Franklin Templeton Investments Corp. plans to postpone the mergers of Templeton International Balanced Fund and Templeton Canadian Bond Fund into Templeton Global Balanced Fund and Bissett Bond Fund, respectively, until Friday September 21.
The mergers were originally scheduled to take place on Friday, September 14. However, the firm advises recent market closures may prevent pricing on several of the funds on that date.
The firm is also postponing the merger of Templeton Emerging Markets
Appreciation Fund (a closed-end Canadian Fund TSE:TEM.UN) into the open-end Templeton Emerging Markets Fund until the close of business on Friday, September 21.
The merger was scheduled to take place on Friday, September 14, however the continued closure of the Mexican market may prevent pricing of Templeton Emerging Markets Fund on that date.
Approximately 6% of Templeton Emerging Markets Appreciation Fund’s assets and 12% of Templeton Emerging Markets Fund’s assets are invested in securities trading on the Mexican market.
Franklin Templeton postpones fund mergers
Market conditions may prevent pricing of funds
- By: IE Staff
- September 13, 2001 September 13, 2001
- 17:10