Briefly: Franklin Templeton to trim shelf

Franklin Templeton Investments announced two changes yesterday aimed at streamlining the company’s product shelf.

The first is the merger of the Templeton European Corporate Class and Franklin Japan Corporate Class funds into the Templeton International Stock Corporate Class. This merger is to be voted on by securityholders around June 4. If approved, this merger will take place around June 11. Securityholders should expect to receive an information package regarding the proposed merger in early May.

The second announcement is the termination of the Templeton European Fund and the Franklin Japan Fund. At this time, the plan is to stop selling units of these funds on June 7, though these terminations may be postponed to no later than July 31. If the terminations go forward as planned, the final assets will be distributed to unitholders on June 9.

(04/09/10)

Staff

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