Liquidation: TEMPLETON INCOME TRUST
Form Type: 497
Filing Date: 2025-05-30
Corporate Action: Liquidation
Type: New
Accession Number: 000174177325002457
Filing Summary: On May 29, 2025, the Board of Trustees of Templeton Income Trust approved a proposal to liquidate and dissolve the Templeton International Bond Fund. The liquidation is expected to occur on or about August 8, 2025, but may happen sooner if there are no shares outstanding. The Fund will close to new investors on July 2, 2025, though existing investors can continue to invest. Certain categories of investors will still be able to open new accounts after the market closes. Shareholders on the Liquidation Date will have their accounts liquidated and proceeds delivered to them, with tax implications detailed for taxable accounts. Shareholders are advised to consult tax advisers regarding their individual situations. Furthermore, participants in Employer Sponsored Retirement Plans should seek information from their plan sponsors regarding the liquidation's impact.
Additional details:
Liquidation Date: 2025-08-08
Closing Date For New Investors: 2025-07-02
Last Purchase Date: 2025-08-05
Taxable Account Implications: taxable gain or loss recognized
Form Type: 497K
Filing Date: 2025-05-30
Corporate Action: Liquidation
Type: New
Accession Number: 000174177325002460
Filing Summary: On May 29, 2025, the Board of Trustees of Templeton Income Trust approved a proposal to liquidate and dissolve the Templeton International Bond Fund. The anticipated liquidation date is on or about August 8, 2025, although it may occur sooner if there are no shares outstanding prior to that date. The fund will close to new investors on July 2, 2025, but existing investors will be allowed to continue investing through exchanges and additional purchases. Specific categories of investors will still be permitted to open new accounts after the closure date. Shareholders will have their accounts liquidated on the liquidation date, receiving proceeds, which may lead to taxable gains or losses. Shareholders are advised to consult with tax advisers and financial advisors regarding the implications of the liquidation.
Additional details:
Liquidation Date: 2025-08-08
Closure Date: 2025-07-02
Allowed Investors: clients of discretionary investment allocation programs, Employer Sponsored Retirement Plans
Tax Implications: liquidation proceeds treated as exchange for shares, taxable distributions possible, exchanges considered taxable transactions
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