TORONTO, June 15, 2012 /CNW/ - Franklin Templeton Investments Corp.
announced today that unitholders have voted in favour of merging
Wellington West Franklin Templeton Balanced Retirement Income Fund (the
"Terminating Fund") into Quotential Balanced Growth Portfolio (the
"Continuing Fund"). Subject to regulatory approval, the merger will
take effect on or about the close of business on June 22, 2012.
Unitholders of the Terminating Fund will receive Series A securities of
the Continuing Fund on a dollar-for-dollar basis.
Unitholders will not be required to pay any redemption fees, sales
charges or other fees associated with the termination of the fund. All
costs associated with the termination of the fund will be borne by
Franklin Templeton Investments
Franklin Templeton Investments Corp. is a wholly owned subsidiary of
Franklin Resources, Inc. (NYSE: BEN), a global investment organization
operating as Franklin Templeton Investments. Franklin Templeton
Investments provides global and domestic investment management
solutions managed by its Franklin, Templeton, Bissett, Mutual Series,
Fiduciary Trust and Darby investment teams. The San Mateo, CA-based
company has more than 60 years of investment experience and more than
US$683-billion (C$706-billion) in assets under management as of May 31,
Franklin Templeton Investments Corp. has more than 600 employees across
Canada providing services to more than one million unitholder accounts
and more than 200 pension funds, foundations and other institutional
investors. Additional information on Franklin Templeton Investments
Corp. can be found at www.franklintempleton.ca.
SOURCE Franklin Templeton Investments Corp.
For further information:
Keith Damsell, Franklin Templeton Investments Corp., 416.957.6099
Sarah Kingdon, Franklin Templeton Investments Corp., 416.957.6191