TORONTO, Oct. 25,
2022 /CNW/ - Franklin
Templeton Canada today announced its intention to change the
listing venue for Franklin Emerging Markets Multifactor Index ETF
(FLEM) from the Toronto Stock Exchange (TSX) to the NEO
Exchange.
The company has received conditional approval from the NEO
Exchange to list the units of Franklin Emerging Markets Multifactor
Index ETF on its exchange.
In accordance with Section 720(b)(i) of the TSX company
manual, unitholder approval for Franklin Emerging Markets
Multifactor Index ETF is not required in order to delist it from
the TSX, as an acceptable alternative market for the listed
securities exists (and will exist), on or about the proposed
delisting date.
As such, Franklin Templeton
Canada anticipates that Franklin Emerging Markets
Multifactor Index ETF will be voluntarily delisted from the TSX at
the close of business on December 5,
2022, and listed on the NEO Exchange on December 6, 2022.Thereafter, units of Franklin
Emerging Markets Multifactor Index ETF will only be available for
trading on the NEO Exchange.
It was also previously announced on September 21, 2022, that a special meeting of
unitholders of the Franklin Emerging Markets Multifactor Index ETF
will be held on December 9, 2022 to
vote on a proposal for a new investment objective and index
provider for the ETF. If approved, the fund's name will change but
the ticker will remain the same.
Franklin Templeton's diverse
and innovative ETF platform was built to provide better client
outcomes for a range of market conditions and investment
opportunities. The product suite offers active, smart beta and
passive ETFs that span multiple asset classes and
geographies. For more information, please
visit franklintempleton.ca/etf.
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 boutique
specialization on a global scale, bringing extensive capabilities
in equity, fixed income, multi-asset solutions and alternatives.
With offices in more than 30 countries and approximately 1,300
investment professionals, the California-based company has 75 years of
investment experience and approximately US$1.3 trillion (approximately CAN$1.8 trillion)
in assets under management as of September
30, 2022. 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, management fees and expenses all may be
associated with investments in ETFs. Investors should carefully
consider an ETF's investment objectives and strategies, risks, fees
and expenses before investing. The prospectus and ETF facts contain
this and other information. Please read the prospectus and ETF
facts carefully before investing. ETFs trade like stocks, fluctuate
in market value and may trade at prices above or below the ETF's
net asset value. Brokerage commissions and ETF expenses will reduce
returns. ETFs are not guaranteed, their values change frequently,
and past performance may not be repeated.
Copyright © 2022. Franklin Templeton. All rights
reserved.
SOURCE Franklin Templeton Investments Corp.