SCHEDULE 14A
(RULE 14A-101) INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE
SECURITIES EXCHANGE ACT OF 1934
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14a-6(e)(2))
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TEMPLETON DRAGON FUND, INC.
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(Name of Registrant as Specified in its Charter)
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TEMPLETON DRAGON FUND, INC.
Broward Financial Centre
500 E. Broward Blvd./Suite 1200
Ft. Lauderdale, FL 33394-3091
FRANKLIN(R)TEMPLETON(R)INVESTMENTS Tel 954-527-7500
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FOR IMMEDIATE RELEASE:
For more information, please contact Franklin Templeton Investments at
1-800-342-5236. Members of the media should contact Lisa Gallegos at Franklin
Templeton Corporate Communications at 650-312-3395.
TEMPLETON DRAGON FUND, INC.
ANNOUNCES RESULTS OF ANNUAL MEETING OF SHAREHOLDERS
Ft. Lauderdale, Florida, May 3, 2002. TEMPLETON DRAGON FUND, INC. (THE "FUND")
(NYSE: TDF), a closed-end management investment company, announced that
shareholders approved the election of Directors (Proposal One) at the Fund's
Annual Meeting of Shareholders held today. The Fund also announced that the
Annual Meeting was adjourned with respect to Proposals 2, 3 (including 3
Sub-Proposals) and 4 to permit further solicitation of proxies.
Shareholders are being asked to approve an Agreement and Plan of Reorganization
that provides for the reorganization of the Fund from a Maryland corporation to
a Delaware business trust (Proposal 2). Shareholders are also being asked to
approve amendments to certain of the Fund's fundamental investment restrictions
(Proposals 3(a)-3(c)) and the elimination of certain of the Fund's fundamental
investment restrictions (Proposal 4), in order to provide the Fund with greater
investment flexibility to meet its investment objective and to modernize its
investment restrictions.
The adjournment will give shareholders an additional opportunity to consider
Proposals 2 through 4 and to exercise their voting rights. The Annual Meeting
will be reconvened with respect to these Proposals on Wednesday, May 29, 2002 at
3:00 p.m. Eastern time at 500 East Broward Boulevard, Fort Lauderdale, Florida.
Templeton Asset Management Ltd., the Fund's investment adviser, is an indirect
wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global
investment organization operating as Franklin Templeton Investments. Franklin
Templeton Investments provides global and domestic investment management
services through its Franklin, Templeton, Mutual Series and Fiduciary Trust
subsidiaries. The San Mateo, CA-based company has over 50 years of investment
experience and approximately $274 billion in assets under management as of March
31, 2002. For more information, please call 1-800/DIAL BEN(R) (1-800-342-5236).
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