James M. Davis

Franklin Ltd. Duration Income Trust is a closed-end investment company. It seeks to provide high, current income, with a secondary objective of capital appreciation to the extent possible and consistent with the Fund?s primary objective, through a portfolio consisting primarily of high-yield corporate bonds, floating rate corporate loans and mortgage- and other asset-backed securities. The company was founded on August 27, 2003 and is headquartered in San Mateo, CA.

Templeton Russia & East European Fund, Inc. operated as a closed-end investment trust company. The fund's investment objective was to seek long-term capital appreciation. It was founded on September 30, 1994 and was headquartered in Fort Lauderdale, FL.

Templeton Emerging Markets Fund operates as a non-diversified, closed-end management investment company. It is designed for investors seeking long-term capital appreciation through equity investments. The company was founded on February 26, 1987 and is headquartered in Fort Lauderdale, FL.

Saba Capital Income & Opportunities Fund II operates as a closed-end Investment Fund. Its portfolio includes debt and income producing securities. The company was founded on March 17, 1998 and is headquartered in Fort Lauderdale, FL.

Templeton Emerging Markets Income Fund operates as closed-end Investment fund. Its investment objective is long-term capital appreciation by investing its net assets in emerging country equity securities. The company was founded on September 23, 1993 and is headquartered in Fort Lauderdale, FL.

Templeton Dragon Fund, Inc. operates as a closed-end investment trust. Its investment strategy employs a fundamental, value-oriented, and long-term approach. The company was founded on September 20, 1994 and is headquartered in Fort Lauderdale, FL.

Franklin Multi Income Trust operates as a closed-end investment fund/investment trust which is managed by Franklin Advisers, Inc. Franklin Templeton Services, LLC administers the trust. It is headquartered in Mateo, CA.

Franklin Universal Trust is a closed-end investment trust. It invests in debt, equity, precious metals, and natural resources securities. Its investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. The company was founded on September 23, 1988 and is headquartered in San Mateo, CA.