Le Lézard
Classified in: Business, Covid-19 virus
Subject: ECO

Manning & Napier, Inc. Reports September 30, 2022 Assets Under Management


FAIRPORT, N.Y., Oct. 12, 2022 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today reported preliminary assets under management ("AUM") as of September 30, 2022 of $17.4 billion, which included approximately $12.4 billion in separately managed accounts and approximately $5.0 billion in mutual funds and collective investment trusts.

Transaction Update

As previously announced, Manning & Napier expects to complete its transaction with Callodine Group in October 2022.

About Manning & Napier, Inc.

Manning & Napier (NYSE: MN) provides a broad range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity, fixed income and alternative strategies, as well as a range of blended asset portfolios, including life cycle funds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems. We are headquartered in Fairport, NY and had 274 employees as of June 30, 2022.

Safe Harbor Statement

This press release and other statements that the Company may make may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the Company's current views with respect to, among other things, its operations and financial performance. Words like "believes," "expects," "may," "estimates," "will," or  "should," or the negative thereof or other variations thereon or comparable terminology, are used to identify forward-looking statements, although not all forward-looking statements contain these words. Although the Company believes that it is basing its expectations and beliefs on reasonable assumptions within the bounds of what it currently knows about its business and operations, there can be no assurance that its actual results will not differ materially from what the Company expects or believes. Some of the factors that could cause the Company's actual results to differ from its expectations or beliefs include, without limitation: the delay in or failure to consummate the proposed transaction with Callodine Group; changes in our business related to the proposed transaction with Callodine Group; changes in securities or financial markets or general economic conditions, including as a result of the COVID-19 pandemic or political instability and uncertainty, such as the Russian invasion of Ukraine; inflation; changes in interest rates; a decline in the performance of the Company's products; client sales and redemption activity; any loss of an executive officer or key personnel; the Company's ability to successfully deploy new technology platforms and upgrades; changes of government policy or regulations; and other risks discussed from time to time in the Company's filings with the Securities and Exchange Commission.

Contacts
Investor Relations Contact
Emily Blum
Prosek Partners
646-818-9237
eblum@prosek.com

Public Relations Contact
Nicole Kingsley Brunner
Manning & Napier, Inc.
585-325-6880
nbrunner@manning-napier.com

SOURCE Manning & Napier, Inc.


These press releases may also interest you

at 08:25
The "Flexible Display Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global flexible...

at 08:20
Salesforce , the global leader in CRM, today announced, as part of its ongoing board refreshment process, the following appointments to the Company's Board of Directors, effective March 1, 2023: Arnold Donald, former President and Chief Executive...

at 08:20
The "Steel Wire Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering. The global steel wire market reached a value of nearly $97,043.3 million in 2021, having increased at a compound annual...

at 08:15
Vizsla Silver Corp. ("Vizsla Silver" or the "Company") is pleased to announce that it has entered into an agreement with PI Financial Corp. as sole bookrunner and lead agent (the "Lead Agent"), on behalf of a syndicate of agents (together with the...

at 08:15
The "Aircraft Thrust Reverser Actuation Systems - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering. Global Aircraft Thrust Reverser Actuation Systems Market to Reach $1.7 Billion by 2030 In the changed post...

at 08:10
The "Global Automotive Parts Remanufacturing Market - Analysis By Component, By Vehicle (PV, LCV, HCV, ATV, ORV), By Region, By Country: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028)" report has been added to...



News published on 12 october 2022 at 16:05 and distributed by: