Amadeusz Juskowiak

Franklin resources ben forms three funds

Franklin Resources Inc said it formed three mutual funds that free Pennsylvania residents of taxes levied by the states counties on stocks bonds and mutual fund shares

The funds include the Franklin Pennsylvania Investors US Government Securities Fund which invests in Ginnie Mae securities and the Franklin Pennsylvania Investors High Income Fund investing in highyield corporate bonds Both funds pay monthly dividends

The Franklin Pennsylvania Investors Equity Fund invests in stocks of US companies and pays semiannual dividends