Franklin Double Tax-Free Income Fund closes to new investors June 15

By Toni Weeks

San Diego, May 25 - Franklin Tax-Free Trust announced in a 497 filing with the Securities and Exchange Commission that the Franklin Double Tax-Free Income Fund is closed to all new investors, effective June 15.

Existing investors may continue to invest through exchanges and additional purchases until Aug. 1, at which time the fund will be close to all additional investments from existing shareholders, with the exception of purchases made through reinvestment of dividends or capital gains distributions.

Re-registration of accounts held by existing investors, if required for legal transfer or administrative reasons, will be allowed, the filing noted.

San Mateo, Calif.-based Franklin Advisers, Inc. serves as the fund's investment adviser.

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