Templeton Global Income Fund Announces Commencement of Tender Offer for its Common Shares
10 Ottobre 2023 - 10:01PM
Business Wire
Templeton Global Income Fund (NYSE: GIM) (the “Fund”), today
announced the commencement of a tender offer for its outstanding
common shares.
The Fund will purchase for cash up to 45% of its outstanding
common shares, no par value, at a price equal to 99% of the Fund’s
NAV per share as determined as of the close of the regular trading
session of the New York Stock Exchange (“NYSE”) on the day the
tender offer expires. The tender offer will expire on November 9,
2023 at 5:00 p.m. Eastern time, unless otherwise extended.
In unanimously approving the tender offer, the Board of Trustees
of the Fund considered that a self-tender offer would provide
enhanced liquidity to the shareholders ahead of the Fund’s
potential investment adviser transition from Franklin Advisers,
Inc. to Saba Capital Management, L.P. (which is subject to approval
by shareholders); provide potential accretion to the Fund’s NAV per
share; and seek to help narrow the NAV discount at which the Fund’s
shares trade.
The terms and conditions of the tender offer are set forth in
the Fund’s tender offer statement on Schedule TO, including the
offer to purchase and related Letter of Transmittal, that was filed
today with the Securities and Exchange Commission (the “SEC”).
Important Notice
This press release is for informational purposes only and shall
not constitute a recommendation or an offer or a solicitation to
buy any common shares. The offer to purchase common shares is being
made pursuant to an offer on Schedule TO. COMMON SHAREHOLDERS ARE
URGED TO READ THE TENDER OFFER MATERIALS, INCLUDING THE OFFER TO
PURCHASE AND ANY SOLICITATION/RECOMMENDATION STATEMENT REGARDING
THE TENDER OFFER, AS THEY MAY BE AMENDED OR SUPPLEMENTED FROM TIME
TO TIME, BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF
COMMON SHARES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING
TENDERING THEIR SHARES. Common shareholders may obtain a free copy
of any of these statements and other documents filed with the SEC
at the website maintained by the SEC at www.sec.gov or by directing
such requests to the Fund.
For more information, please contact Campaign Management LLC,
Information Agent for the tender offer, at 1-855-434-5243.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231009096766/en/
Longacre Square Partners Greg Marose / Kate Sylvester,
646-386-0091 gmarose@longacresquare.com /
ksylvester@Longacresquare.com
Grafico Azioni Templeton Global Income (NYSE:GIM)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Templeton Global Income (NYSE:GIM)
Storico
Da Gen 2024 a Gen 2025
