Franklin Resources, Inc. - BEN STOCK NEWS

The Templeton Emerging Markets Income Fund (NYSE: TEI) announced estimated sources of distributions for February 28, 2022. The per-share distribution is set at $0.0633, with 65% attributed to net investment income and 35% as a return of capital. Cumulative allocations indicate a year-to-date distribution of $0.0648. The Fund's Board of Trustees has authorized a managed distribution plan of a fixed minimum annual rate of 10%. Estimated performance metrics show a -2.27% average annual total return over five years, and a 9.90% annualized distribution rate through January 31, 2022.

Templeton Global Income Fund (GIM) announced on February 25, 2022, the estimated sources of its distribution scheduled for February 28, 2022. The monthly distribution per share is $0.0342, comprising 42% net investment income, 0% net realized short-term capital gains, 0% net realized long-term capital gains, and 58% return of capital. Year-to-date distributions total $0.0345 per share, with 14% from net investment income and 86% from return of capital. The Fund operates under a managed distribution plan aiming for a minimum annual rate of 7.5% but may amend or terminate it without prior notice.

Franklin Universal Trust (NYSE: FT) announced its estimated sources for distributions reaching $0.0425 per share on February 28, 2022. This total includes $0.0244 (57%) from net investment income and $0.0173 (41%) as a return of capital. Year-to-date, as of January 31, 2022, the cumulative distribution stands at $0.2517 per share, with 61% from net investment income. The fund's objectives focus on providing high current income while preserving capital, with an annualized distribution rate of 5.88% against NAV. Shareholders are reminded that part of the distribution may represent a return of capital.

Franklin Resources, Inc. (NYSE:BEN) has declared a quarterly cash dividend of $0.29 per share, payable on April 14, 2022, to shareholders on record as of March 31, 2022. This dividend matches the previous quarter's amount and reflects an approximate 4% increase over the same quarter last year. As of January 31, 2022, Franklin Templeton manages over $1.5 trillion in assets, highlighting its substantial presence in investment management.

Franklin Limited Duration Income Trust (FTF) announced the results of its transferable rights offering, issuing approximately 10,250,000 common shares at a subscription price of $7.61, 90% of its net asset value as of February 17, 2022. The offering was over-subscribed, generating gross proceeds of approximately $78 million. Common shares are expected to be issued around February 24, 2022. Investors are advised to consider associated risks, including interest rate movements and bond price fluctuations, before investing.

FRANKLIN LIMITED DURATION INCOME TRUST (FTF) announced the preliminary results of its transferable rights offering, expected to issue approximately 10,250,000 common shares. The final subscription price was set at $7.61, reflecting 90% of the Fund's net asset value. The offering was over-subscribed, anticipating gross proceeds of around $78 million. Common shares are expected to be issued on February 24, 2022, after completing pro rata allocation and receipt of shareholder payments.

Legg Mason Partners Fund Advisor, LLC announced distributions for closed-end funds under its managed distribution policy for March to May 2022. Key dates include March 24 for record, March 23 as ex-dividend, and March 31 for payable. The Western Asset Inflation-Linked Income Fund (WIA) will distribute $0.03900 in March and a special $0.17200. Meanwhile, the Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will distribute $0.04850 and a special $0.06500 in March. Distributions may be adjusted based on the funds' net investment income and capital gains.