Articles from Franklin Resources, Inc.

Franklin Resources, Inc. (the “Company”) (NYSEBEN) today announced net income1 of $163.6 million or $0.29 per diluted share for the quarter ended December 31, 2024, as compared to net loss of $84.7 million or $0.19 per diluted share for the previous quarter, and net income of $251.3 million or $0.50 per diluted share for the quarter ended December 31, 2023. Operating income was $219.0 million for the quarter ended December 31, 2024, as compared to operating loss of $150.7 million for the previous quarter and operating income of $206.5 million for the prior year.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.58 trillion at December 31, 2024, compared to $1.65 trillion at November 30, 2024. This month's decrease in AUM reflected the impact of negative markets and long-term net outflows of $18.9 billion, inclusive of $38.0 billion of long-term net outflows at Western Asset Management1 and reinvested distributions of $17.8 billion. Excluding Western Asset Management, long-term net inflows were $19.1 billion.

On Friday, January 31, 2025 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its first quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time.

Franklin Templeton today launched a new U.S. brand campaign focused on the firm’s world class capabilities and its innovative solutions for financial professionals and their clients. The new campaign will run across financial television, targeted out-of-home locations in offices and buildings, and digital channels.

Franklin Templeton and three of its specialist investment managers were recognized in the 2024 Best Places to Work in Money Management awards announced by Pensions & Investments. Franklin Templeton was included in the Super Employers category for those with 1,000+ employees, while Brandywine Global, Clarion Partners and ClearBridge Investments were included in the Large Employers category for those with 100 to 499 employees.

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.32 per share payable on January 10, 2025 to stockholders of record holding shares of common stock at the close of business on December 30, 2024. The quarterly dividend of $0.32 per share represents a 3.2% increase over the dividends paid for the prior quarter and the same quarter last year. The Company has raised its dividend every year since 1981.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.65 trillion at November 30, 2024, compared to $1.63 trillion at October 31, 2024. This month's increase in AUM reflected the impact of positive markets, partially offset by preliminary long-term net outflows of $13 billion, inclusive of $12 billion of preliminary long-term net outflows at Western Asset Management.1

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.63 trillion at October 31, 2024, compared to $1.68 trillion at September 30, 2024. This month's decrease in AUM reflected the impact of negative markets and long-term net outflows of $18.5 billion, inclusive of the previously disclosed $17.8 billion of long-term net outflows at Western Asset Management1.

Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced preliminary net loss of $84.7 million or $0.19 per diluted share for the quarter ended September 30, 2024, as compared to net income of $174.0 million or $0.32 per diluted share for the previous quarter, and $295.5 million or $0.58 per diluted share for the quarter ended September 30, 2023. Preliminary net income1 for the fiscal year ended September 30, 2024 was $464.8 million or $0.85 per diluted share, as compared to $882.8 million or $1.72 per diluted share for the prior fiscal year. Preliminary operating loss was $150.7 million for the quarter ended September 30, 2024, as compared to operating income of $222.5 million for the previous quarter and $338.3 million for the prior year. During the quarter ended September 30, 2024, the Company impaired its indefinite-lived intangible asset related to certain mutual fund contracts managed by Western Asset Management by $389.2 million.

Franklin Templeton today announced the appointment of George Stephan to the newly created position of Global Chief Operating Officer of Wealth Management Alternatives.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.68 trillion at September 30, 2024, compared to $1.68 trillion at August 31, 2024. Long-term net outflows of $22.4 billion, inclusive of $27.9 billion of long-term net outflows at Western Asset Management,1 were partially offset by the impact of positive markets.

On Monday, November 4, 2024 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its fourth quarter and fiscal year 2024 operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.68 trillion at August 31, 2024 compared to $1.66 trillion at July 31, 2024. This month's increase in AUM reflected the impact of positive markets, partially offset by long-term net outflows of $6.3 billion, inclusive of $7.7 billion of long-term net outflows at Western Asset Management.1

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.31 per share payable on October 11, 2024 to stockholders of record holding shares of common stock at the close of business on September 30, 2024. The quarterly dividend of $0.31 per share is equivalent to the dividend paid for the prior quarter and represents a 3.3% increase over the quarterly dividend paid for the same quarter last year.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.66 trillion at July 31, 2024, compared to $1.65 trillion at June 30, 2024. This month's increase in AUM reflected the impact of positive markets partially offset by modest long-term net outflows.

Franklin Resources, Inc. (the “Company”) (NYSEBEN) today announced net income1 of $174.0 million or $0.32 per diluted share for the quarter ended June 30, 2024, as compared to $124.2 million or $0.23 per diluted share for the previous quarter, and $227.5 million or $0.44 per diluted share for the quarter ended June 30, 2023. Operating income was $222.5 million for the quarter ended June 30, 2024, as compared to $129.3 million for the previous quarter and $314.9 million for the prior year.

Franklin Resources, Inc. (NYSEBEN), a global investment management organization operating as Franklin Templeton, has selected Aladdin® by BlackRock to unify its investment management technology platform across public market asset classes.

On Friday, July 26, 2024 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its third quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.65 trillion at June 30, 2024, compared to $1.64 trillion at May 31, 2024. This month's increase in AUM reflected the impact of positive markets and flat long-term net inflows.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.64 trillion at May 31, 2024, compared to $1.60 trillion at April 30, 2024. This month's increase in AUM reflected the impact of positive markets, partially offset by modest long-term net outflows.

Lexington Partners (“Lexington”) announced a dedicated strategy and team focused on leading single-asset continuation vehicle (“CV”) transactions. In conjunction with the launch, Christophe Browne has joined Lexington as a Partner to help lead the dedicated effort.

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.31 per share payable on July 12, 2024 to stockholders of record holding shares of common stock at the close of business on June 28, 2024. The quarterly dividend of $0.31 per share is equivalent to the dividend paid for the prior quarter and represents a 3.3% increase over the quarterly dividend paid for the same quarter last year.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.60 trillion at April 30, 2024, compared to $1.64 trillion at March 31, 2024. This month's decrease in AUM reflected the impact of negative markets and slight long-term net outflows inclusive of $5.9 billion related to the $25 billion from Great-West Lifeco.

Franklin Resources, Inc. (the “Company”) (NYSEBEN) today announced net income1 of $124.2 million or $0.23 per diluted share for the quarter ended March 31, 2024, as compared to $251.3 million or $0.50 per diluted share for the previous quarter, and $194.2 million or $0.38 per diluted share for the quarter ended March 31, 2023. Operating income was $129.3 million for the quarter ended March 31, 2024, as compared to $206.5 million for the previous quarter and $255.1 million for the prior year.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.64 trillion at March 31, 2024, compared to $1.62 trillion at February 29, 2024. This month's increase in AUM reflected the impact of positive markets and long-term net inflows inclusive of $8.1 billion related to Great-West Lifeco.

On Monday, April 29, 2024 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its second quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.62 trillion at February 29, 2024, compared to $1.60 trillion at January 31, 2024. This month's increase in AUM reflected the impact of positive markets and long-term net inflows inclusive of the previously disclosed $5.5 billion in the retirement channel, partially offset by a fixed income institutional client redemption of $2.0 billion.

According to the inaugural Franklin Templeton Institute Global Investment Management Survey, the U.S. Federal Reserve will deliver four interest rate cuts this year, in line with the four cuts predicted by the futures market and one more than the three cuts projected by the Fed’s own “dot plot.” As a result, the 30-year mortgage rate is projected to fall from nearly 6.7% to roughly 5.6% by the end of 2024.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.60 trillion at January 31, 2024, compared to $1.46 trillion at December 31, 2023. This month’s increase in AUM reflected the acquisition of Putnam Investments1, partially offset by slight long-term net outflows.

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.31 per share payable on April 12, 2024 to stockholders of record holding shares of common stock at the close of business on March 28, 2024. The quarterly dividend of $0.31 per share is equivalent to the dividend paid for the prior quarter and represents a 3.3% increase over the quarterly dividend paid for the same quarter last year.

Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income1 of $251.3 million or $0.50 per diluted share for the quarter ended December 31, 2023, as compared to $295.5 million or $0.58 per diluted share for the previous quarter, and $165.6 million or $0.32 per diluted share for the quarter ended December 31, 2022. Operating income was $206.5 million for the quarter ended December 31, 2023, as compared to $338.3 million for the previous quarter and $194.0 million for the prior year.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.46 trillion at December 31, 2023, compared to $1.41 trillion at November 30, 2023. This month’s increase in AUM reflected the impact of positive markets and long-term net inflows.

On Monday, January 29, 2024 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its first quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time.

Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the successful completion on January 1, 2024 of its acquisition of Putnam Investments (“Putnam”) from Great-West Lifeco, Inc. (“Great-West”). Per the terms of the transaction, Great-West becomes a long-term shareholder in Franklin Resources, Inc., consistent with Great-West’s continuing commitment to asset management.

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.31 per share payable on January 12, 2024 to stockholders of record holding shares of common stock at the close of business on January 3, 2024. The quarterly dividend of $0.31 per share represents a 3.3% increase over the dividends paid for the prior quarter and the same quarter last year. The Company has raised its dividend every year since 1981.

Franklin Templeton, along with two of its specialist investment managers, was recognized in the 2023 Best Places to Work in Money Management program announced by Pensions & Investments. Franklin Templeton was included in the Super Employers category for those with 1,000+ employees, while Clarion Partners and ClearBridge Investments were included in the Large Employers category for those with 100 to 499 employees.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.41 trillion at November 30, 2023, compared to $1.33 trillion at October 31, 2023. This month’s increase in AUM reflected the impact of positive markets and flat long-term net outflows.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.33 trillion at October 31, 2023, compared to $1.37 trillion at September 30, 2023. This month’s decrease in AUM reflected the impact of negative markets and long-term net outflows.

Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced preliminary net income1 of $295.5 million or $0.58 per diluted share for the quarter ended September 30, 2023, as compared to $227.5 million or $0.44 per diluted share for the previous quarter, and $232.7 million or $0.46 per diluted share for the quarter ended September 30, 2022. Preliminary net income1 for the year ended September 30, 2023 was $882.8 million or $1.72 per diluted share, as compared to $1,291.9 million or $2.53 per diluted share for the prior year. Preliminary operating income was $338.3 million for the quarter ended September 30, 2023, as compared to $314.9 million for the previous quarter and $348.5 million for the prior year.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.37 trillion at September 30, 2023, compared to $1.42 trillion at August 31, 2023. This month’s decrease in AUM reflected the impact of negative markets and slight long-term net outflows.

On Tuesday, October 31, 2023 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its preliminary fourth quarter and fiscal year 2023 operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.42 trillion at August 31, 2023, compared to $1.45 trillion at July 31, 2023. This month’s decrease in AUM reflected the impact of negative markets and modest long-term net outflows.

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.30 per share payable on October 13, 2023 to stockholders of record holding shares of common stock at the close of business on September 29, 2023. The quarterly dividend of $0.30 per share is equivalent to the dividend paid for the prior quarter and represents a 3.4% increase over the quarterly dividend paid for the same quarter last year.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.45 trillion at July 31, 2023, compared to $1.43 trillion at June 30, 2023. This month's increase in AUM reflected the impact of positive markets partially offset by long-term net outflows that were approximately flat excluding a $2.1 billion institutional redemption that had minimal impact on revenue.

Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income1 of $227.5 million or $0.44 per diluted share for the quarter ended June 30, 2023, as compared to $194.2 million or $0.38 per diluted share for the previous quarter, and $256.4 million or $0.50 per diluted share for the quarter ended June 30, 2022. Operating income was $314.9 million for the quarter ended June 30, 2023, as compared to $255.1 million for the previous quarter and $404.7 million for the prior year.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1.43 trillion at June 30, 2023, compared to $1.40 trillion at May 31, 2023. This month’s increase in AUM reflected the impact of positive markets and modest long-term net inflows.

On Friday, July 28, 2023 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its third quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1,404.2 billion at May 31, 2023, compared to of $1,420.7 billion at April 30, 2023. This month’s decrease in AUM reflected the negative impact of markets and slight long-term net outflows.

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.30 per share payable on July 14, 2023 to stockholders of record holding shares of common stock at the close of business on June 30, 2023. The quarterly dividend of $0.30 per share is equivalent to the dividend paid for the prior quarter and represents a 3.4% increase over the quarterly dividend paid for the same quarter last year.

Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced a strategic partnership with Power Corporation of Canada (“Power” and, together with its subsidiaries, the “Power Group of Companies”) [TSX:POW] and Great-West Lifeco, Inc. (“Great-West”) [TSX:GWO]. The Power Group of Companies including Great-West and IGM Financial (“IGM”) [TSX:IGM] are leaders in the global insurance, retirement, asset management and wealth management sectors and have collective assets under management and/or administration (“AUM/AUA”) of approximately $2.1 trillion1. Great-West includes Empower in the US as well as Canada Life in Canada and Irish Life in Europe. IGM encompasses subsidiaries Mackenzie Financial and IG Wealth Management and also has investments in Rockefeller Capital Management and China Asset Management Co.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1,420.7 billion at April 30, 2023, compared to $1,422.1 billion at March 31, 2023. This month’s AUM reflected the positive impact of markets and flat long-term net inflows which include a low-fee $3.2 billion equity mandate, offset by cash management net outflows.

Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced that it has acquired volScout, an early-stage business delivering managed options strategies to advisors serving wealth management and institutional clients, and has hired its founding partners, Brad Berggren, Jon Orseck and Roger Weber. With this transaction, Franklin Templeton, a leading separately managed account (SMA) provider with approximately $110 billion in SMA assets under management, adds managed options strategies to its comprehensive suite of custom solutions capabilities.

Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income1 of $194.2 million or $0.38 per diluted share for the quarter ended March 31, 2023, as compared to $165.6 million or $0.32 per diluted share for the previous quarter, and $349.6 million or $0.68 per diluted share for the quarter ended March 31, 2022. Operating income was $255.1 million for the quarter ended March 31, 2023, as compared to $194.0 million for the previous quarter and $463.0 million for the prior year.

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSEEMO) (the “Fund”) today announced that, based on preliminary voting results from the Fund’s 2023 Annual Meeting of Stockholders (the “Annual Meeting”), holders of shares of the Fund’s preferred stock voted to re-elect the Fund’s nominee and existing director, Eileen A. Kamerick.

On Monday, May 1, 2023 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its second quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1,422.1 billion at March 31, 2023, compared to $1,416.5 billion at February 28, 2023. This month’s increase in AUM reflected the impact of positive markets, partially offset by long-term net outflows.

Franklin Templeton today announced the appointment of James Andrus as Vice President of Sustainability Global Markets, a newly created leadership role within the firm’s Global Sustainability Strategy Team. Andrus joins Franklin Templeton from the California Public Employees’ Retirement System (CalPERS), where he served as the Interim Managing Investment Director for Sustainable Investing and led CalPERS’ sustainable investment strategy across its US$443 billion1 investment portfolio.

Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the appointment of Dean R. Sackett III as Managing Director of Government Affairs. In this newly created role, Sackett will represent Franklin Templeton and its specialist investment managers on a variety of U.S. policy matters. He will report to Paul Elmlinger, Deputy General Counsel and Global Head of Public Policy, and be based in Washington, D.C.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1,416.5 billion at February 28, 2023, compared to $1,451.9 billion at January 31, 2023. This month’s decrease in AUM reflected the impact of negative markets, partially offset by long-term net inflows inclusive of the previously disclosed $7.5 billion institutional mandate invested across fixed income strategies.

Franklin Templeton announced today that Tony Davidow has joined the Franklin Templeton Institute as Senior Alternatives Investment Strategist. He will be responsible for developing and delivering the Franklin Templeton Institute's insights on the role and use of alternative investments. This will include independent research, presenting at industry conferences, webinars and engaging directly with key partners and clients. Davidow reports to Stephen Dover, Chief Market Strategist and Head of the Franklin Templeton Institute.

Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the appointment of Leeor P. Avigdor as Senior Vice President, Global Treasurer and Head of M&A. Avigdor will continue to be based in Franklin Templeton’s New York office and will report to Matthew Nicholls, EVP, Chief Financial Officer and Chief Operating Officer.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1,451.9 billion at January 31, 2023, compared to $1,387.7 billion at December 31, 2022. This month’s increase in AUM reflected the impact of positive markets and cash management net inflows, partially offset by modest long-term net outflows.

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.30 per share payable on April 14, 2023 to stockholders of record holding shares of common stock at the close of business on March 31, 2023. The quarterly dividend of $0.30 per share is equivalent to the dividend paid for the prior quarter and represents a 3.4% increase over the quarterly dividend paid for the same quarter last year.

Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income1 of $165.6 million or $0.32 per diluted share for the quarter ended December 31, 2022, as compared to $232.7 million or $0.46 per diluted share for the previous quarter, and $453.2 million or $0.88 per diluted share for the quarter ended December 31, 2021. Operating income was $194.0 million for the quarter ended December 31, 2022, as compared to $348.5 million for the previous quarter and $557.7 million for the prior year.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1,387.5 billion at December 31, 2022, compared to $1,410.6 billion at November 30, 2022. This month’s decrease in AUM reflected the impact of negative markets, partially offset by long-term net inflows.

On Monday, January 30, 2023 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its first quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time.

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.30 per share payable on January 13, 2023 to stockholders of record holding shares of common stock at the close of business on December 30, 2022. The quarterly dividend of $0.30 per share represents a 3.4% increase over the dividends paid for the prior quarter and the same quarter last year. The Company has raised its dividend every year since 1981.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1,410.6 billion at November 30, 2022, compared to $1,318.4 billion at October 31, 2022. This month’s increase in AUM reflected the impact of positive markets and the November 1st acquisition of Alcentra, ($34.9 billion at close), partially offset by long-term net outflows.

Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, will ring the opening bell at the New York Stock Exchange on Tuesday, November 15th to mark the 75th anniversary of the company. President and CEO Jenny Johnson, along with colleagues and board members, will be at the Stock Exchange to commemorate this important milestone.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1,318.4 billion at October 31, 2022, compared to $1,297.4 billion at September 30, 2022. This month’s increase in AUM reflected the impact of positive markets, partially offset by long-term net outflows which include the previously disclosed $2.1 billion fixed income institutional redemption that had minimal impact on revenue.

Franklin Resources, Inc. (the “Company”) (NYSEBEN) today announced preliminary net income1 of $232.7 million or $0.46 per diluted share for the quarter ended September 30, 2022, as compared to $256.4 million or $0.50 per diluted share for the previous quarter, and $665.7 million or $1.30 per diluted share for the quarter ended September 30, 2021. Preliminary net income1 for the year ended September 30, 2022 was $1,291.9 million or $2.53 per diluted share, as compared to $1,831.2 million or $3.57 per diluted share for the prior year. Preliminary operating income was $348.5 million for the quarter ended September 30, 2022, as compared to $404.7 million for the previous quarter and $531.5 million for the prior year.

Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the completion of its acquisition of BNY Alcentra Group Holdings, Inc. (together with its subsidiaries, “Alcentra”) from The Bank of New York Mellon Corporation (“BNY Mellon”) [NYSE:BK]. Alcentra is one of the largest European credit and private debt managers with $35 billion in assets under management (“AUM”) as of September 30, 2022 and has global expertise in senior secured loans, high yield bonds, private credit, structured credit, special situations and multi-strategy credit strategies.

On Tuesday, November 1, 2022 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its fourth quarter and fiscal year 2022 operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1,297.4 billion at September 30, 2022, compared to $1,387.6 billion at August 31, 2022. This month’s decrease in AUM reflected the impact of negative markets and long-term net outflows. Long-term net outflows include a $2.0 billion fixed income institutional redemption that had minimal impact on revenue.

Franklin Resources, Inc. (Franklin Templeton) (NYSEBEN) today reported preliminary month-end assets under management (AUM) of $1,387.6 billion at August 31, 2022, compared to $1,429.7 billion at July 31, 2022. This month’s decrease in AUM primarily reflected the negative impact of markets and long-term net outflows.