/C O R R E C T I O N -- Franklin Templeton Investments Corp./

In the news release, Franklin Templeton Investments Announces Approval of Mutual Fund Mergers in Canada, issued August 5th, 2016 by Franklin Templeton Investments Corp. over CNW, we are advised by the company that the third paragraph, first sentence, should read "continuing" rather than "terminating" as originally issued inadvertently. The complete, corrected release follows:

Franklin Templeton Investments Announces Approval of Mutual Fund Mergers in Canada

TORONTO, Aug. 5, 2016 /CNW/ - Franklin Templeton Investments Corp. today announced that investors have approved the proposed mergers for two Franklin Bissett funds and one Templeton fund, at special meetings of investors held today, August 5, 2016, in Toronto.

As such, these fund mergers will occur on or around August 12, 2016:

Terminating Fund:	Continuing Fund:
Franklin Bissett Strategic Income Fund	Franklin Bissett Monthly Income and Growth Fund
Franklin Bissett Strategic Income Corporate Class	Franklin Bissett Monthly Income and Growth Fund
Templeton BRIC Corporate Class	Templeton Emerging Markets Fund

Investors in the terminating funds will automatically have their holdings transferred to the continuing fund on a series-by-series, dollar-for-dollar basis after close of business on August 12, 2016, except that investors in Series R and S securities of Franklin Bissett Strategic Income Corporate Class will receive Series O and F securities, respectively, of the applicable continuing fund. Any investor who wishes to switch to a different fund or redeem their holdings ahead of this transfer, will need to submit this request before close of business on August 11, 2016.

For account information, Franklin Templeton's client services team can be reached between 8 a.m. and 8 p.m. ET at 1.800.387.0830 (toll-free).

About Franklin Templeton Investments
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 180 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 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California–based company has more than 65 years of investment experience and over US$732 billion (over C$946 billion) in assets under management as of June 30, 2016.

For more information, please visit franklintempleton.ca or connect with Franklin Templeton on Twitter (@FTI_Global) and read the Beyond Bulls & Bears blog featuring perspectives from Franklin Templeton investment professionals around the world.

Copyright © 2016. Franklin Templeton Investments. All rights reserved.

SOURCE Franklin Templeton Investments Corp.

Franklin Templeton Investments Corp., Corporate Communications: Amie Lauder [phone], franklintempleton.ca