OREANDA-NEWS. Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income1 of $446.4 million or $0.77 per diluted share for the quarter ended June 30, 2016, as compared to $360.4 million or $0.61 per diluted share for the previous quarter and $504.2 million or $0.82 per diluted share for the quarter ended June 30, 2015.

“Performance for a number of our key strategies continued to improve,” said Greg Johnson, Chairman and CEO of Franklin Resources, Inc. “We were encouraged to see a modest improvement for quarterly flows, as well as better operating results compared with the previous quarter, demonstrating our commitment to expense management. In addition, we continue to strategically invest in the business, most recently with the launch of LibertyShares, our strategic beta and active ETF platform.”

Total assets under management (“AUM”) were $732.1 billion at June 30, 2016, down $10.5 billion or 1% during the quarter primarily due to $19.2 billion of net new outflows partially offset by $9.8 billion of market appreciation and other. Cash and cash equivalents and investments were $10.7 billion at June 30, 2016, as compared to $10.6 billion at September 30, 2015. Total stockholders’ equity was $12.4 billion at June 30, 2016, as compared to $12.5 billion at September 30, 2015. The Company had 576.8 million shares of common stock outstanding at June 30, 2016, as compared to 603.5 million shares outstanding at September 30, 2015. During the quarter ended June 30, 2016, the Company repurchased 9.3 million shares of its common stock for a total cost of $326.7 million.

Franklin Resources, Inc. is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 180 countries. Through specialized teams, the Company has expertise across all asset classes – including equity, fixed income, alternative and custom solutions. The Company’s more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the Californiabased company has more than 65 years of investment experience and $732.1 billion in AUM as of June 30, 2016. The Company posts information that may be significant for investors in the Investor Relations and News Center sections of its website, and encourages investors to consult those sections regularly.