Legg Mason Reports Assets Under Management and Flows For April 2016

BALTIMORE, May 11, 2016 /PRNewswire/ -- Legg Mason, Inc. LM reported preliminary assets under management of $707.1 billion as of April 30, 2016.  This month's AUM included fixed income outflows of approximately $2.5 billion, which included the previously announced client redemption at Western.  Equity outflows were approximately $1.4 billion and alternative¹ outflows were approximately $1.1 billion, which included the previously announced redemptions at Permal.  Liquidity outflows were $6.7 billion.  April AUM included a positive foreign exchange impact of approximately $2.6 billion and approximately $41.5 billion in AUM related to the Clarion Partners acquisition, which closed on April 13, 2016.

About Legg Mason

Legg Mason is a global asset management firm with $707 billion in assets under management as of April 30, 2016. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange LM.

¹ Alternative assets include all AUM managed by Clarion Partners, Permal and RARE Infrastructure

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SOURCE Legg Mason, Inc.