TORONTO, Sept. 17, 2020 /CNW/ - Franklin Templeton Canada today announced the final net asset value (NAV) for Franklin Liberty Senior Loan ETF (CAD-Hedged) (FLSL).
The ETF listing was removed from the Toronto Stock Exchange (TSX) at market close on September 14, 2020 and terminated at the close of business today, September 17, 2020. The ETF termination was previously announced on July 10, 2020.
Effective today, September 17, 2020, Franklin Templeton Canada will sell and convert FLSL's portfolio to cash, and the remaining assets—after paying or providing for the ETF's liabilities and obligations—will be distributed to the ETF's unitholders on a pro rata basis. The final net asset value (NAV) per unit of FLSL is $17.82.
Unitholders will receive cash representing their proportionate share of FLSL's assets on or around September 18, 2020. There are no distributions of income or capital gains to be paid to unitholders included in the proceeds of FLSL's termination.
Franklin Templeton's ETF platform is designed to seek better client outcomes through a diverse and innovative product suite offered across asset classes and geographies. Over 90 ETFs are offered globally, providing solutions for a range of market conditions and investment opportunities through active, smart beta and passively managed ETFs. The ETF platform has approximately US$10 billion in assets under management globally as of August 31, 2020 and is supported by the strength and resources of one of the world's largest asset managers.
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expenses before investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.
About Franklin Templeton
Franklin Templeton Investments Corp. (known as Franklin Templeton Canada) is a subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, alternatives and custom multi-asset solutions. With offices in over 30 countries and 1,300 investment professionals, the California-based company has more than 70 years of investment experience and approximately US$1.4 trillion (approximately CA$1.9 trillion) in assets under management as of August 31, 2020. For more information, please visit franklintempleton.ca and connect with Franklin Templeton on Twitter, Facebook and LinkedIn, and read the Beyond Bulls & Bears blog.
SOURCE Franklin Templeton Investments Corp.
Media Contacts : Sarah Kingdon, Corporate Communications, Franklin Templeton, 416.957.6191, [email protected]; David Sylvester, Corporate Communications, Franklin Templeton, 416.957.6560, [email protected]
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