Franklin Templeton Investments Canada Announces Decision Not to Proceed With Proposed Changes to Franklin Bissett Dividend Income Funds

TORONTO, April 27, 2018 /CNW/ - Franklin Templeton Investments Canada today announced its decision not to proceed with its proposed changes to the investment objectives and investment strategies of Franklin Bissett Dividend Income Fund and Franklin Bissett Dividend Income Corporate Class. As a result, special meetings of securityholders to vote on the proposed changes, which were set to take place in Toronto on June 25, 2018, have been cancelled.

The funds will continue to seek to provide high current income by investing primarily in Canadian and American dividend-paying preferred and common stocks and, from time to time, bonds up to a maximum of 25 per cent of total assets.

About Franklin Templeton Investments                            
Franklin Templeton Investments Corp. (known as Franklin Templeton Investments Canada) is a subsidiary of Franklin Resources, Inc. [NYSE:BEN]. Franklin Resources, Inc. is a global investment management organization operating as Franklin Templeton Investments, which provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes – including equity, fixed income, alternative and custom solutions. The company's more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in over 30 countries, the California-based company has 70 years of investment experience and over US$737 billion (C$951 billion) in assets under management as of March 31, 2018. For more information, please visit franklintempleton.ca.

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SOURCE Franklin Templeton Investments Corp.