On Monday, Shares of Franklin Resources, Inc. (NYSE:BEN), subtract -0.79% and closed at $33.82 in the last trading session. BEN stock opened its last trade at $34.08 and after floating in a range of $33.79 to $34.16. The company’s Market capitalization is $19.31 Billion with the total Outstanding Shares of 576.12 million. During the 52-week trading session the minimum price at which share price traded, registered at $30.56 and reached to max level of $42.23. Franklin Limited Duration Income Trust ( NYSE MKT : FTF ), a closed-end investment company managed by Franklin Advisers, Inc., declared recently that its Board has approved the adoption of a managed distribution plan whereby the Fund will, starting in January of 2017, make monthly distributions to common shareholders at an annual minimum fixed rate of 10%, based on the average monthly net asset value (NAV) of the Fund’s common shares. The Board has also authorized the Fund to conduct a tender offer, no later than the first quarter of 2017, to purchase for cash up to 15% of the Fund’s issued and outstanding common shares, at 98% of the Fund’s NAV per share. Administration and the Board continue to be very focused on the Fund’s discount and are committed to pursuing options that benefit all shareholders in the long-run.
Modification of the Discount Narrowing Program, counting Continuation of the Share Repurchase Program
The Board will continue the open-market share repurchase program formerly declared on April 20, 2016, authorizing the Fund to purchase, from time to time, up to 10% of the Fund’s common shares in open-market transactions, at the discretion of administration. In light of the tender offer, the Board is suspending the discount measurement period it declared on April 20, 2016. Consistent with the policy expressed by the Board in its declarement on April 20, 2016, however, the Board will continue to actively monitor the Fund’s discount and evaluate strategies in the context of market conditions, and anticipates to take strong measures as needed, which may include one or more of the following actions: (1) authorizing additional tender offers for a portion of the Fund’s outstanding shares; or (2) submitting to shareholders a proposal to reorganize the Fund with either an open-end or closed-end investment company; or (3) submitting to shareholders a proposal to convert the Fund to an open-end investment company.
Wendys Co (NASDAQ:WEN), jumped 0.18% and closed at $10.86 in the last trading session. WEN stock opened its last trade at $10.86 and after floating in a range of $10.87 to $10.96. The company’s Market capitalization is $2.85 Billion with the total Outstanding Shares of 261.26 million. During the 52-week trading session the minimum price at which share price traded, registered at $8.57 and reached to max level of $11.38. Just when you thought it couldn’t get any better, here comes the Swiss! Recently, Wendy’s® declares the addition of an all-new Swiss Jr. Bacon Cheeseburger to the budget-friendly 4 for $4 line up1. Lovers of the original Jr. Bacon Cheeseburger 4 for $4 Meal2 now have a new way to enjoy their favorite hamburger—making the best deal in America even better.
“Consumers have taken to social media to share their love for our 4 for $ 4 Meal, letting us know it’s the best value around,” said Liz Geraghty, Vice President of Brand Marketing at Wendy’s. “With our newest addition of the Swiss Jr. Bacon Cheeseburger, customers will experience Wendy’s great quality and taste with fresh beef3 and oven-cooked Applewood Smoked Bacon at a price that can’t be beat.”
Made with fresh, never-frozen beef3 and thick-cut Applewood Smoked Bacon, the Swiss Jr. Bacon Cheeseburger is topped with hand-leafed lettuce, fresh-cut tomato, a slice of creamy Swiss and a dollop of ranch. Then to make it a 4 for $4, we add our all white-meat chicken nuggets, small fries and a small drink—all for $4.
The choice is yours with the three great 4 for $4 Meal options counting the Swiss Jr. Bacon Cheeseburger, Jr. Bacon Cheeseburger or Crispy Chicken BLT—and what a delicious choice it is!