AMENDMENT TO DISTRIBUTION AGREEMENT
AMENDMENT TO
DISTRIBUTION AGREEMENT
This Amendment, dated as of May 13, 2020, is to each Distribution Agreement, as amended and/or restated to date (each, an “Agreement”), by and between Franklin Xxxxxxxxx Distributors, Inc., a registered broker-dealer under the provisions of the Securities Exchange Act of 1934, as amended, and a member of the Financial Industry Regulatory Authority (the “Distributor”), and each registered open-end investment company identified on Schedule A (each, an “Investment Company”).
WITNESSETH:
WHEREAS, the Distributor and each Investment Company wish to amend the applicable Agreement as provided herein; and
WHEREAS, the Board of Trustees of each Investment Company, including a majority of Trustees who are not interested persons (as defined in the Investment Company Act of 1940, as amended) of the Investment Company, approved the following amendment on May 13, 2020.
NOW, THEREFORE, in consideration of the foregoing premises, the parties hereto agree that each Agreement is amended to include a new appropriately numbered paragraph/section, as applicable, at the end of the Agreement as follows:
Where the effect of a requirement of the 1940 Act reflected in any provision of the Agreement is revised by rule, interpretation or order of the SEC, such provision shall be deemed to incorporate the effect of such rule, interpretation or order.
[Signature page follows.]
IN WITNESS WHEREOF, this Amendment has been executed on behalf of each party as of the date set forth above.
Franklin
Xxxxxxxxx Distributors, Inc.
By: /s/
Xxx X’Xxxx
Name: Xxx X’Xxxx
Title: President
Each Investment Company listed on Schedule A
By: /s/ Xxxxxx X. Xxxx
Name:
Xxxxxx X. Xxxx
Title: Vice President and Co-Secretary
Schedule A
Investment Company |
Franklin California Tax-Free Income Fund |
Franklin California Tax-Free Trust |
Franklin Custodian Funds |
Franklin Federal Tax-Free Income Fund |
Franklin Fund Allocator Series |
Franklin Global Trust |
Franklin High Income Trust |
Franklin Investors Securities Trust |
Franklin Municipal Securities Trust |
Franklin New York Tax-Free Income Fund |
Franklin New York Tax-Free Trust |
Franklin Strategic Mortgage Portfolio |
Franklin Tax-Free Trust |
Franklin U.S. Government Money Fund |
Institutional Fiduciary Trust |
