Franklin Resources, Inc. to Withdraw NYSE Arca, Inc. Listing; Retains NYSE and London Stock Exchange Listings.SAN MATEO, Calif. -- Franklin Resources, Inc. (Franklin Templeton Investments Franklin Resources Inc. NYSE: BEN is an investment firm originally founded in New York in 1947 as Franklin Distributors, Inc. It is listed on the NYSE under the ticker BEN as in Benjamin Franklin, whom founder Charlie Johnson admired. ) (NYSE NYSE See: New York Stock Exchange :BEN) today announced that it intends to withdraw its common stock from listing on NYSE Arca, Inc. (formerly the Pacific Exchange). The company's common stock continues to be listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , its principal listing exchange, and the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . The company is withdrawing its NYSE Arca listing in order to reduce duplicative administrative burdens and costs. Franklin Resources, Inc. is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams. The San Mateo, CA-based company has more than 50 years of investment experience and over $494 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. as of July 31, 2006. For more information, please call 1-800/DIAL BEN(R) (1-800-342-5236) or visit franklintempleton.com. |
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