As the investment objective of Bissett Focus Balanced Corporate Class is to invest substantially all of its assets in units of Bissett Focus Balanced Fund, securityholders of the Corporate Class fund are also being asked to approve a similar investment objective change. If approved, Bissett Focus Balanced Corporate Class will change its investment objective to seek a balance of current income and long-term capital appreciation by investing substantially all of its assets in units of (the newly renamed) Franklin Bissett Canadian All Cap Balanced Fund. If the change in objective is approved, the Corporate Class fund's name will be changed to Franklin Bissett Canadian All Cap Balanced Corporate Class and management fees for Series A, F, I and T of the fund will be reduced.
Bissett Focus Balanced Corporate Class is part of Franklin Templeton's Corporate Class structure, which allows investors to switch between funds and portfolios while deferring any taxable dispositions until they redeem from the structure.
Securityholders of Bissett Focus Balanced Fund and Bissett Focus Balanced Corporate Class will receive an information circular in late-March 2013 detailing the proposed changes.
About Franklin Templeton InvestmentsFranklin 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, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over US$809 billion (over C$807 billion) in assets under management as of January 31, 2013. 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 franklintempleton.ca. SOURCE Franklin Templeton Investments Corp.
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