Franklin Templeton Investments Corp. announced Friday unitholders of Bissett Income Trust Fund have voted in favour of merging this fund into the Bissett Income Fund. The merger will take effect as of the close of business on June 8.

Managed by Leslie Lundquist, the $886 million Bissett Income Fund seeks a high level of after-tax cash flow by investing primarily in income-producing Canadian securities, including income trusts, common shares, preferred shares and fixed income instruments.