Franklin Resources (BEN) said its Board of Directors has authorized the company to repurchase, from time to time, up to an additional 20.8M shares of its common stock in either open market or private transactions, for a total of up to 40M shares available for repurchase. The new share authorization is in addition to the existing authorization, of which approximately 19.2M shares remained available for repurchase at November 30, 2025. The size and timing of these purchases will depend on price, market and business conditions and other factors. The stock repurchase program is not subject to an expiration date. Shares repurchased under the stock repurchase program are retired.
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