Franklin Templeton Investments changes series line-up



    TORONTO, June 9 /CNW/ - Franklin Templeton Investments Corp. announced
today changes and additions to the series line-up within Templeton Global
Income Fund and Quotential Diversified Income Portfolio; and a new U.S. dollar
version of Series T on six funds, effective June 23, 2008.
    "These changes are designed to provide Canadians with a wider range of
investment options," said Don Reed, President and CEO, Franklin Templeton
Investments Corp.

    Series A and F re-designations

    Templeton Global Income Fund Series A units will be re-designated into
Series T units and the U.S. dollar Series A units will be re-designated into
the new Series T-USD units. Quotential Diversified Income Portfolio Series A
and Series F units will be re-designated into Series T and Series S units,
respectively. The management fees on the re-designated units will remain
unchanged.
    Distributions will continue to be targeted at an annual rate of six per
cent for the new Series T and Series T-USD in the Global Income fund and the
new Series T and Series S in the Diversified Income portfolio.
    The new Series T and Series T-USD of the Global Income fund and the new
Series T and Series S of the Diversified Income portfolio will receive monthly
distributions in the form of Return of Capital (ROC). ROC is treated as a
return of a portion of the unitholder's original investments, as opposed to
interest or dividend income, which reduces the adjusted cost base for tax
purposes. Any net income, including capital gains, not distributed during the
year will be distributed to unitholders annually in December.
    Investors can also elect to receive flexible distributions though
Franklin Templeton's Flexible Series T solution. This allows an investor to
customize their monthly ROC payments to be between zero and six per cent of
the final net asset value of the fund from the previous year-end, divided into
12 equal monthly distributions.

    Changes in distributions

    Series F and Series O units of the Global Income fund will change from
monthly to annual distributions of income and net capital gains, payable in
December. Similarly, Series I and O units of the Diversified Income portfolio
will also change from monthly to annual distributions of income and net
capital gains, payable in December.

    New Series A and F units

    Templeton Global Income Fund will launch new Series A units and
Quotential Diversified Income Portfolio will launch new Series A and Series F
units on June 23, 2008. These new units will distribute any income and net
capital gains annually in December.

    U.S. dollar version of Series T

    The new Series T-USD provides tax-efficiency through monthly ROC
distributions in U.S. dollars. The first payment of the monthly distribution
will be made at the end of June 2008, the same day as the existing CAD Series
T monthly distribution. Series T-USD distributions will be paid out in fixed
U.S. dollars and will not fluctuate with the Canadian exchange rate.
    The launch of the Series T-USD will be available in these funds and
portfolios: Mutual Discovery Fund, Mutual Discovery Corporate Class,
Quotential Global Growth Portfolio, Quotential Global Growth Corporate Class,
Quotential Global Balanced Portfolio and Quotential Global Balanced Corporate
Class.

    Franklin Templeton U.S. Rising Dividends Fund name change

    Franklin Templeton U.S. Rising Dividends Fund will change its name to
Franklin U.S. Rising Dividends Fund, effective June 16, 2008. The corporate
class version will also change its name to Franklin U.S. Rising Dividends
Corporate Class. This name change will better align the fund with its manager,
Franklin Advisory Services, LLC, in New Jersey. The U.S. Rising Dividends Fund
will continue to provide long-term capital appreciation by investing primarily
in a diversified portfolio of American equities, with a focus on companies
that have paid consistently rising dividends.

    Franklin Templeton Investments Corp. is a wholly owned subsidiary of
Franklin Resources, Inc., a global investment organization operating as
Franklin Templeton Investments. In Canada, Franklin Templeton Investments
provides global and domestic investment advisory services to the Franklin,
Templeton, Bissett and Mutual Series funds, and institutional accounts.
Franklin Templeton Investments Corp. has more than 700 employees providing
services to more than 1.2 million unitholder accounts and more than 200
pension funds, foundations and other institutional investors. Franklin
Templeton Investments Corp. can be found at www.franklintempleton.ca.
    Franklin Resources, Inc. (NYSE:  BEN), is a global investment management
organization operating as Franklin Templeton Investments. Franklin Templeton
Investments provides global and domestic investment management solutions
managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and
Bissett investment teams. The San Mateo, CA-based company has more than 60
years of investment experience and more than US$617.5 billion (C$621.9) in
assets under management as of April 30, 2008.





For further information:

For further information: Sarah Powley, Franklin Templeton Investments,
(416) 957-6191


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