Franklin Resources Inc - BEN STOCK NEWS

The Templeton Global Income Fund (NYSE: GIM) announced its estimated sources of distributions for November 30, 2021. The monthly distribution is set at $0.0355 per share, comprising $0.0128 (36%) from net investment income and $0.0227 (64%) as a return of capital. Year-to-date distributions total $0.3224 per share, with $0.2039 (63%) from net investment income. The fund has adopted a managed distribution plan targeting a fixed annual rate of 7.5% based on average NAV, allowing flexibility in the source of distributions.

On November 19, 2021, the Board of Trustees for the Legg Mason Global Infrastructure ETF (NASDAQ:INFR) approved plans to liquidate the Fund. The liquidation will take place around February 3, 2022. Following the close of business on January 5, 2022, the Fund will cease to accept creation orders. Trading will halt before market open on January 28, 2022, with shareholders receiving liquidation proceeds by February 3, 2022. Shareholders should consult tax advisers regarding the tax implications of this liquidation.

Legg Mason Partners Fund Advisor has announced distributions for its closed-end funds under a managed distribution policy for December 2021, January, and February 2022. The Western Asset Inflation-Linked Income Fund (WIA) will distribute $0.93900 per share in December, comprised of a $0.03900 regular and $0.90000 special distribution. The Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will distribute $0.54850 per share, including a $0.04850 regular and $0.50000 special distribution. All distributions are subject to adjustments by the Board of Trustees.

Franklin Universal Trust (NYSE: FT) has announced a monthly distribution of $0.0425 per share from net investment income, payable on December 15, 2021. Shareholders of record on November 30, 2021 will receive this payout, with an ex-dividend date of November 29, 2021. The Fund aims to provide high current income while preserving capital, although future distributions may vary. Accurate tax reporting will depend on the Fund's investment performance throughout the fiscal year.

Fiduciary Trust International, a subsidiary of Franklin Templeton, plans to open a new office in Atlanta, GA in early 2022. This expansion aims to enhance its presence in the Southeast, complementing existing teams in Florida and Washington, DC. Led by David W. Edmiston, the firm seeks to leverage regional growth opportunities, particularly among high-net-worth and ultra-high-net-worth clients. With over $98 billion in assets under management, Fiduciary Trust emphasizes a personalized wealth management service, drawing on nearly 90 years of experience.

Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Julio A. Lacayo and Emily Morris as wealth directors in Washington, DC. This addition aims to enhance the firm's expertise in addressing high-net-worth clients' needs, particularly concerning concerns related to higher taxes. Lacayo, with past experience at Truist, and Morris, a Certified Financial Planner, bring a wealth of knowledge to the firm. Fiduciary Trust International currently manages over $98 billion in assets.

Franklin Resources, Inc. (NYSE: BEN) has partnered with FIS to enhance its global transfer agency services. As a result, FIS will operate Franklin Templeton's transfer agent function, improving client service and operational efficiency. The transition will affect approximately 1,450 employees, providing them opportunities within FIS or a redesigned Franklin Templeton team. This strategic move aims to streamline operations post the acquisition of Legg Mason, allowing clients easier access to fund transactions. Franklin Templeton manages $1.56 trillion in assets globally.

Franklin Limited Duration Income Trust (FTF) has announced the estimated sources of distributions for the fiscal year 2021, with a distribution per share of $0.0770 on November 15, 2021. The breakdown is $0.0437 (57%) from net investment income, $0.00 (0%) from short-term capital gains, $0.00 (0%) from long-term capital gains, and $0.0333 (43%) as a return of capital. The fund aims for a minimum annual distribution rate of 10% based on average NAV, subject to continuous review. Investors are advised not to interpret these distributions as a direct reflection of investment performance.