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Wednesday, April 01, 2009

Franklin Templeton MF discontinues weekly dividend option under TFIF-LT-SI

No unitholders under the option

Franklin Templeton Mutual Fund have decided to discontinue the weekly dividend option in super institutional option of Templeton Floating Rate Income Fund – Long Term Plan (TFIF-LT-SI), as there are no unitholders under the said option.

All the other terms and conditions of the offer document will remain unchanged.

TFIF is an open ended income scheme with the objective to provide income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns, and also fixed rate instrument and money market instruments.

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