Legg Mason Reports Assets Under Management and Flows For May 2017

BALTIMORE, June 12, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $726.6 billion as of May 31, 2017. This month's AUM included long-term outflows of $0.1 billion, consisting of net outflows in alternatives of $0.2 billion, partially offset by equity inflows of $0.1 billion. Fixed Income flows were flat. Alternatives AUM reflected realizations¹ of $1.1 billion at Clarion Partners. Liquidity outflows were $7.5 billion and this month's AUM included a positive foreign exchange impact of $0.3 billion.

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About Legg Mason
Legg Mason is a global asset management firm with $727 billion in assets under management as of May 31, 2017. 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 (symbol: LM).

¹ Realizations represent investment manager-driven distributions related to the sale of assets. Realizations are specific to our alternative managers and do not include client-driven distributions (e.g. client requested redemptions, liquidations or asset transfers).

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SOURCE Legg Mason, Inc.