Franklin Templeton Investment – Notification on Fund Merger: FTIF – Franklin Select U.S. Equity Fund (Merging) & FTIF – Franklin U.S. Opportunities Fund (Receiving)

Corporate Action

The fund manager would like to inform you about the decision of the board of directors of the Company (the “Board”) to merge FTIF – Franklin Select U.S. Equity Fund (the “Merging Sub-Fund”) into FTIF –Franklin U.S. Opportunities Fund (the “Receiving Sub-Fund”) on 13th November 2020.

Following the Merger, the Merging Sub-Fund shall be dissolved without going into liquidation.

  1. FTIF – Franklin Select U.S. Equity Fund (the “Merging Sub-Fund”)

(a) Important Dates & options available for Shareholders (subscription using cash/SRS):-

i) No new investors will be accepted from the date of this letter, 27 July 2020.

ii) No new purchases will be accepted starting 5 business days before the Effective Date, i.e. 6 November 2020

iii) No redemptions, switches and transfers will be accepted starting 5 business days before the Effective Date, i.e. 6 November 2020 included.

iv) Free redemption/switching period for shareholders until 5 November 2020, 4pm Singapore time

v) As from the day following the Effective Date, if shareholders have participated in the Merger and become shareholders of the Receiving Sub-Fund, they will receive shares of the Receiving Sub-Fund.

 

  1. FTIF – Franklin U.S. Opportunities Fund (the “Receiving Sub-Fund”)

(a) Important Dates & options available for Shareholders (subscription using cash/SRS):-

  • Holders of shares in the Receiving Sub-Fund who do not wish to participate in the Merger may redeem their shares or switch their holdings free from any charge until 5 November 2020.
  • As from 16 November 2020, Shareholders in the Receiving Sub-Fund may continue to redeem or switch out their shares in accordance with the provisions of the Prospectus.

(b) Important Dates & options for Shareholders (subscription using CPF monies):-

  1. redeem your holdings in the Receiving Sub-Fund, free from any charge, no later than 5 November 2020, 4pm Singapore time.
  2. switch, free from any charge, no later than 5 November 2020, 4pm Singapore time, into any of the following Funds that are included on CPF Investment Scheme and as may be carried by your distributor or financial  adviser:
  3. FTIF – Franklin India Fund AS (acc) SGD
  4. Franklin Templeton Shariah Funds – Templeton Shariah Global Equity Fund AS (acc) SGD

Any transaction charges imposed by the CPF agent banks will be borne by Franklin Templeton.

For more details, please refer to the following shareholder notices

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