TORONTO, Aug. 17 /CNW/ - Franklin Templeton Investments Corp. announced
today that securityholders have voted in favour of merging Franklin World
Health Sciences and Biotech Fund, Franklin World Health Sciences and Biotech
Corporate Class and Franklin Technology Corporate Class into Franklin Flex Cap
Growth Corporate Class. The merger will take effect as of the close of
business on August 24, 2007.
Managed by Conrad Hermann, the $8.23 million(*) Franklin Flex Cap Growth
Corporate Class seeks capital appreciation by investing primarily in U.S.
equities demonstrating accelerating growth, increasing profitability or
above-average growth, or growth potential compared to the overall economy.
The Franklin Flex Cap Growth Corporate Class offers a tax-efficient
option for Canadians investing outside of their registered accounts. This fund
is part of Franklin Templeton's Corporate Class structure, which allows
investors to switch between funds and portfolios while deferring capital gains
until they redeem from the structure.
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$622 billion (C$663 billion) in assets under
management as of July 31, 2007.
(*)as of July 31, 2007
For further information:
For further information: Sarah Powley, Franklin Templeton Investments
Corp., (416) 957-6191