Franklin Templeton to Merge Small Cap Funds

November 24, 2010

Franklin Templeton Investments Corp. announced on November 19, 2010 that the unitholders of Franklin Templeton Canadian Small Cap Fund have voted to merge the fund into Bissett Small Cap Fund.


On November 19, 2010 Franklin Templeton Investments Corp. announced that the unitholders of Franklin Templeton Investments Corp. have voted in favor of merging the fund into Bisset Small Cap Fund in exchange for units of the Bissett Fund on a dollar-for-dollar and series-by-series basis.  The merger will take effect on or about the close of business on November 26, 2010.  All costs associated with the termination of the Franklin fund will be borne by Franklin Templeton.  The Unitholders will not be required to pay any fees associated with the termination of the fund, including redemption fees and sales charges.  Franklin Templeton is a California-based wholly owned subsidiary of Franklin Resources (NYSE: BEN).  The investment organization provides domestic and global investment management services and has more than $644 billion in assets under management.

To read the press release, please click here.


Categories

Mutual Fund M&A, Transactions