TORONTO, Nov. 1, 2019 /CNW/ - Franklin Templeton Canada announced that investors have approved proposed mergers for 11 mutual funds, which were voted on at special meetings held in Toronto today.
Each terminating fund will be merged into the corresponding continuing fund after the close of business on or around the merger date indicated in the table below:
Terminating Funds |
Continuing Funds |
Merger Dates |
Franklin Quotential Fixed Income Portfolio
|
November |
|
Templeton Asian Growth Corporate Class1,2
Templeton Frontier Markets Corporate Class1
|
November |
|
Franklin Bissett Canadian All Cap Balanced Fund
Franklin Bissett Canadian All Cap Balanced Corporate Class1
|
November |
|
Franklin Bissett Energy Corporate Class1
|
November |
|
Franklin Bissett Microcap Fund1
Franklin Bissett Small Cap Corporate Class1
|
November |
|
Franklin Select U.S. Equity Fund
|
November |
|
Franklin Mutual U.S. Shares Fund
Franklin Mutual U.S. Shares Corporate Class1
|
November |
1 |
This is a taxable merger. |
2 |
Investors in series I did not approve the proposed merger. As a result, the fund's merger will proceed, but Franklin Templeton will terminate its series I shares by redeeming them on or around November 15, 2019, prior to implementing the merger. |
Investors are encouraged to speak to their financial advisors about these changes. Franklin Templeton's client service team is also available at 1-800-387-0830 or [email protected]. Please visit franklintempleton.ca for more information on Franklin Templeton funds.
About Franklin Templeton
Franklin Templeton Investments Corp. (known as Franklin Templeton Canada) is a subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton. Franklin Templeton's goal is to deliver better outcomes by providing global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes, including equity, fixed income, alternatives and custom multi-asset solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the California based company has more than 70 years of investment experience and over US$692 billion (over C$917 billion) in assets under management as of September 30, 2019. For more information, please visit franklintempleton.ca.
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SOURCE Franklin Templeton Investments Corp.
Media Contact: Sarah Kingdon, Corporate Communications, Franklin Templeton, 416.957.6191, [email protected]; David Sylvester, Corporate Communications, Franklin Templeton, 416.957.6560, [email protected]
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