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 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:
Sarah Kingdon, Consultant, Public Relations, Franklin Templeton Investments, 416.957.6191
Keith Damsell, Director, Corporate Communications, Franklin Templeton Investments, 416.957.6099