On The Shelf:

Franklin U.S. Small-Mid Cap Growth Corporate Class will merge into Franklin Flex Cap Growth Corporate Class Bissett Large Cap Fund will merge into the Bissett Canadian Equity Fund Templeton Global Balanced Fund will merge into Templeton Global Income Fund Templeton Balanced Fund will merge into Templeton Canadian Asset Allocation Fund • • • Hartford closing […]

By Staff | May 20, 2008 | Last updated on May 20, 2008

2 min read

Franklin U.S. Small-Mid Cap Growth Corporate Class will merge into Franklin Flex Cap Growth Corporate Class
Bissett Large Cap Fund will merge into the Bissett Canadian Equity Fund
Templeton Global Balanced Fund will merge into Templeton Global Income Fund
Templeton Balanced Fund will merge into Templeton Canadian Asset Allocation Fund

• • •

Hartford closing Series 3 DCA units

(May 20, 2008) Hartford Investments Canada has announced that, as of June 30, 2008, the Hartford Canadian Money Market fund will cease accepting investments into the Six Month Series 3 of each class of dollar-cost averaging (DCA) units.

After June 30, Hartford will offer Six Month Series 4 of each class of DCA units.

The associated “Advantage Yield Rates” for all Six Month Series of DCA units will be 5.0%. Units of the Twelve Month Series 1 of each class of DCA units of Hartford Canadian Money Market Fund will continue to be offered for sale.

(05/20/08)

Staff

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Franklin U.S. Small-Mid Cap Growth Corporate Class will merge into Franklin Flex Cap Growth Corporate Class
Bissett Large Cap Fund will merge into the Bissett Canadian Equity Fund
Templeton Global Balanced Fund will merge into Templeton Global Income Fund
Templeton Balanced Fund will merge into Templeton Canadian Asset Allocation Fund

• • •

Hartford closing Series 3 DCA units

After June 30, Hartford will offer Six Month Series 4 of each class of DCA units.

(05/20/08)

Previous Brieflies this week: | MON | TUE | WED | THU |

(May 20, 2008) Goodman & Company Investment Counsel has announced the launch of a seventh series of the Bank of Montreal Dynamic RetirementEdge Income Portfolios.

The notes provide investors with exposure to a combination of 10 Dynamic funds, including Dynamic Power Canadian Growth, Dynamic Power Small Cap and Dynamic Dividend.

The notes are available in three formats. Current pay notes offer distributions immediately, at an annual inflation-adjusted rate of 6.6% of the original deposits, and mature July 7, 2023.

Deferred 5 notes offer a guaranteed 5% minimum growth rate for the first five years, with distributions of 8.25% of the original deposit commencing in the sixth year. They mature on July 9, 2030.

Deferred 10 notes are similar to the Deferred 5 notes but with a 10-year accumulation period and distributions of 9.9% commencing in the eleventh year. They mature on July 8, 2033.

The notes are available until Friday, July 4, 2008, and will be issued by Bank of Montreal on or about July 9, 2008.

• • •

Franklin Templeton streamlines shelf

(May 20, 2008) Franklin Templeton Investments has received security-holder approval for the streamlining of its fund shelf, with all changes expected to take effect at the close of business on June 13, 2008.

The investment objective of Bissett Income Trust and Dividend Fund will be revised to become an equity mandate, investing in dividend-paying common shares, income trust units and preferred shares. The fund will be renamed Bissett Canadian Dividend Fund.

Franklin U.S. Small-Mid Cap Growth Fund will alter its investment objective to focus on fast growth, rather than capitalization. It will be renamed Franklin Flex Cap Growth Fund.

The firm is also rewriting the investment objectives of the Templeton European, Franklin World Growth, Franklin Japan and Franklin Flex Cap Growth corporate class units, to invest in units of Franklin mutual funds with the same investment objective. For example, Templeton European Corporate Class will invest “substantially all of its assets in units of Templeton European Fund.”

And finally, the firm will merge a handful of funds with similar mandates:

Franklin U.S. Small-Mid Cap Growth Corporate Class will merge into Franklin Flex Cap Growth Corporate Class
Bissett Large Cap Fund will merge into the Bissett Canadian Equity Fund
Templeton Global Balanced Fund will merge into Templeton Global Income Fund
Templeton Balanced Fund will merge into Templeton Canadian Asset Allocation Fund

• • •

Hartford closing Series 3 DCA units

After June 30, Hartford will offer Six Month Series 4 of each class of DCA units.

(05/20/08)

Previous Brieflies this week: | MON | TUE | WED | THU |

(May 20, 2008) Goodman & Company Investment Counsel has announced the launch of a seventh series of the Bank of Montreal Dynamic RetirementEdge Income Portfolios.

The notes provide investors with exposure to a combination of 10 Dynamic funds, including Dynamic Power Canadian Growth, Dynamic Power Small Cap and Dynamic Dividend.

The notes are available in three formats. Current pay notes offer distributions immediately, at an annual inflation-adjusted rate of 6.6% of the original deposits, and mature July 7, 2023.

Deferred 5 notes offer a guaranteed 5% minimum growth rate for the first five years, with distributions of 8.25% of the original deposit commencing in the sixth year. They mature on July 9, 2030.

Deferred 10 notes are similar to the Deferred 5 notes but with a 10-year accumulation period and distributions of 9.9% commencing in the eleventh year. They mature on July 8, 2033.

The notes are available until Friday, July 4, 2008, and will be issued by Bank of Montreal on or about July 9, 2008.

• • •

Franklin Templeton streamlines shelf

Franklin U.S. Small-Mid Cap Growth Fund will alter its investment objective to focus on fast growth, rather than capitalization. It will be renamed Franklin Flex Cap Growth Fund.

And finally, the firm will merge a handful of funds with similar mandates:

Franklin U.S. Small-Mid Cap Growth Corporate Class will merge into Franklin Flex Cap Growth Corporate Class
Bissett Large Cap Fund will merge into the Bissett Canadian Equity Fund
Templeton Global Balanced Fund will merge into Templeton Global Income Fund
Templeton Balanced Fund will merge into Templeton Canadian Asset Allocation Fund

• • •

Hartford closing Series 3 DCA units

After June 30, Hartford will offer Six Month Series 4 of each class of DCA units.

(05/20/08)

Staff

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