Franklin Templeton Discontinues Reorganization of Western Asset Total Return ETF into Western Asset Bond ETF

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton today discontinued the proposed reorganization of Western Asset Total Return ETF (WBND) into the Western Asset Bond ETF (WABF) due to WBND’s failure to receive the requisite shareholder approval of the reorganization at today’s special meeting of shareholders of WBND.

In light of WBND’s failure to garner the requisite votes necessary to approve the reorganization, it is anticipated that, at a future date, the Board of Trustees of WBND may consider other actions that it may deem to be necessary or appropriate for WBND.

On September 6, 2024, Franklin Templeton announced the proposed reorganization of WBND into WABF subject to the approval of WBND shareholders.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and approximately $1.6 trillion in assets under management as of December 31, 2024. For more information, please visit franklintempleton.com and follow us on LinkedIn, X and Facebook.

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