MMU · Western Asset Managed Municipals Fund Inc.

Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.79 trillion at June 30, 2026, compared to $1.78 trillion at May 31, 2026. This month’s increase in preliminary AUM reflected long-term net inflows of $9 billion, partially offset by the net impact of market, distributions, and other. Long-term flows at Western Asset Management 1 were flat. For the quarter ended June 30, 2026, preliminary AUM reflected the positive impact of markets and long-term net inflows of $18 billion, inclusive of $1 billion of long-term net outflows at Western Asset Management 1 . Excluding Western Asset Management, long-term net inflows were $19 billion. Preliminary average AUM for the quarter was $1.75 trillion. By Asset Class: (In USD billions) Preliminary 30-Jun-26 31-May-26 31-Mar-26 31-Dec-25 30-Jun-25 Equity $756.8 $752.6 $669.7 $697.2 $656.6 Fixed Income 441.3 440.4 434.3 437.7 441.7 Alternative 2 290.7 289.4 282.8 273.8

On Friday, July 31 st at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its third quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time. In addition, Jenny Johnson, CEO; Matthew Nicholls, Co-President, CFO and COO; and Daniel Gamba, Co-President and Chief Commercial Officer, will lead a live teleconference at 10:00 a.m. Eastern Time to answer questions. Access to the teleconference will be available via investors.franklinresources.com or by dialing (+1) 877-407-0989 in North America or (+1) 201-389-0921 in other locations. A replay of the teleconference can also be accessed by calling (+1) 877-660-6853 in North America or (+1) 201-612-7415 in other locations using access code 13761569 after 2:00 p.m. Eastern Time on July 31, 2026 through August 7, 2026, or via investors.franklinresources.com. Analysts and investors are

Actively managed ETF invests predominantly in investment grade CLO debt tranches across U.S. and European markets Franklin Templeton, a global investment leader, today announced the launch of the Franklin BSP CLO ETF (YCLO or the Fund), an actively managed CLO ETF designed to seek capital preservation and current income by investing predominantly in investment grade collateralized loan obligation (CLO) debt tranches across U.S. and European markets. The Fund is managed by Franklin Advisers, Inc., with sub-advisory services provided by Benefit Street Partners (BSP), Franklin Templeton’s alternative credit specialist investment manager. The Fund draws on the scale and depth of BSP’s Structured Credit platform, which was founded in 2009 and manages over $9 billion of AUM. The strategy is led by Cathy Bevan and Brandon Chao, who each have more than 20 years of industry experience and have worked together for nearly a decade. The team invests using rigorous credit underwriting, portfolio

Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.78 trillion at May 31, 2026, compared to $1.75 trillion at April 30, 2026. This month’s increase in preliminary AUM reflected the positive impact of markets and long-term net inflows of $4 billion, inclusive of $1 billion of long-term net inflows at Western Asset Management 1 . By Asset Class: (In USD billions) Preliminary 31-May-26 30-Apr-26 31-Mar-26 31-Dec-25 31-May-25 Equity $751.5 $724.3 $669.7 $697.2 $630.8 Fixed Income 440.7 437.5 434.3 437.7 438.9 Alternative 289.5 287.5 282.8 273.8 254.4 Multi-Asset 219.1 217.2 207.5 198.8 178.3 Long Term: 1,700.8 1,666.5 1,594.3 1,607.5 1,502.4 Cash Management 78.8 79.9 87.8 76.5 71.0 Total Ending AUM $1,779.6 $1,746.4 $1,682.1 $1,684.0 $1,573.4 1 As of May 31, 2026, Western Asset Management had preliminary AUM of $216 billion, compared to $216 billion at April 30, 2026. This month’s preliminary AUM reflected the

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.33 per share payable on July 10, 2026 to stockholders of record holding shares of common stock at the close of business on June 29, 2026. The quarterly dividend of $0.33 per share is equivalent to the dividend paid for the prior quarter and represents a 3.1% increase over the quarterly dividend paid for the same quarter last year. About Franklin Templeton Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity. To learn more, visit franklintempleton.com and follow

Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.74 trillion at April 30, 2026, compared to $1.68 trillion at March 31, 2026. This month’s increase in preliminary AUM reflected the positive impact of markets and long-term net inflows of $4 billion, inclusive of $1 billion of long-term net outflows at Western Asset Management 1 . Excluding Western Asset Management, preliminary long-term net inflows were $5 billion. By Asset Class: (In USD billions) Preliminary 30-Apr-26 31-Mar-26 31-Dec-25 30-Sep-25 30-Apr-25 Equity $724.0 $669.7 $697.2 $686.2 $596.6 Fixed Income 437.2 434.3 437.7 438.7 440.3 Alternative 286.0 282.8 273.8 263.9 253.6 Multi-Asset 217.4 207.5 198.8 193.9 173.7 Long Term: 1,664.6 1,594.3 1,607.5 1,582.7 1,464.2 Cash Management 79.9 87.8 76.5 78.5 70.8 Total Ending AUM $1,744.5 $1,682.1 $1,684.0 $1,661.2 $1,535.0 1 As of April 30, 2026, Western Asset Management had preliminary AUM of $216

Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income 1 of $268.2 million or $0.49 per diluted share for the quarter ended March 31, 2026, as compared to $255.5 million or $0.46 per diluted share for the previous quarter, and $151.4 million or $0.26 per diluted share for the quarter ended March 31, 2025. Operating income was $323.3 million for the quarter ended March 31, 2026, as compared to $281.0 million for the previous quarter and $145.6 million for the prior year. As supplemental information, the Company is providing certain adjusted performance measures which are based on methodologies other than generally accepted accounting principles. Adjusted net income 2 was $384.5 million and adjusted diluted earnings per share 2 was $0.71 for the quarter ended March 31, 2026, as compared to $378.4 million and $0.70 for the previous quarter, and $254.4 million and $0.47 for the quarter ended March 31, 2025. Adjusted operating income 2 was $474.6 million for the

Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.68 trillion at March 31, 2026, compared to $1.73 trillion at February 28, 2026. This month’s decrease in preliminary AUM reflected the negative impact of markets, partially offset by long-term net inflows of $5 billion, inclusive of $1 billion of long-term net outflows at Western Asset Management 1 . Excluding Western Asset Management, preliminary long-term net inflows were $6 billion. For the quarter ended March 31, 2026, preliminary AUM reflected long-term net inflows of $17 billion, inclusive of $4 billion of long-term net outflows at Western Asset Management 1 , offset by the negative impact of markets. Excluding Western Asset Management, long-term net inflows were $21 billion. Preliminary average AUM for the quarter was $1.70 trillion. By Asset Class: (In USD billions) Preliminary 31-Mar-26 28-Feb-26 31-Dec-25 30-Sep-25 31-Mar-25 Equity $669.6 $722.0

On Tuesday, April 28, 2026 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its second quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time. In addition, Jenny Johnson, CEO; Matthew Nicholls, Co-President, CFO and COO; and Daniel Gamba, Co-President and Chief Commercial Officer, will lead a live teleconference at 11:00 a.m. Eastern Time to answer questions. Access to the teleconference will be available via investors.franklinresources.com or by dialing (+1) 877-407-0989 in North America or (+1) 201-389-0921 in other locations. A replay of the teleconference can also be accessed by calling (+1) 877-660-6853 in North America or (+1) 201-612-7415 in other locations using access code 13759733 after 2:00 p.m. Eastern Time on April 28, 2026 through May 5, 2026, or via investors.franklinresources.com. Analysts and investors are

Crypto industry veterans Christopher Perkins and Seth Ginns to co-lead Franklin Crypto alongside Tony Pecore, strengthening active management capabilities across the multi-trillion dollar digital asset market. Franklin Templeton, a global investment leader, today announced a plan to acquire 250 Digital , an active cryptocurrency investment management firm led by financial industry veterans Christopher Perkins and Seth Ginns of CoinFund Management LLC. The acquisition would include the 250 Digital investment team and all liquid cryptocurrency strategies previously run by CoinFund. Franklin Templeton will invest in the strategies as part of the agreement. Following Franklin Templeton’s acquisition of 250 Digital, Perkins will head the division and Ginns will serve as Chief Investment Officer, leading the newly formed Franklin Crypto unit alongside Franklin Templeton Digital Assets investment veteran Tony Pecore, bringing together crypto-native expertise with Franklin Templeton’s global

SAN MATEO, CA – March 31 – Franklin Templeton, a global investment leader, today announced the appointment of Brett Mossman as Head of U.S. Product and Lyenda Delp as Head of Global Insurance and Institutional Asset Solutions, alongside the elevation of Kim Roy to Chief Operating Officer (COO) of the Global Client Group (GCG). These appointments reflect the firm’s strategy of aligning its Global Client Group around a simpler, more connected model designed to accelerate growth and deepen trusted partnerships with clients worldwide. Mossman will lead U.S. Product across wealth and institutional channels, working with investment, sales, and product specialists to bring Franklin Templeton’s leading investment capabilities to clients across mutual funds, exchange traded funds (ETFs), separately managed accounts, and model portfolios. He brings extensive experience in product strategy, portfolio construction, the implementation of technology to scale portfolio management in client

Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.74 trillion at February 28, 2026, compared to $1.71 trillion at January 31, 2026. This month’s preliminary AUM reflected the impact of positive markets and long-term net inflows of approximately $10 billion, inclusive of approximately $1 billion of long-term net outflows at Western Asset Management 1 . Excluding Western Asset Management, preliminary long-term net inflows were approximately $11 billion. By Asset Class: (In USD billions) Preliminary 28-Feb-26 31-Jan-26 31-Dec-25 30-Sep-25 28-Feb-25 Equity $721.8 $709.3 $697.2 $686.2 $624.8 Fixed Income 443.9 440.7 437.7 438.7 453.0 Alternative 278.4 275.3 273.8 263.9 249.7 Multi-Asset 210.7 204.5 198.8 193.9 178.6 Long Term: 1,654.8 1,629.8 1,607.5 1,582.7 1,506.1 Cash Management 80.9 76.1 76.5 78.5 73.1 Total Ending AUM $1,735.7 $1,705.9 $1,684.0 $1,661.2

Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.71 trillion at January 31, 2026, compared to $1.68 trillion at December 31, 2025. This month’s preliminary AUM reflected the impact of positive markets and long-term net inflows of approximately $1.5 billion, inclusive of approximately $1.5 billion of long-term net outflows at Western Asset Management 1 . Excluding Western Asset Management, preliminary long-term net inflows were approximately $3 billion. By Asset Class: (In USD billions) Preliminary 31-Jan-26 31-Dec-25 30-Sep-25 30-Jun-25 31-Jan-25 Equity $709.2 $697.2 $686.2 $656.6 $636.1 Fixed Income 440.1 437.7 438.7 441.7 456.4 Alternative 276.2 273.8 263.9 258.4 250.0 Multi-Asset 205.3 198.8 193.9 183.2 176.8 Long Term: 1,630.8 1,607.5 1,582.7 1,539.9 1,519.3 Cash Management 76.0 76.5 78.5 71.9 67.1 Total Ending AUM $1,706.8 $1,684.0 $1,661.2 $1,611.8 $1,586.4 1 As of January 31, 2026, Western Asset

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.33 per share payable on April 10, 2026 to stockholders of record holding shares of common stock at the close of business on March 31, 2026. The quarterly dividend of $0.33 per share is equivalent to the dividend paid for the prior quarter and represents a 3.1% increase over the quarterly dividend paid for the same quarter last year. About Franklin Templeton Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity. To learn more, visit franklintempleton.com and