TORONTO, July 10,
2023 /CNW/ - Franklin Templeton
Canada today announced the completion of certain fund mergers.
At the close of business on July 7,
2023, units of each fund identified as a terminating fund in
the following table were exchanged for units of the corresponding
continuing fund on a taxable basis and were delisted from the
Toronto Stock Exchange (TSX). Today, July
10, 2023, the units of each corresponding continuing fund
were listed substitutionally on the TSX, under the same ticker.
|
Terminating
Fund
|
Continuing
Fund
|
Ticker
|
|
Franklin Bissett
Corporate Bond Active ETF
|
Franklin Bissett
Corporate Bond Fund
|
FLCI
|
|
Franklin Bissett Core
Plus Bond Active ETF
|
Franklin Bissett Core
Plus Bond Fund
|
FLCP
|
|
Franklin Bissett Short
Duration Bond Active ETF
|
Franklin Bissett Short
Duration Bond Fund
|
FLSD
|
|
Franklin Brandywine
Global Sustainable Income Optimiser Active ETF
|
Franklin Brandywine
Global Sustainable Income Optimiser Fund
|
FBGO
|
|
Franklin ClearBridge
Sustainable Global Infrastructure Income Active ETF
|
Franklin ClearBridge
Sustainable Global Infrastructure Income Fund
|
FCII
|
|
Franklin ClearBridge
Sustainable International Growth Active ETF
|
Franklin ClearBridge
Sustainable International Growth Fund
|
FCSI
|
|
Franklin Global Growth
Active ETF
|
Franklin Global Growth
Fund
|
FGGE
|
|
Franklin Innovation
Active ETF
|
Franklin Innovation
Fund
|
FINO
|
|
Franklin Western Asset
Core Plus Bond Active ETF
|
Franklin Western Asset
Core Plus Bond Fund
|
FWCP
|
In each merger, substantially all of the assets of the
terminating fund were transferred to the continuing fund (after
reserving sufficient assets to satisfy the estimated liabilities,
if any, of the terminating fund as of the merger date) in exchange
for a number of units of the continuing fund equal to the number of
units of the terminating fund then outstanding.
Final Distributions
On July 7, 2023, unitholders of
record of the terminating funds received the final notional
distributions (in Canadian dollars) shown in the following
table.
|
Terminating
Fund
|
Ticker
|
Final
Notional
Distribution Per
Unit
($)
|
|
Franklin Bissett
Corporate Bond Active ETF
|
FLCI
|
0.103602
|
|
Franklin Bissett Core
Plus Bond Active ETF
|
FLCP
|
0.007702
|
|
Franklin Bissett Short
Duration Bond Active ETF
|
FLSD
|
0.056131
|
|
Franklin Brandywine
Global Sustainable Income Optimiser Active ETF
|
FBGO
|
0.052916
|
|
Franklin ClearBridge
Sustainable Global Infrastructure Income Active ETF
|
FCII
|
0.052207
|
|
Franklin ClearBridge
Sustainable International Growth Active ETF
|
FCSI
|
0.000000
|
|
Franklin Global Growth
Active ETF
|
FGGE
|
0.000000
|
|
Franklin Innovation
Active ETF
|
FINO
|
0.000000
|
|
Franklin Western Asset
Core Plus Bond Active ETF
|
FWCP
|
0.048885
|
The notional reinvested distributions were not paid in cash but
reinvested in additional units and reported as taxable
distributions, with a corresponding increase in
each unitholder's adjusted cost base of their units of the
particular terminating fund immediately prior to the merger. The
additional units were immediately consolidated so that the number
of units held by each unitholder, the number of units outstanding
and the net asset value of each terminating fund did not change as
a result of the reinvested distribution.
Investors are encouraged to speak to their financial advisor
about these changes. Franklin Templeton Canada's client
service team is also available between 8 a.m. and 6
p.m. EDT at 1-800-387-0830
or service@franklintempleton.ca.
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 155 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 offices in
more than 30 countries and approximately 1,300 investment
professionals, the California-based company has over 75 years of
investment experience and approximately US$1.4 trillion (approximately CAN$1.9 trillion)
in assets under management as of May 31,
2023. For more information, please visit
franklintempleton.ca and connect with Franklin Templeton on Twitter, Facebook and
LinkedIn, and read the Beyond Bulls & Bears blog.
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
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reserved.
SOURCE Franklin Templeton Investments Corp.