Franklin Resources Inc Stock Price, News & Analysis

Franklin Limited Duration Income Trust (NYSE: FTF) has issued a notification regarding its sources of distribution for the fiscal year-to-date, scheduled for payment on October 15, 2021. The estimated monthly distribution per share is $0.0770, with allocations including net investment income (53%), short-term capital gains (5%), and return of capital (42%). Cumulative estimates reveal a year-to-date distribution of $0.6268 per share. The Fund emphasizes that distributions should not be confused with investment performance, as a portion may be a return of capital.

Franklin BSP Realty Trust, Inc. and Capstead Mortgage Corporation have announced the final exchange ratio and cash consideration for their proposed merger, expected to close on October 19, 2021. Each share of Capstead Common Stock will convert into 0.3288 shares of FBRT Common Stock and receive $0.94 per share in cash from both FBRT and its external manager, Benefit Street Partners. Post-merger, FBRT shares will trade under the ticker symbol 'FBRT' on the NYSE. The merger remains subject to approval by Capstead's stockholders at a special meeting on October 15, 2021.

Franklin BSP Realty Trust and Capstead Mortgage Corporation have announced the final exchange ratio and cash consideration for their proposed merger. If completed on October 19, 2021, Capstead shareholders will receive 0.3288 shares of FBRT and cash totaling $0.94 per share. Following the merger, Capstead's common stock will cease trading on NYSE at the end of October 18, 2021. The merger still requires stockholder approval, with a special meeting scheduled for October 15, 2021.

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,530.1 billion as of September 30, 2021, down from $1,572.1 billion at August 31, 2021. This decline was due to market depreciation and slight long-term net outflows, including a $2 billion fixed income institutional redemption. For the quarter, AUM fell by $9.9 billion, influenced by redemptions in the company's products, particularly $5.4 billion from a 529 plan.

Templeton Emerging Markets Income Fund (NYSE: TEI) has announced a monthly distribution of $0.0685 per share from net investment income, payable on October 29, 2021. The distribution will benefit shareholders of record as of October 15, 2021 with an Ex-Dividend Date set for October 14, 2021. The Fund operates under a managed distribution plan, ensuring a minimum annual fixed rate of 10% based on average monthly net asset value (NAV), although success is not guaranteed. Distributions may include returns of capital or capital gains.

Templeton Global Income Fund [NYSE: GIM] has announced a monthly distribution of $0.0356 per share, set for payment on October 29, 2021. Shareholders on record as of October 15, 2021 will receive this distribution. The Fund operates under a managed distribution plan, guaranteeing a minimum annual rate of 7.5%, based on average net asset value (NAV). It aims to balance distributions through ordinary income, short-term capital gains, or, if necessary, long-term capital gains and return of capital.

AdvisorEngine has announced the hiring of three key leaders: George Tamer as Head of Sales, Suleman Din as Advisor Intelligence Lead, and Christina Esfehani as Head of Product Marketing. This move supports the company’s goal to add 25 new hires in the upcoming year, reflecting its commitment to enhancing client services. Tamer brings 25 years of wealth management expertise; Din is set to develop thought leadership in digital wealth management; and Esfehani aims to sharpen product communication. These additions signal a strategic effort to strengthen AdvisorEngine's position in the competitive market.

Franklin Resources, Inc. (NYSE:BEN) announces its acquisition of O’Shaughnessy Asset Management (OSAM), enhancing its position in the separately managed account (SMA) sector. With $130 billion in SMA assets under management, this acquisition adds OSAM’s $6.4 billion AUM and innovative Canvas® platform, supporting factor-based and custom indexing solutions. The deal is expected to improve client services through tailored investment strategies and is set to close in Q4 2021, pending customary conditions.

Benefit Street Partners Realty Trust has announced a third quarter 2021 common dividend of $0.355 per share, payable on October 1, 2021. This dividend benefits stockholders of record as of September 30, 2021. Additionally, the company is in the process of a merger with Capstead Mortgage Corporation, under an agreement dated July 25, 2021. The SEC has declared the registration statement effective as of September 3, 2021. Both companies encourage stockholders to review the relevant documents thoroughly for significant details regarding the merger.