SOURCE: Franklin Templeton

Franklin Templeton

December 07, 2015 15:42 ET

Templeton Russia and East European Fund, Inc. Announces Final Liquidating Distributions

FORT LAUDERDALE, FL--(Marketwired - Dec 7, 2015) - The Templeton Russia and East European Fund, Inc. (the "Fund") announced today the details of its final liquidating distributions payable to shareholders of record on November 20, 2015. On December 16, 2015, the Fund will pay a total distribution, comprised entirely of net investment income, of $0.4425 per share. The Fund will pay out its final liquidating distribution, representing the release of all remaining Fund assets available to shareholders, on December 18, 2015. As previously announced, the Fund was delisted from the New York Stock Exchange on November 20, 2015 in connection with the Fund's liquidation.

The Fund's investment manager, Templeton Asset Management Ltd., is an indirect, wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 150 countries. Through specialized teams, the company has expertise across all asset classes -- including equity, fixed income, alternative and custom solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and over $801 billion in assets under management as of October 31, 2015. For more information, please visit franklintempleton.com.