Franklin Templeton's strategy delivered a total shareholder return of 1,340% for the fund's shares and 495% for the Net Asset Value (NAV) in RON, according to a fund's press statement released on Monday .
The fund's share price performance outpaced major global, regional, and local indices, including MSCI ACWI, S&P 500, STOXX Europe 600, MSCI Emerging Markets and Bucharest Stock Exchange indices during this period.
Over the past 15 years, the fund contributed to attracting approximately USD 1.5 billion in new foreign portfolio investments into Romania and completed around 50 transactions with a total value of approximately USD 4.3 billion. These include the landmark listing of Hidroelectrica S.A., the largest IPO ever in Romania.
At the same time, over RON 29.2 billion / USD 7.1 billion were returned to the fund's shareholders through dividends, capital returns, and share buyback programs.
Franklin Templeton International Services S.A.R.L. strongly reaffirms its long-standing commitment to Fondul Proprietatea, its shareholders and Romania, confirming its readiness as a global asset manager to continue acting as the fund's manager for a new four-year tenure, ensuring continuity, stability, and focus on shareholder value creation.
The proposal is to be submitted for approval by the shareholders of Fondul Proprietatea at the General Meeting of Shareholders scheduled for February 26/27, 2026, following the decision adopted at the General Shareholders' Meeting of September 29, 2025. The tenure would run from April 1, 2026 to April 1, 2030 and includes the approval of the commercial terms and the signing of a new management contract.
According to the fund manager, over the past 15 years, under Franklin Templeton's management of the fund, Fondul Proprietatea, has played a vital role in protecting the rights of minority shareholders, actively advocating for improved corporate governance, transparency, efficiency, profitability and responsibility within state-owned companies.
"Franklin Templeton is in the best position to continue to create value for all its shareholders, building on the implementation of a well proven strategy to increase the value of portfolio companies, active engagement in relation to the companies in the fund's portfolio and cash distributions to shareholders," according to Portfolio Manager of Fondul Proprietatea, Daniel Naftali.
Launched in December 2005, Fondul Proprietatea was established to compensate Romanians whose properties were confiscated by the former communist government. Following an international tender announced in December 2008, Franklin Templeton Investments was officially appointed as investment manager and sole administrator of the Fund on 29 September 2010.The fund is an alternative investment fund and its investment objective is the maximisation of returns to shareholders and the increase of the net asset value per share via investments mainly in Romanian equities and equity-linked securities.
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