Franklin Templeton to close Treasury Bill Yield Class

Franklin Templeton Investments has announced plans to terminate Franklin Templeton Treasury Bill Yield Class in Canada. After close of business on March 28, 2012, the fund will cease offering shares for purchase and will be terminated on or about June 1, 2012.

The decision to terminate the fund is due to the small number of shareholders and the associated cost of maintaining a smaller fund.

Shareholders can redeem or switch their holdings in the fund on or prior to May 30, 2012. After close of business on June 1, 2012, any remaining shareholders who hold the fund in a:

• Registered accounts will have their holdings switched into Franklin Templeton Treasury Bill Fund on a dollar-for-dollar basis;
• Non-registered accounts will have their holdings liquidated at fair market value.

All costs associated with the termination of the fund will be borne by Franklin Templeton Investments Corp.

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