Templeton Emerging Markets Income Fund (“TEI” or the “Fund”) Announces Distribution
01 Ottobre 2021 - 8:13PM
Business Wire
Templeton Emerging Markets Income Fund (NYSE: TEI) today
announced a monthly distribution from net investment income of
$0.0685 per share, payable on October 29, 2021, to shareholders of
record on October 15, 2021 (Ex-Dividend Date: October 14,
2021).
The Fund’s Board has authorized a managed distribution plan
pursuant to which the Fund makes monthly distributions to
shareholders at an annual minimum fixed rate of 10%, based on the
average monthly net asset value (NAV) of the Fund’s common shares
(the “Plan”). The Fund calculates the average NAV from the previous
month based on the number of business days in the month on which
the NAV is calculated. The Plan is intended to provide shareholders
with a constant, but not guaranteed, fixed minimum rate of
distribution each month and is intended to narrow the discount
between the market price and the NAV of the Fund’s common shares,
but there can be no assurance that the Plan will be successful in
doing so. The Fund is managed with a goal of generating as much of
the distribution as possible from net ordinary income and
short-term capital gains, that is consistent with the Fund’s
investment strategy and risk profile. To the extent that sufficient
distributable income is not available on a monthly basis, the Fund
will distribute long-term capital gains and/or return of capital in
order to maintain its managed distribution rate. A return of
capital may occur, for example, when some or all of the money that
was invested in the Fund is paid back to shareholders. A return of
capital distribution does not necessarily reflect the Fund’s
investment performance and should not be confused with “yield” or
“income.” Even though the Fund may realize current year capital
gains, such gains may be offset, in whole or in part, by the Fund’s
capital loss carryovers from prior years. The Plan is subject to
periodic review by the Board and may be amended or terminated at
any time.
Shareholders should not draw any conclusions about the Fund’s
investment performance from the amount of this distribution or from
the terms of the Plan. The amounts and sources of the Fund’s
distributions to be reported will be estimates and will not be
provided for tax reporting purposes. The actual amounts and sources
of the amounts for tax reporting purposes will depend upon the
Fund’s investment experience during the remainder of its fiscal
year and may be subject to changes based on tax regulations. The
Fund will send a Form 1099-DIV to shareholders for the calendar
year that will describe how to report the Fund’s distributions for
federal income tax purposes.
For further information on Templeton
Emerging Markets Income Fund, please visit our web site at:
www.franklintempleton.com
Franklin Resources, Inc. (NYSE:BEN) is a global investment
management organization with subsidiaries operating as Franklin
Templeton and serving clients in over 165 countries. Franklin
Templeton’s mission is to help clients achieve better outcomes
through investment management expertise, wealth management and
technology solutions. Through its specialist investment managers,
the company brings extensive capabilities in equity, fixed income,
multi-asset solutions and alternatives. With offices in more than
30 countries and approximately 1,300 investment professionals, the
California-based company has over 70 years of investment experience
and over $1.5 trillion in assets under management as of August 31,
2021. For more information, please visit franklintempleton.com.
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Franklin Templeton 1-800-342-5236
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