TORONTO, May 31, 2024
/CNW/ - Franklin Templeton Canada today announced that a
quorum for the special meetings was not reached for series PA of
Franklin ActiveQuant Canadian Fund and Franklin ActiveQuant U.S.
Fund.* As a result, the special meetings for these
series will be adjourned to June 7,
2024, at 9 a.m. EDT at
Franklin Templeton Canada's office in Toronto.
The purpose of the special meetings is to consider merging the
following funds:
- Franklin ActiveQuant Canadian Fund into Franklin ClearBridge
Canadian Equity Fund (formerly Franklin Bissett Canadian Equity
Fund)
- Franklin ActiveQuant U.S. Fund into Franklin U.S. Rising
Dividends Fund
This adjournment will allow investors in series PA who have not
yet voted, the opportunity to do so.
After all the votes have been tabulated and if approved, the
mergers will be implemented on a tax-deferred basis after the close
of business on or around June 21,
2024.
About Franklin Templeton
Franklin Resources, Inc.
[NYSE:BEN] is a global investment management organization with
subsidiaries operating as Franklin
Templeton and serving clients in over 150 countries. In
Canada, the company's subsidiary is Franklin Templeton Investments
Corp., which operates as Franklin Templeton
Canada. Franklin Templeton's
mission is to help clients achieve better outcomes through
investment management expertise, wealth management and technology
solutions. Through its specialist investment managers, the company
offers specialization on a global scale, bringing extensive
capabilities in fixed income, equity, alternatives and multi-asset
solutions. With more than 1,500 investment professionals, and
offices in major financial markets around the world, the
California-based company has over
75 years of investment experience and over US$1.6 trillion (over CDN$2.2 trillion) in assets under management as
of April 30, 2024. For more
information, please visit franklintempleton.ca.
*Unitholders of series A, F, PA, PF and O units of
Franklin ActiveQuant Canadian Fund and series PA, PF and O units of
Franklin ActiveQuant U.S. Fund are entitled to have their votes
tabulated at the series level as well as the fund level because
they will receive units that have a higher combined fee than the
units they currently hold.
Commissions, trailing commissions, management fees, brokerage
fees and expenses may be associated with investments in mutual
funds and ETFs. Please read the prospectus and fund facts/ETF facts
document before investing. Mutual funds and ETFs are not
guaranteed. Their values change frequently. Past performance may
not be repeated.
Copyright © 2024. Franklin Templeton. All rights
reserved.
SOURCE Franklin Templeton Investments Corp.