Voting for Franklin Templeton schemes ends
SECTIONS
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Synopsis
The unitholders’ meetings have brought the voting process to an end. The Supreme Court will decide the further course of action in its next hearing in January, 2021.
Agencies
Franklin attributed this to its dominance in market for lower-rated bonds.
The trustees of Franklin Templeton Mutual Fund told unitholders of the six shut debt schemes that these schemes have managed to get more money from issuers than what was projected earlier. In the six video meetings held on Tuesday, top management and trustees of Franklin Templeton assured investors that if the outcome of the voting process is a ‘Yes’, it would be able to monetize the papers faster while preserving their value of investments, as market conditions have become far more conducive.