An anonymous representative of Franklin Templeton Canada reports

FRANKLIN TEMPLETON CANADA ANNOUNCES ETF CASH DISTRIBUTIONS AND ESTIMATED ANNUAL REINVESTED DISTRIBUTIONS

Franklin Templeton Canada has declared cash distributions for certain exchange-traded funds and ETF series of mutual funds available to Canadian investors.

As detailed in an attached table, unitholders of record as of Dec. 1, 2023, will receive a per-unit cash distribution payable on Dec. 8, 2023.

Estimated annual reinvested distributions

Unitholders of record on Dec. 29, 2023, will receive a per-unit reinvested distribution payable on Jan. 8, 2024. These annual reinvested distributions, detailed in an attached table, are estimates only as of Sept. 29, 2023. The final year-end distribution amounts will be declared on Dec. 19, 2023.

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. The annual reinvested distributions, as applicable, are expected to be capital gains in nature for each of the ETFs.

The actual taxable amounts of cash and reinvested distributions for 2023, including the tax characteristics of the distributions, will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2024.