TORONTO, June 12 /CNW/ - Franklin Templeton Investments Corp. today
announced the proposed merger of Franklin World Health Sciences and Biotech
Fund, Franklin World Health Sciences and Biotech Corporate Class and Franklin
Technology Corporate Class into the Franklin Flex Cap Growth Corporate Class.
The merger of the four funds will help to minimize duplication within the
funds as well as reduce expenses that will benefit security holders by
allocating operational costs across larger portfolios. The proposed merger
will be voted on at a special meeting of security holders on August 17, 2007
The proposed merger will take effect on or around August 24, 2007. The
merger is subject to both security holder and regulatory approval.
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 1.8 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 and Fiduciary Trust
investment teams. The San Mateo, CA-based company has 60 years of investment
experience and more than US$601 billion (C$667 billion) in assets under
management as of April 30, 2007.
For further information:
For further information: Keith Damsell, Franklin Templeton Investments
Corp., (416) 957-6099