Manning & Napier, Inc. to Report First Quarter Results; Announces March 31, 2022 Assets Under Management

Rhea-AI Summary

Manning & Napier (NYSE: MN) will release its first quarter 2022 financial results on May 10, 2022, alongside its 10-Q filing. The company will not host a conference call due to its acquisition by Callodine Group. As of March 31, 2022, Manning & Napier reported $20.6 billion in assets under management, which includes $14.9 billion in separately managed accounts and $5.7 billion in mutual funds. Founded in 1970, the firm offers various investment solutions and serves a diverse client base, including individuals and institutions.

FAIRPORT, N.Y., April 12, 2022 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today announced that it expects to release its first quarter 2022 financial results on Tuesday, May 10^th, 2022, in conjunction with its related 10-Q filing. In light of the previously announced definitive agreement to be acquired by Callodine Group, the Company will not host a conference call to discuss first quarter 2022 financial results. 

Assets Under Management
The Company also announced that preliminary March 31, 2022 assets under management ("AUM") were $20.6 billion, which included approximately $14.9 billion in separately managed accounts and approximately $5.7 billion in mutual funds and collective investment trusts.

About Manning & Napier, Inc.
Manning & Napier (NYSE: MN) provides a broad range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity, fixed income and alternative strategies, as well as a range of blended asset portfolios, including life cycle funds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems. We are headquartered in Fairport, NY and had 279 employees as of December 31, 2021.

Safe Harbor Statement
This press release and other statements that the Company may make may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the Company's current views with respect to, among other things, its operations and financial performance. Words like "believes," "expects," "may," "estimates," "will," "should," "intends," "plans," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, are used to identify forward-looking statements, although not all forward-looking statements contain these words. Although the Company believes that it is basing its expectations and beliefs on reasonable assumptions within the bounds of what it currently knows about its business and operations, there can be no assurance that its actual results will not differ materially from what the Company expects or believes. Some of the factors that could cause the Company's actual results to differ from its expectations or beliefs include, without limitation: changes in securities or financial markets or general economic conditions; the impact of COVID-19 on the U.S. and global economy; a decline in the performance of the Company's products; client sales and redemption activity; any loss of an executive officer or key personnel; changes in the Company's business related to strategic acquisitions and other transactions; the Company's ability to successfully deploy new technology platforms and upgrades; changes of government policy or regulations; and other risks discussed from time to time in the Company's filings with the Securities and Exchange Commission.

Contacts
Investor Relations Contact
Emily Blum
Prosek Partners
973-464-5240
eblum@prosek.com

Public Relations Contact
Nicole Kingsley Brunner
Manning & Napier, Inc.
585-325-6880
nbrunner@manning-napier.com

 

 

 

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SOURCE Manning & Napier, Inc.

FAQ

When will Manning & Napier report its first quarter 2022 financial results?

Manning & Napier will report its first quarter 2022 financial results on May 10, 2022.

What are the assets under management for Manning & Napier as of March 31, 2022?

As of March 31, 2022, Manning & Napier reported assets under management of $20.6 billion.

Will there be a conference call for the first quarter 2022 financial results of MN?

No, Manning & Napier will not host a conference call for its first quarter 2022 financial results.

What is the significance of the acquisition by Callodine Group for MN?

The acquisition by Callodine Group means that Manning & Napier will not conduct a conference call for its financial results.

How much of the AUM is in separately managed accounts for Manning & Napier?

Approximately $14.9 billion of Manning & Napier's assets under management is in separately managed accounts.