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HomeMy WebLinkAbout04-29-0815056041125 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes County Code Year File Number PO BOX 280601 INHERITANCE TAX RETURN 2 1 0 8 0 1 5 6 Hanisburq PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 1 6 6 1 4 1 8 3 3 0 2 0 6 2 0 0 8 0 4 2 1 1 9 2 2 Decedent's Last Name E D W A R D S Suffix Decedent's First Name M A R Y (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name Spouse's Social Security Number MI V MI THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW O 1. Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death prior to 12-13-82) 4. Limited Estate ~ 4a. Future Interest Compromise (date of ~ 5. Federal Estate Tax Return Required death after 12-12-82) ^X 6. Decedent Died Testate ~ 7. Decedent Maintained a Living Trust ~ 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number G E R A L D J S H E K L E T S K I 7 1 7 7 7 4 7 4 3 5 Firm Name (If Applicable) n ~=~ ~`- _- ~~ -" REGISTEi~~DWILLS U~ONLY S T O N E L A F A V E R S H E K L E i T S K I } ~" ' ' ' = , ~ First line of address ' : ~ N : ~~~ ~ 4 1 4 B R I D G E S T ~ - -- -` - _-, -;-, Second line of address -k- _~~~ I DATE FILE ~ , ' d ZIP C ~ City or Post Office State o e - ---- -- - - ~ N E W C U M B E R L A N D P A 1 7 0 7 0 Correspondent's a-mail address: Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNA RE PE~N~ NSIBLE R FILING RETURN ~Fy ~ j~ iL( t `~ , JOHN C . EDWARDS, EXEC . 15 BRANDY AVE NEW CUMBERLAND PA 17 07 0 SIGNATU P,96iER-~T HAN R~D~f E DATE ~ ~ w GERALD J. SHEKLETSKI 414 BRIDGE ST. NEW CUMBERLAND PA 17070 PLEASE USE ORIGINAL FORM ONLY Side 1 15056041125 15056041125 J _J 15056042126 REV-1500 EX Decedent's Social Security Num ber Decedent's Name: MARY V. EDWARDS 1 6 6 1 4 1 8 3 3 RECAPITULATION 1. Real estate (Schedule A) ..................................... ... 1. 2. Stocks and Bonds (Schedule B) ...... ......................... ... 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) .. ... 3. 4. Mortgages & Notes Receivable (Schedule D) ...................... .. 4. 5. Cash, Bank De osits & Miscellaneous Personal Pro a ..... p p rty (Schedule E) .. 5. g 2 6 5 4 8 8 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ..... .. 6. 3 1 4 8 4 4 7. Inter-Vivos Transfers & Miscellaneous N n-Probate Property S h d l G ~ 1 6 7 5 6 6 7 ( c e u e ) Separate Billing Requested ..... .. 7. 8. Total Gross Assets (total Lines 1-7) ......................... .. 8. 1 1 2 5 5 9, 9 9 9. Funeral Expenses & Administrative Costs (Schedule H) . ..... ....... ... 9. ~ 0 5 2 . 4 3 10. Debts of Decedent, Mortgage Liabilities, 8 Liens (Schedule I) .. ....... ... 10. 11. Total Deductions (total Lines 9 & 10) ............ ..... ....... ... 11. 7 0 5 2 , 4 3 12. Net Value of Estate (Line 8 minus Line 11) .......... ..... ........ .. 12. 1 0 5 5 0 7 5 6 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ... ..... ........ .. 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) ... ..... ........ .. 14. 1 0 5 5 0 7 . 5 6 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x.o _ 0 0 0 15. 0. 0 0 16. Amount of Line 14 taxable at lineal rate X .045 1 0 5 5 0 7 5 6 16 4 7 4 7, 8 4 17. Amount of Line 14 taxable 0 0 0 0 0 0 at sibling rate X .12 17 . 18. Amount of Line 14 taxable t ll t l t X 1 0 0 0 0 0 0 a co era ra a e . 5 18 ` . 19. Tax Due .................................. .... ........ ..19. 4 7 4 7. 8 4 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 15056042126 15056042126 REV-1500 EX Page 3 Decedent's Complete Address: File Number 21 08 0156 DECEDENT'S NAME MARY V. EDWARDS STREET ADDRESS 801 N. HANOVER ST. __ CITY STATE ZIP CARLISLE PA 17013 Tax Payments and Credits: 1 Tax Due (Page 2 Line 19) 2. CreditslPayments A. Spousal Poverty Credit _ 8. Prior Payments _ C. Discount 3. InteresUPenalty if applicable D. Interest E. Penalty 237.39 (1) 4,747.84 Total Credits (A + B + C) (2) 237.39 Total InteresUPenalty (D + E) (3) 0.00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. (4) 0.00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 4,510.45 A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (56) 4,510.45 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred : .......................................................... ...... ^ ^X b. retain the right to designate who shall use the property transferred or its income; ................... ...... ............ ^ X^ c. retain a reversionary interest; or .................................................................................... ....... ^ 0 d. receive the promise for life of either payments, benefits or care? ........................................... ..... ............ ^ ^X 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ........................................................................... ............ Q ^ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ......... ^ X^ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ...................................................................................... ............ ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent (72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2) (72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. REV-1508 EX + (6-98) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MSC. INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER MARY V. EDWARDS 21 08 0156 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointlyowned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. OMEGA BANK CHECKING ACCOUNT NUMBER 40086548 3,038.70 2. WADDELL & REED SERVICES COMPANY ACCOUNT/FUND 18114181/628 12,893.06 3. WADDELL & REED SERVICES COMPANY ACCOUNT 18114181/750 62,957.42 4. FRANKLIN TEMPLETON INVESTMENTS -FRANKLIN HIGH INCOME FUND CLASS A 13,755.52 ACCOUNT NUMBER 105-50101165677 6,947.234 SHARES X $1.98 PER SHARE _ $13,755.52 5. SERVICE ELECTRIC CABLEVISION, INC. REFUND CHECK 10.18 TOTAL (Also enter on line 5, Recapitulation) S 92,654.88 (If more space is needed, insert additional sheets of the same size) REV-1509 EX + (6-98) • COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN SCHEDULE F JOINTLY-OWNED PROPERTY • RESIDENT DECEDENT ~ ~ ESTATE OF FILE NUMBER MARY V. EDWARDS 21 08 0156 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME I ADDRESS RELATIONSHIP TO DECEDENT 1501 BRANDY AVENUE NEW CUMBERLAND, PA 17070 A. JOHN C. EDWARDS a c JOINTLY-OWNED PROPERTY: SON ITEM NUMBER LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK AGCOUN7 NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. DATE OF DEATH VALUE OF ASSET °h OF DECD'S INTEREST DATE OF DEATH VALUE OF DECEDENT'S INTERES' 1. A. 2/1/07 M&T BANK CERTIFICATE OF DEPOSIT ACCOUNT 6,296.88 50. 3,148.44 NUMBER 031003917684077 TOTAL (Also enter on line 6, Recapitulation} I $ 3,148.44 (If more space is needed, insert additional sheets of the same size) REV-1510 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN ESTATE OF SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY FIDE NUMBER MARY V. EDWARDS 21 08 0156 This schedule must be completed and filed if the answer to any of questions t through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBER DESCRIPTfON OF PROPERTY wcwoerHennrnE~THeranNSFeRee,rHEiar~urioNSHiarooeceoer+rnrio rHeoarEOFrauasreR ArrACHaeoarorrHeoeeoFOaaEUesrnre DATE OF DEATH VALUE Of ASSET %OFDECD'S INTEREST EXCLUSION IiFnraueaeiei TAXABLE VALUE 1. M&T BANK SAVINGS ACCOUNT #015004215132561 15,779.39 100. 3,000.00 12,779.39 TRANSFEREE -JOHN C. EDWARDS (SON) 2. M&T BANK CHECKING ACCOUNT #9846366871 353.97 100. 353.97 TRANSFEREE -JOHN C. EDWARDS (SON) 3. M&T BANK CERTIFICATE OF DEPOSIT 3,623.31 100. 3,623.31 ACCOUNT #031003917684077 TRANSFEREE -JOHN C. EDWARDS (SON) _ TOTAL (Also enter on line 7 Recapitulation) ~ $ 16, 756.67 (If more space is needed, insert additional sheets of the same size) REV-1511 EX + (12-99) COMMONWEALTH OF PENNSYLVANIA - INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER MARY V. EDWARDS 21 08 0156 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. PARTHEMORE FUNERAL AND CREAMATION SERVICES, INC. 1,853.12 B. 2. 3. 4 ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative (s) Social Security Number(s)lEIN Number of Personal Representative(s) Street Address City State Year(s) Commission Paid: Attorney Fees GERALD J. SHEKLETSKI, ESQ. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Relationship of Claimant to Decedent Probate Fees LETTERS TESTAMENTARY 5 Accountant's Fees 6. Tax Return Preparer's Fees 7. THE PATRIOT-NEWS -LEGAL ADVERTISING 8. CUMBERLAND LAW JOURNAL -LEGAL ADVERTISING 9. FILING FEES -INHERITANCE TAX RETURN AND INVENTORY 260.00 134.31 75.00 30.00 TOTAL (Also enter on line 9, Recapitulation) I ; 7,052.43 Zip 4,700.00 Zip (If more space is needed, insert additional sheets of the same size) REV-7513 EX + ~g_00) COMMONWEALTH OF PENNSYLVANIA • INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER MARY V. EDWARDS 21 08 0156 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE } TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)} JOHN C. EDWARDS 1501 BRANDY AVENUE NEW CUMBERLAND, PA 17070 Lineal 105,507.56 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II. NON-TAXABLE DISTRIBUTIONS; A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART I I -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET (If more space is needed, insert additional sheets of the same size) ~..~.~ ~~.~t ~i11 .---~ ~.n~ r-----,. C~IP~~~.m~rtt I, MARY V. EDWARDS, of 19 Countrys ide Village, Selinsgrove, Township of Monroe, County of Snyder and Commonwealth of Pennsylvania, being of sound and disposing mind, memory and understanding, make, publish and declare this to be my Last Will and Testament hereby revoking all wills and codicils by me at anytime heretofore made. ITEM I: I give, devise and bequeath all my property of whatsoever nature or kind and wheresoever situate unto my beloved husband, Howard C. Edwards, if he is living at my death. ITEM II: Should my husband, Howard C. Edwards, predecease me, then I give, devise and bequeath all my property, or the proceeds therefrom, to my son, John C. Edwards, or to his issue, per stirpes. ITEM III: I direct that all taxes which may be assessed in consequence of my death, of whatsoever nature and by whatever jurisdiction imposed, shall be paid from my general estate as part of the expense of the administration of my estate. ITEM IV: I appoint my husband, Howard C. Edwards, Executor of this, my Last Will. Should my husband, Howard C. Edwards, fail or cease to act as Executor, then I appoint my son, John C. Edwards, Executor of this, my Last Will. ITEM V: I direct that my personal representative shall not be required to give bond for the faithful performance of his duties in any jurisdiction. - 1 IN WITNESS WHEREOF, I, Mary V. Edwards, have hereunto set my hand and seal this l ~ ti day of , ~ ~ ,;t~~t.~~ ~ , 1982. MAR 'V. E RDS The preceding instrument, consisting of this and one other typewritten page each identified by the signature of the Testatrix, was on the day and date thereof signed, published and declared by Mary V. Edwards, the Testatrix therein named, as and for her Last Will and Testament, in the presence of us, who, at her request, in her presence, and in the presence of each other, have subscribed our names as witnesses hereto. - 2 - PO Box 298 • State College. PA 16804-0298 Customer ]nformation Center, Toll Free 877-861-7800 omegafinancial.com Our G~stomers...0ur Future. Q OMEC A BANK 02/28/2008 STONE LAFAVER ~ SHEKLETSKI GERALD J. SHEKLETSKI 414 BRIDGE ST PO BOX E NEW CUMBERLAND PA 17070 Dear Mr. Shekletski, This letter is in regard to the accounts that Mary V. Edwards held at our financial institution. Listed below is the information that you requested. Account Type: Account Number: Ownership: Date Opened: Balance as of DOD Accrued Interest: Checking 40086548 Individual 09/22/1994 $3,038.54 $.16 * See Note Below If I can offer any further assistance, please contact me at your convenience. *Note: Accrued interest is not included in Date of Death balance. Sincerely, <.~,. s~..4~ Felicia Shultz Deposit Services Representative Telephone 1-800-494-1810 ext 2061 Fax: (814) 231-6185 fshultz@omef.com Page 1 of 1 . MAR. 20.2008 3[ 03PM CSR FAX2 N0. %3 P. 2/2 - - _ ' ~R~-+ +~ Ivy Funds • Services Company w~[i~lell a~ Reed 1n~d Po folios 63001~mar A.enuc • Pos[ Office Bns 29217 ~, 5haumec Mission, K5 A62Q1.9217 Marob 20, 2Q08 Atka: Cxerald SheJ~letslti Re: Aaoouuct No. 18114181 Estate o~ Mary V. $d~vards riate of Death; Febxuary 6, 2008 This 1t~ter is is respoxi~e to your request fnr the date of death vaiuation, ~lcxoun 5,,, hares price Per Shaire T 1 18114181/b28 1,8?1.271 X6.89 $12,893.06 15114181/750 62,957.420 X1.00 $62,957.42 If you have say feather questions, please contitcrt us at the address above or on our to11 free number 1-888-RtA.DDEYrL (1-888923-~355~ Singly, Client Service Division oV'addell & Reed. Services Company Cc: ~y J. Jones xr. Hraddrp Ar Rerd 5crvicrs Company aetvp A5 rbr Shve6oldrr SPr~rtr~~ .9f[cnt and thr AtM[mt1aE 4rvrcey ~nr !or' tLr !yr Fund., rn• WaddcA 6r Rced Ad~lsm Fundq, end ctra WbJde(I A' Reed tavrsrrd Porrtoltas. p M~s~ 499 Mitchell Road. Millsboro. Dt: 19966 Mail Code DE-MB-12 Stone LaFaver & Shekletski Attorneys At Law 414 Bridge Street Post Office Box E New Cumberland, Pennsylvania 17070 Phone 1888) 502-4349 F ax (302) 934-2955 March 3.2008 Re: Estate of Mar y V Edwards Social Security : 166-14-1833 Date of Death: February 06, 2008 Dear Sir or Madam: Per your inquiry dated February 26, 2008, please be advised that at the time of death, the above-named decedent had on deposit with this bank the following: 1. Type gfAeeount CheekingAecount Account Number 9846366871 Ownership (Names o~ John C Edwards Mary V Edx~ards Opening Date 12/21/07 Balance on Date of Death $ 353.97 Accrued Interest $ 0.00 Total $ 353 97 2. TypeofAccount Savings Account Account Number , 015004215132561 Ownership (Names ofJ John C Edwards Mary V Edwards Opening Date 05/03/07 Closed 02/12/08 Balance on Date of Death $1 S, 770.02 Accrued Interest $ 9.37 Total __ ___ _ $15, 779.39 3. Tlpe ofAccount Certificate of Deposit Account Number 031003917683194 OH~nership (Names o~J John C Edx~ards Mary G' Edx~ards Opening Date 05121/07 Balar:ce on Date of Death $3, 500.00 Accrued Interest $ 123.31 Total $3, 623.31 4. Type ofAccount Certificate of Deposit Account Number 031003917684077 Ownership (Names ofJ John C Edwards Mary V Edwards Opening Date 02/01/07 Closed 02/21/08 Balance on Date of Death $6, 295.23 Accrued Interest $ 1.65 Total $6, 296.88 Please be advised, there was no safe deposit box found for the above decedent. * If upon reviewing the information above, you believe there are additional accounts not referenced, please provide us with an account number and/or name of any possible joint account holder. For any additional information on the above accounts, including ownership and any changes, closures and/or reimbursement of funds, please call the Highland Park Office # 717-737-3322. Sincerely, ~~~~~~~~ C-C'~~' ~jy ~~w Nancy C~lagett Records Management FRANKLIN TEMPLETON INVESTMENTS AT 02 214637 7391681005A"3DGT Year-End Asset Summary MARY V EDWARDS January 1, 2007 -December 31, 2007 Page 1 of Z PENNSFIELD APARTMENTS Financial EDWARDS, JOHN 119 ROUTE 204 APT 126 Advisor: WADDELL & REED INC SELINSGROVE PA 17870-1291 in,iiin,iiui~iu,iiinnniini,ii,iuu,iiui,~,-i,iiin,i Customer frankllntempleton.com Service: Shareholder Services 1-800!632-2301 TDD !Hearing Impaired) 1-800!851-0637 Mailing 100 Fountain Parkway Address: PO Box 33030 St. Petersburg, FL 33733-8030 Franklin High Income Fund - Ctass A NASDAQ symbol: FHAIX Fund-Account Number: 105-50101165677 Year-to-Date Summary: Income Dividends: $1,087.24 Asset Summary Number: 02441084 Long-Term Capital Gains: $0.00 Transaction Details DATE TRANSACTION DOLLAR AMOUNT SHARE PRICE SHARES TOTAL SHARES 01-01-07 BALANCE FORWARD $14,797.61 $2.13 6,947.234 01-04-07 DIV PAID OUT 0.0125 $86.84 $2.12 0.000 6,947.234 02-01-07 DIV PAID OUT 0.0125 $86.84 $2.13 0.000 6,947.234 03-01-07 DIV PAID OUT 0.0125 $86.84 $2.14 0.000 6,947.234 04-02-07 pIV PAlD OUT 0.0125 $86.84 $2.14 0.000 6,947.234 05-01-07 DIV PAID OUT 0.0125 $86.84 $2.15 0.000 6,947.234 06-01-07 DIV PAID OUT 0.0125 $86.84 $2.16 0.000 6,947.234 07-02-07 DIV PAID OUT 0.0125 $86.84 $2.10 0.000 6,947.234 08-Oi-07 DIV PAID OUT 0.0125 $86.84 $2.01 0.000 6,947.234 09-04-07 DIV PAID OUT 0.0125 $86.84 $2.04 0.000 6,947.234 10-01-07 DIV PAID OUT 0.0125 $86.84 $2.08 0.000 6,947.234 11-01-07 DIV PAID OUT 0.0125 $86.84 _ $2.08 0.000 6,947.234 12-03-07 DIV PAID OUT 0.0190 $132.00 $2.03 0.000 6,947.234 12-31-07 TOTAL ACCOUNT VALUE: $14,172.36 AT $2.04 PER SHARE Oontinuaf on next page 12 Fund Information-Fund Prices Page 1 of 1 Funds i PMonnanu NMkapMpt Ci11NM f i iNVlaf ~ ~~ T ~ ~~ ~ ~~~ ~ ~-'~' ____ __ _ _ _-_ -~- ~-- - ~- -. - ~ _~-- --~._ ._ ~-- -- ~ ~.. _ .__y._ _ ~... __._ __ - -- Fund Information Price/Performance Snapshot Closed-End Funds Fund Ratings Capital Gains Quantity DlscAUnts Site Search Fund Search Lqg In :Are you a New !1s>~r? Franklin High Income Fund - A Class Hilnc A :Newspaper symbol FHAIX :NASDAQ evmbol (nCO1Tle :fund Category Show me: Prices/Breakpoints Fund documents: Please Select... Historical Fund Prices For historical price information, select a new date and click "Go." February 6 2008 ',_G>o Share Price t ~ ::= POP at Breakpoints as of February 06, 2008 as of February O6, 2008 (updat._G dailyl r~rictated gaily) NAV (Net Asset Value) 1 INVESTMENT $1.98 POP Less than $100,000 $2.07 NAV change -$0.01 POP (Public Offering Pnce) 2 $2,07 $100,000 -;249,999 $2.05 $250,000 - $499,999 $2.03 5500,000 - $999,999 $2.02 You need Adobe Acrobat Reader 6.0 or higher to view and print PDF documents. Dq..w...nloa~ free version from Adobe's website. Important Lapel Information Performance data quoted represents past performance, which rides not guarantee future results. Current perfarmarce may differ from figures shown. Inveshnent return and principal value well flucruate Gvith market conditions, and you may have a gain cr miss when you yell your ,hares. The f~md may d~arge a .L :,q fee on redemptions within seven days. Many Franklin Templeton funds offer multiple share classes. Class A shares have a maximum initial sales charge (most equity funds are 5.754'o and income funds are 4.25%); Class 8 shares have a contingent deferred sales charge which is 4% in the first year, declining to 1% in [he sixth year and eliminated thereafter; Class C shares have a 1% contingent deferred sales charge; Class Z, Class R and Advisor Class shares are offered to certain eligible investors only. Class Z and Advisor Class shares have no sales charges nor Rule 12b-i fees; Class 0. shares have no sales charges, but do have a Rule 12b-1 fee. Iror mere information on any of our funds, contact your financial advisor or download a free plo~pec~. investors should carefully r_onsid~_r a fund's invesL~nent coals, risks, sales charges and expenses before investing. ~Che prospectus contains Chis and other information. Please read Fhe Farosper~tus carefully L;=fr~re investing or :=ending money. Footnotes 1. The value of one share of the fund on a given day. 2. Purchase pace for each share of the fund on a given day. It includes the maximum initial sales charge, if any. For U.S. residents only. 7grm~;_Qf U52 I Ptyaev P41gy FRANKLIN. TEMPLETON.INVESTMENTS Copyright, 1999 -2008. Franklin Templeton Investments. All rights reserved. https://www.franklintempleton.com/tund price.do 4/ 18/2008