Franklin Templeton Update

1. Franklin Templeton (Trustees) - six schemes under winding up - have announced dates of voting to seek consent of Unitholders to wind up. Voting begins 26Dec20 at 9am

2. Supreme Court will continue to hear the case - Next hearing on 9th Dec

(1/n)

Q1: What is the voting about by FT
Ans: To validate/approve decision of Trustees to wind up 6 schemes - both Guj & Knataka Courts said Unitholder consent is mandatory

FT has now agreed to do this and this vote will take ur consent to either wind up the scheme or NOT.

(2/n)

Q2: What are the options in this Voting?

Ans: This will be the first voting. (There will be a second vote, I will explain in thread later)

In this Vote, you will have two options
YES - Wind up Schemes
No - Do not wind up, open them up

You have to choose one option

(3/n)

Q3: Should I vote YES or No?

Ans: There is fatigue in investors as their money is locked up for in these tough Covid times. It's been now over 7 months

Most investors take it as fait accompli to vote YES
FT is exhorting investors to vote YES as the best way ahead

(4/n)

Q4: But how should investors vote? YES or No?

Ans: YES will lead to wind up at a pace defined by winder (the person winds up the scheme). This will lead to best value realisation of underlying assets

NO- Will lead to immediate access to money but not best value for you

(5/n)