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Annual Report and Shareholder Letter December 31, 2016Franklin Mutual Shares Fund A SERIES OF FRANKLIN MUTUAL SERIES Unassign up for electronic delivery at franklintempleton.com/edeliveryFranklin
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How to fill out a shareholder letter?

01
First, begin by addressing the letter to the shareholders. Include a formal salutation, such as "Dear Shareholders" or "To Our Shareholders."
02
Next, provide an opening paragraph that expresses gratitude for the shareholders' continued support and briefly highlights any significant achievements or milestones of the company during the period covered by the letter.
03
In the subsequent paragraphs, provide updates and insights about the company's performance, including financial results, key projects or initiatives, and any significant changes or developments since the last shareholder communication. It is important to be clear, concise, and transparent in sharing this information.
04
Additionally, consider including any relevant market or industry trends, opportunities, and challenges that may impact the company and its shareholders. This can help provide a broader context for the company's performance.
05
Towards the end of the letter, emphasize the company's future outlook and strategies. Share any upcoming plans, goals, or objectives, and outline how the company aims to navigate potential challenges or seize opportunities.
06
Finally, conclude the letter with a sincere closing, expressing gratitude for the shareholders' ongoing support, encouraging them to reach out with any questions or comments, and providing contact information for further communication.

Who needs a shareholder letter?

01
Publicly traded companies: Shareholder letters are typically required for publicly traded companies as part of their ongoing investor relations efforts. It helps maintain transparency and keep shareholders informed about the company's performance and future prospects.
02
Large private companies: Although not a legal requirement, larger private companies may also choose to issue shareholder letters to keep their investors informed and involved in the business.
03
Startups and small businesses: While not as common, startups and small businesses may also find value in sending shareholder letters to keep their investors updated on progress, milestones, and potential challenges.
In summary, any company with shareholders, regardless of its size or legal status, can benefit from sending shareholder letters as a means of communication, transparency, and maintaining a positive relationship with investors.
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A shareholder letter is a document written by a company's management to its shareholders that provides an overview of the company's performance and future outlook.
Publicly traded companies are required to file a shareholder letter with the Securities and Exchange Commission (SEC) as part of their annual report.
To fill out a shareholder letter, companies should include information on financial performance, strategic initiatives, and key achievements over the reporting period.
The purpose of a shareholder letter is to keep investors informed about the company's progress, performance, and future plans.
Information such as financial results, operational highlights, strategic direction, and risk factors must be reported on a shareholder letter.
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