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Franklin Resources Management Discusses Q3 2012 Results - Pre Recorded Earnings Call Transcript

Franklin Resources (BEN)

Q3 2012 Pre Recorded Earnings Call

July 30, 2012 8:30 am ET

Executives

Gregory Eugene Johnson - Chief Executive Officer, President, and Director

Kenneth Allan Lewis - Chief Financial Officer, Principal Accounting officer and Executive Vice President

Presentation

Operator

Welcome to Franklin Resources Earnings Commentary for the quarter ended June 30, 2012.

Statements made in this commentary regarding Franklin Resources Inc., which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from any future results expressed or implied by such forward-looking statements. These and other risks, uncertainties and other important factors are described in more detail in Franklin's recent filings with the Securities and Exchange Commission, including in the Risk Factors and MD&A sections of Franklin's most recent Form 10-K and 10-Q filings. This commentary was prerecorded.

Gregory Eugene Johnson

Hello, and welcome to the third quarter earnings commentary. I'm Greg Johnson, CEO; along with Ken Lewis, our CFO. We're pleased to report another strong quarter of results despite persistent global market headwinds. Most importantly, relative investment performance remains solid across all time periods.

Long-term net new flows were $4.7 billion, reflecting continued penetration of our global investment capabilities into institutional distribution channels. And profitability remains strong, as did capital management for a combination of opportunistic share repurchases, and cash dividends have returned $1.7 billion or 92% of net income to shareholders over the trailing 4 quarters.

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