AGREEMENT AND PLAN OF REORGANIZATIONAgreement and Plan of Reorganization • January 7th, 2020 • Franklin Investors Securities Trust • Delaware
THIS AGREEMENT AND PLAN OF REORGANIZATION (the “Plan”) is made as of this 17th day of July, 2019 by and between Franklin Investors Securities Trust (“FIST”), a statutory trust created under the laws of the State of Delaware, with its principal place of business at One Franklin Parkway, San Mateo, CA 94403-1906, on behalf of its series, Franklin Low Duration Total Return Fund (the “Acquiring Fund”), and Franklin Strategic Series (“FSS”), a statutory trust created under the laws of the State of Delaware, with its principal place of business at One Franklin Parkway, San Mateo, CA 94403-1906, on behalf of its series, Franklin Flexible Alpha Bond Fund (the “Target Fund”). Franklin Advisers, Inc. (“FAI”), a Delaware limited liability company, investment manager to the Acquiring Fund and the Target Fund, joins this Plan solely for purposes of Section 7.
December 6, 2019Franklin Investors Securities Trust • January 7th, 2020
In rendering our opinion, we have reviewed and relied upon: (a) a copy of the executed Plan, dated as of July 17, 2019, as amended on October 25, 2019; (b) the Prospectus/Proxy Statement provided to shareholders of the Target Fund dated September 16 , 2019; (c) certain representations concerning the Reorganization made to us by the Acquiring Fund and the Target
AMENDMENT TO AGREEMENT AND PLAN OF REORGANIZATIONAgreement and Plan of Reorganization • January 7th, 2020 • Franklin Investors Securities Trust
This amendment (the “Amendment”), dated October 25, 2019, amends the Agreement and Plan of Reorganization made as of July 17, 2019, by and between Franklin Investors Securities Trust (“FIST”), a statutory trust created under the laws of the State of Delaware, with its principal place of business at One Franklin Parkway, San Mateo, CA 94403-1906, on behalf of its series, Franklin Low Duration Total Return Fund, and Franklin Strategic Series (“FSS”), a statutory trust created under the laws of the State of Delaware, with its principal place of business at One Franklin Parkway, San Mateo, CA 94403-1906, on behalf of its series, Franklin Flexible Alpha Bond Fund (the “Agreement”). Capitalized terms used in this Amendment without definition shall have the respective meanings ascribed to such terms in the Agreement.
