Legg Mason, Inc.

Equities

LM

US5249011058

Investment Management & Fund Operators

Delayed Nyse Other stock markets 04:10:00 2020-07-31 pm EDT			5-day change	1st Jan Change
49.99 ^USD	-.--%		+0.02%	+39.21%

2021	Market Chatter: Lloyds Banking Reportedly Reaches Deal to Acquire Embark for 400 Million Pounds	MT
2021	Wells Fargo sells asset management arm to private equity firms for $2.1 billion	RE

Legg Mason : Jenny Johnson Client Letter

July 31, 2020 at 05:26 pm EDT

Franklin Templeton

Distributors, Inc.

One Franklin Parkway

San Mateo, CA 94403-1906

tel (800) DIAL BEN/342-5236 franklintempleton.com

July 31, 2020

Dear Valued Client:

I'm pleased to inform you that on Friday, July 31st, Franklin Templeton successfully completed its acquisition of Legg Mason, representing the largest and most significant transaction in Franklin Templeton's history. Our newly combined organization brings together over 1,300 investment professionals, covering multiple asset classes and managing US$1.4 trillion in client assets. Today, our combined organization offers an exceptional array of investment strategies that we believe help us fulfill our mission to deliver better financial outcomes for our clients.

There is a tremendous amount of excitement and energy throughout our new organization, and for good reason!

Our Specialist Investment Managers bring complementary strengths to Franklin Templeton's investment teams and together provide our clients with a broader and more diversified range of strategies to meet specific needs.
Our combined investments in new technologies keep us at the forefront of innovations that can help transform our industry.
Our culture is as strong as ever and unified by our collective commitment to helping our clients achieve their financial goals.

In summary, this year we have witnessed the world transform in many unforeseen ways. Despite the tumult around us, we are pleased to report that Franklin Templeton is more energized and more focused than ever on exceeding our clients' expectations.

Sincerely,

Jenny Johnson

President and CEO

Franklin Templeton

Not FDIC Insured | May Lose Value | No Bank Guarantee

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Legg Mason Inc. published this content on 31 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2020 21:26:17 UTC

Latest news about Legg Mason, Inc.

Market Chatter: Lloyds Banking Reportedly Reaches Deal to Acquire Embark for 400 Million Pounds	21-07-28	MT
Wells Fargo sells asset management arm to private equity firms for $2.1 billion	21-02-23	RE
Wells Fargo mpany : to Sell Asset Management Unit to GTCR, Reverance Capital Partners for $2.1 Billion	21-02-23	MT
Wells Fargo mpany : to Sell Asset Management for $2.1 Billion -- Update	21-02-23	DJ
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Legg Mason, Inc.(NYSE:LM) dropped from S&P Global BMI Index	20-08-03	CI
Legg Mason, Inc.(NYSE:LM) dropped from S&P TMI Index	20-08-03	CI
Legg Mason, Inc.(NYSE:LM) dropped from S&P 400 Financials	20-08-03	CI
Legg Mason, Inc.(NYSE:LM) dropped from S&P 1000	20-08-03	CI
Legg Mason, Inc.(NYSE:LM) dropped from S&P 400	20-08-03	CI
Legg Mason, Inc.(NYSE:LM) dropped from S&P Capital Markets Select Industry Index	20-08-03	CI
Legg Mason, Inc.(NYSE:LM) dropped from S&P Composite 1500	20-08-03	CI
Legg Mason, Inc. Terminates the Credit Agreement	20-07-31	CI
Legg Mason, Inc. Announces Board and Executive Changes	20-07-31	CI
Legg Mason, Inc. Appoints Matthew Nicholls as Chief Executive Officer	20-07-31	CI
Legg Mason, Inc. Appoints Gwen L. Shaneyfelt as Chief Financial Officer	20-07-31	CI
Franklin Resources, Inc. completed the acquisition of Legg Mason, Inc. (NYSE:LM) from funds managed by Trian Fund Management, L.P. and others.	20-07-30	CI
The management of Entrust Global LLC completed the acquisition of 65% stake in Entrust Global LLC from Legg Mason, Inc. (NYSE:LM) for $50 million.	20-07-30	CI
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Company Profile

Legg Mason, Inc. (Legg Mason) is United States-based company. The Company helps investors globally achieve financial outcomes by expanding choice across investment strategies, vehicles, and investor access through independent investment managers with diverse in equity, fixed income, alternative and liquidity investments. Legg Masonâs investment affiliates operate with investment independence, asset classes and markets around the globe. Its affiliates includes, Brandywine Global, Clarion Partners, ClearBridge Investments, Martin Currie, QS Investors, Royce Investment Partners, and Western Asset.

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