FRANkLiN TEMPLETON INVESTMENT FUNDS - Citibank

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PROSPECTUS OF FRANKLIN TEMPLETON INVESTMENT FUNDS The Board of Directors of the Company is also authorised to accept applications for Shares in whole or in part in specie, having due regard to the applicable requirements prescribed by the laws of the Grand Duchy of Luxembourg. The Board of Directors or the Transfer Agent reserves the right to net applications for Shares as well as redemption requests received in respect of the same personal account number on the same Valuation Day for the same Class of Shares pertaining to the same Fund. As a result, only the net order will be processed. Payment should be made to the bank account set forth by the Principal Distributor as appropriate to the currency of settlement. Cheques and bank drafts should be remitted to the Distribution Controller, a relevant Share Distributor or a designated Paying Agent, whichever is applicable. The allotment of Shares is conditional upon receipt of subscription monies, including any applicable initial sales charge, which must be paid within five (5) Luxembourg bank business days of the Valuation Day. Any confirmation statement or Share certificate and any monies returnable to the investor will be retained by the Company pending clearance of the remittance. If timely settlement is not made, an application may lapse and be cancelled. In such circumstances, the Company has the right to bring an action against the defaulting investor to obtain compensation for any loss directly or indirectly resulting from the failure by the investor to make good settlement by the settlement date. The Board of Directors may decide from time to time, with respect to specific applications for subscription, that subscription monies in cleared funds must be received on the Valuation Day. The Articles allow the Company to exclude or restrict the holding of Shares by any person or company. Pursuant thereto, the beneficial ownership of Shares in the Company by U.S. Persons is excluded except in a transaction that does not violate U.S. law. The sale of Shares to or on behalf of any person in any other jurisdiction is excluded except in a transaction that complies with the laws of that jurisdiction. The Company is entitled to require any person applying for, or claiming ownership rights in, any Shares to provide satisfactory information to establish that person’s nationality and country of residence. Subject to receipt of the subscription monies in full and the registration particulars, confirmation statements together with registered Share certificates, if requested, will, within fourteen (14) Luxembourg bank business days of completion of the subscription process, be dispatched in accordance with the investor’s instructions to the investor or its nominated agent, at the risk of the investor. If any application is not accepted in whole or in part, the subscription monies will be returned to the investor by cheque or by wire transfer at the risk of the investor. The Company reserves the right to present all cheques and drafts for payment on receipt and to withhold, in respect of registered Shares, registration and Share certificates, pending clearance of the investor’s cheque(s) or wire transfer order. The right is reserved by the Board of Directors of the Company to reject any application. In addition, the Board of Directors reserves the right at any time, without notice, to discontinue the issue or sale of Shares pursuant to this Prospectus. No Shares of any Class of any Fund will be issued by the Company during any period when calculation of the net asset value per Share is suspended by the Company pursuant to the power reserved to it by its Articles and as described in Appendix D. Notice of any such suspension will be given to investors for Shares, and applications made or pending during such suspension may be withdrawn by notice in writing received by the Company prior to the lifting of such suspension. Unless withdrawn, applications will be considered on the first Valuation Day following the end of the suspension, as if received on that Valuation Day. Investors should promptly check the confirmation statement that is mailed after each transaction in order to ensure that it has been accurately recorded in their account. Claims should be submitted in writing to the local Franklin Templeton Investments servicing office within fifteen (15) days from the statement date. These confirmation statements are private and confidential. To safeguard your holdings in the case of loss or theft of these statements (or of your identity documents/ passport), please immediately inform your local Franklin Templeton Investments servicing office. 50 Franklin Templeton Investment Funds
PROSPECTUS OF FRANKLIN TEMPLETON INVESTMENT FUNDS Redemption of Shares Shares of any Class in any Fund can be redeemed on any Valuation Day. A Shareholder wishing to have all or any of his Shares redeemed should ask to do so by written request or, if expressly allowed by the Transfer Agent, by facsimile, telephone or electronic request specifying the Class, the Fund, the Class ISIN code (please refer to Appendix G of the Prospectus for details of ISIN codes) and (i) number of Shares to be redeemed, (ii) the amount of the redemption stated in the Fund’s base currency or, if applicable, the Fund’s alternative currency, or (iii) the percentage holding of Shares to be redeemed, together with giving instructions for the payment of redemption proceeds (including the relevant bank details). Concerning redemption requests made by telephone, facsimile and electronic means, the Transfer Agent may at its own discretion, request a written and duly signed confirmation, in which case it may delay the processing of the request until receipt of written confirmation thereof. Documentation procedures are set forth below. Any request to redeem Shares may not be executed until any previous transaction involving the Shares to be redeemed has been completed and full settlement on those Shares received. Such request to redeem will be dealt with at the net asset value per Shares determined on the Valuation Day during which the previous transaction is completed and fully settled. If there is any discrepancy between the name of the Fund(s) class, the Class ISIN code or the Fund (s) Class currency quoted in the redemption request, the request will be processed on the basis of the ISIN code quoted in the redemption requests. All Shares tendered for redemption shall be redeemed, in the case of complete redemption requests received by the Transfer Agent in Luxembourg or the relevant appointed Share distributor, on any date that is a Valuation Day before the appropriate dealing cut- off time as described in Appendix A, at the relevant net asset value per Share determined on that Valuation Day, subject to any applicable CDSC, as described in the section “Investment Management Fees and Sales Charge Structure”. The net asset value per Share will be calculated on the basis of the statements set out in the section “Calculation of the Net Asset Value” in Appendix D. If a redemption request would result in a Shareholder’s investment in any one Fund being less than USD 2,500 (or equivalent), the Company may redeem at any time the full shareholding in that Fund and pay the proceeds to the Shareholder. The Board of Directors of the Company or the Transfer Agent reserve the right to net all applications for Shares as well as redemption requests received from the same investor in respect of any personal account(s) on the same Valuation Day when such orders relate to the same Class of Shares pertaining to the same Fund. As a result, only the net order will be processed. Payment for Shares redeemed will be made not later than five (5) Luxembourg bank business days after the redemption request has been received in good order. For registered Shares, the redemption proceeds will be remitted either as requested by the Shareholder, by transfer of funds or by cheque made out in the name of the Shareholder and mailed to address of record as shown in the Shareholders’ register (any charges in either case being at the expense of the Shareholder). For bearer Shares, the cheque will be mailed to the Shareholder, or at the request and expense of the Shareholder, by transfer of funds, to the account indicated by the Shareholder. Cheques will normally be drawn in the currency of the relevant Fund. However, cheques can be drawn in any freely exchangeable currency and the necessary foreign exchange transactions will be arranged. All such transactions will be made on behalf of, and at the expense of, the Shareholder. All payments are made at the Shareholder’s risk with no responsibility on the part of the Principal Distributor, the Distribution Controller, the Transfer Agent, the Share Distributors and/or the Investment Managers or the Company. Payment of redemption proceeds for any redemption request made in respect of Shares recently purchased by cheque or banker’s draft may be delayed for fifteen (15) Luxembourg bank business days or more to allow the cheque or banker’s draft to clear. A certified or banker’s cheque may clear in less time. www.franklintempleton.lu 51
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Mandatory Statement Applicable to a
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FRANkLiN TEMPLETON INVESTMENT FUNDS - Citibank

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