's request for injunctive relief. The Fund alleges that Saba made undisclosed arrangements to pay a premium to a large institutional shareholder before the meeting.

Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Abby Axelrod as the philanthropic director for family office services, foundations, and endowments. With extensive experience in nonprofit and family foundation sectors, Axelrod aims to enhance the firm's nationwide philanthropic strategy and support. She previously held key roles in charitable giving and consulting and is recognized in the nonprofit community. The firm, managing over $98 billion in assets, focuses on strategic wealth planning, investment management, and trust services.

Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Peter Niedland, CFA, as a managing director and senior portfolio manager in its Radnor office. With over 29 years in finance, Niedland's expertise includes investing in small public companies. He previously worked at Maplewood Capital and Turner Investments. The firm, which manages over $98 billion in assets, aims to enhance its client services in the Philadelphia market by adding skilled investment experts.

Franklin Templeton released a new insights paper addressing the challenges in the food and agriculture sector due to climate change and geopolitical tensions. The report highlights that food prices have surged over 30% due to the Ukraine war and COVID-19-induced inflation, costing an additional US$42 million monthly for vulnerable populations. Investment opportunities in technologies such as vertical farming and regenerative agriculture are emphasized, potentially generating US$10 trillion by 2030. NYSE:BEN continues to see value in sustainable agricultural practices.