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LIMITED OFFERING - THIS FUND OR SHARE CLASS HAS BEEN CLOSED TO NEW INVESTORS.
Nov 22 2021 Reorganization Effective November 19, 2021

Effective November 19, 2021, this fund was reorganized into Franklin Federal Tax-Free Income Fund. Please contact your financial professional or Shareholder Services for more information.

Sep 10 2018 Changes to Class A Shares

Class A shares (NASDAQ: FRFLX) were renamed Class A1 and closed to new investors. Existing Class A1 shareholders may continue to add money to their accounts. A new Class A share (NASDAQ: FQFLX) launched with a different expense structure, in which new shareholders can invest.

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Manager and Commentary

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