FAIRPORT, N.Y., July 13,
2022 /PRNewswire/ -- Manning & Napier, Inc.
(NYSE: MN), ("Manning & Napier" or "the
Company") today announced that it expects to release its second
quarter 2022 financial results the week of August 8th, 2022, in conjunction with
its related 10-Q filing. In light of the previously announced
definitive agreement to be acquired by Callodine Group, the Company
will not host a conference call to discuss second quarter 2022
financial results.
Assets Under Management
The Company also announced
that preliminary June 30, 2022 assets
under management ("AUM") were $18.5
billion, which included approximately $13.3 billion in separately managed accounts and
approximately $5.2 billion in mutual
funds and collective investment trusts.
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 275 employees as of
March 31, 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," "should,"
"intends," "plans," or "anticipates" 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 Collodine 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
973-464-5240
eblum@prosek.com
Public Relations Contact
Nicole Kingsley Brunner
Manning & Napier, Inc.
585-325-6880
nbrunner@manning-napier.com
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SOURCE Manning & Napier, Inc.