TORONTO, Jan. 3, 2018 /CNW/ - Franklin Templeton
Investments Canada announced today the final December 2017 cash distributions and annual
reinvested distributions for Franklin Liberty Canadian Investment
Grade Corporate ETF (FLCI), Franklin Liberty Risk Managed Canadian
Equity ETF (FLRM), Franklin LibertyQT U.S. Equity Index ETF (FLUS)
and Franklin LibertyQT International Equity Index ETF (FLDM),
available to Canadian investors. This is an update to the estimated
December 2017 cash distributions and
annual reinvested distributions previously announced on
December 18, 2017.
For the December 2017 cash
distributions, unitholders of record on December 29, 2017 will receive a per-unit cash
distribution payable on January 8,
2018.
The annual reinvested distributions, as applicable, will not be
paid in cash but reinvested in additional units and reported as
taxable distributions, with a corresponding increase in each
unitholder's adjusted cost base of their units of the respective
ETF. The additional ETF units will be immediately consolidated so
that the number of units held by the unitholder, the outstanding
units and the net asset value of the ETFs will not change as a
result of the annual reinvested distribution. Unitholders of record
on December 29, 2017 will receive a
per-unit reinvested distribution.
The final per-unit cash and reinvested distribution amounts in
Canadian dollars and distribution frequency for each ETF are
detailed in the table below:
Fund
Name
|
Ticker
|
Final
Cash
Distribution
Per Unit ($)
|
Distribution
Frequency
|
Final
Annual
Reinvested
Distribution
Per Unit ($)
|
Franklin Liberty
Canadian Investment Grade Corporate ETF
|
FLCI
|
0.092556
|
Monthly
|
0.000000
|
Franklin Liberty Risk
Managed Canadian Equity ETF
|
FLRM
|
0.148684
|
Quarterly
|
0.000000
|
Franklin LibertyQT
U.S. Equity Index ETF
|
FLUS
|
0.097049
|
Quarterly
|
0.236430
[[1]]
|
Franklin LibertyQT
International Equity Index ETF
|
FLDM
|
0.363248
|
Semi-annually
|
0.000968
[[2]]
|
The taxable amounts of cash and reinvested distributions for
2017, including the tax characteristics of the distributions, will
be reported to brokers through CDS Clearing and Depository Services
Inc. in early 2018.
For more information, please visit LibertyShares.ca.
About Franklin Templeton Investments
Franklin Templeton Investments Corp. (known as Franklin
Templeton Investments Canada) is a subsidiary of Franklin
Resources, Inc. [NYSE:BEN]. Franklin Resources, Inc. is a global
investment management organization operating as Franklin Templeton
Investments, which provides global and domestic investment
management to retail, institutional and sovereign wealth clients in
over 170 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
650 investment professionals are supported by its integrated,
worldwide team of risk management professionals and global trading
desk network. With offices in over 30 countries, the California-based company has 70 years of
investment experience and over US$753
billion (C$971 billion) in
assets under management as of November 30,
2017. For more information, please visit
franklintempleton.ca.
Connect with Franklin Templeton Investments Canada on Twitter,
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featuring perspectives from Franklin
Templeton investment professionals around the
world.
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 trade like stocks, fluctuate
in market value and may trade at prices above or below the ETF's
net asset value. Brokerage commissions and ETF expenses will reduce
returns. Performance of an ETF may vary significantly from the
performance of an index, as a result of transaction costs, expenses
and other factors. ETFs are not guaranteed, their values change
frequently and past performance may not be repeated.
1 The annual reinvested distribution for
Franklin LibertyQT U.S. Equity Index ETF will be capital gains in
nature.
2 The annual reinvested distribution for
Franklin LibertyQT International Equity Index ETF will be income in
nature.
SOURCE Franklin Templeton Investments Corp.