FAIRPORT, N.Y., April 12,
2022 /PRNewswire/ -- Manning & Napier,
Inc. (NYSE: MN), ("Manning & Napier" or "the
Company") today announced that it expects to release its first
quarter 2022 financial results on Tuesday,
May 10th, 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 first quarter 2022 financial
results.
Assets Under Management
The Company also announced
that preliminary March 31, 2022
assets under management ("AUM") were $20.6
billion, which included approximately $14.9 billion in separately managed accounts and
approximately $5.7 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 279 employees as of
December 31, 2021.
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: changes in securities or financial
markets or general economic conditions; the impact of COVID-19 on
the U.S. and global economy; a decline in the performance of the
Company's products; client sales and redemption activity; any loss
of an executive officer or key personnel; changes in the Company's
business related to strategic acquisitions and other transactions;
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.