Franklin Templeton Investments Corp. announces fund mergers in Canada

TORONTO, June 10, 2011 /CNW/ - Franklin Templeton Investments Corp. announced today that securityholders have voted in favour of merging Bissett Multinational Growth Fund into Franklin World Growth Fund, and Bissett Multinational Growth Corporate Class into Franklin World Growth Corporate Class. The fund mergers and transfer of securities will take effect on or about the close of business on June 24, 2011.

Securityholders of Bissett Multinational Growth Fund will receive securities of Franklin World Growth Fund on a dollar-for-dollar and series-by-series basis.  Securityholders of Bissett Multinational Growth Corporate Class will receive securities of Franklin World Growth Corporate Class on a dollar-for-dollar and series-by-series basis.

Securityholders will not be required to pay any redemption fees, sales charges or other fees associated with the termination of the funds.  All costs associated with the termination of the funds will be borne by Franklin Templeton.

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 approximately US$736 billion (C$713 billion) in assets under management as of May 31, 2011.

Franklin Templeton Investments Corp. has more than 600 employees 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:

Media contacts:
Sarah Kingdon, Consultant, Public Relations, Franklin Templeton Investments, 416.957.6191

Keith Damsell, Director, Corporate Communications, Franklin Templeton Investments, 416.957.6099


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