TORONTO, Feb. 15,
2024 /CNW/ - Franklin
Templeton Canada announced today that Franklin Brandywine
Global Sustainable Balanced Fund (the Fund) did not qualify as a
mutual fund trust under the Income Tax Act (Canada) during a
portion of the month of January 2024.
As a result, its units were not a qualified investment for
registered plans during that period. As of January 31, 2024, the Fund qualified as a mutual
fund trust and as a result, its units are once again a qualified
investment for registered plans.
The Fund qualified as a mutual fund trust from its inception in
2022 through the end of the 2023 calendar year, and during that
period its units were a qualified investment for registered
plans.
Franklin Templeton Canada does not
believe that these events will result in any tax liability or
filing obligations for any investor who held the Fund's units in a
registered plan during January 2024.
Investors do not need to take any action as a result of these
events, whether they hold the Fund's units in a registered plan or
not.
Franklin Brandywine Global Sustainable Balanced Fund will
continue to seek current income and long-term capital appreciation
by investing primarily in debt instruments and equity securities of
issuers anywhere in the world while following a sustainable
investment approach.
Franklin Templeton's client service team is available to
provide assistance to clients and can be contacted at
1-800-387-0830 or service@franklintempleton.ca.
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 150 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 specialization
on a global scale, bringing extensive capabilities in fixed income,
equity, alternatives and multi-asset solutions. With more than
1,400 investment professionals, and offices in major financial
markets around the world, the California-based company has over 75 years of
investment experience and approximately US$1.6 trillion (approximately CAN$2.2 trillion)
in assets under management as of January 31, 2023. For more
information, please visit franklintempleton.ca.
Commissions, trailing commissions, management fees and
expenses all may be associated with mutual fund investments. Please
read the prospectus or fund facts document before investing. Mutual
funds are not guaranteed, their values change frequently, and past
performance may not be repeated.
Copyright © 2024. Franklin Templeton. All rights
reserved.
SOURCE Franklin Templeton Investments Corp.