Templeton Emerging Markets Income Fund (“TEI”) Announces Change to Managed Distribution Plan
2023年12月18日 - 11:00PM
ビジネスワイヤ(英語)
TEMPLETON EMERGING MARKETS INCOME FUND (NYSE: TEI) (the
“Fund”), a closed-end investment company managed by Templeton
Asset Management Ltd. (“TAML”), announced today that its Board has
implemented a new managed distribution plan where the Fund will
distribute a level distribution amount to shareholders. The Fund
intends to distribute $0.0475 per share monthly which is an
annualized distribution rate of 10.10% based on the NAV as of
11/30/2023. The new managed distribution plan will take effect with
the distribution that will be payable on January 31, 2024, to
shareholders of record on January 19, 2024 (Ex-dividend Date:
January 18, 2024). Previously, the Fund’s monthly distribution was
calculated at an annualized rate of 10% based on the prior month’s
average net asset value (NAV). The Board believes that paying a
level distribution provides greater consistency to investors and
may help how the Fund trades relative to its NAV. The Fund’s
distribution level may be changed by the Board of Trustees in the
future.
Other information
You may request a copy of the Fund’s current Report to
Shareholders by contacting Franklin Templeton’s Fund Information
Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting
franklintempleton.com. All investments involve risks, including
possible loss of principal. International investments are subject
to special risks, including currency fluctuations and social,
economic and political uncertainties, which could increase
volatility. These risks are magnified in emerging markets. There
are special risks associated with investments in China, Hong Kong
and Taiwan, including exposure to currency fluctuations, less
liquidity, expropriation, confiscatory taxation, nationalization
and exchange control regulations (including currency blockage).
Inflation and rapid fluctuations in inflation and interest rates
have had, and may continue to have, negative effects on the economy
and securities markets of China, Hong Kong and Taiwan. In addition,
investments in Taiwan could be adversely affected by its political
and economic relationship with China. The Fund is actively managed
but there is no guarantee that the manager's investment decisions
will produce the desired results. For portfolio management
discussions, including information regarding the Fund’s investment
strategies, please view the most recent Annual or Semi-Annual
Report to Shareholders which can be found at franklintempleton.com
or sec.gov.
Unlike open-end funds (mutual funds), closed-end funds are not
continuously offered. Closed-end funds trade on the secondary
market through a national stock exchange at a price which may be
above (a premium), but is often below (a discount to) the net asset
value (NAV) of the fund's portfolio. Unlike a mutual fund, the
market price for a closed-end fund is based on supply and demand,
not the fund's NAV.
Franklin Resources, Inc. is a global investment management
organization with subsidiaries operating as Franklin Templeton and
serving clients in over 150 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 offers
specialization on a global scale, bringing extensive capabilities
in fixed income, equity, alternatives and multi-asset solutions.
With more than 1,300 investment professionals, and offices in major
financial markets around the world, the California-based company
has over 75 years of investment experience and over $1.4 trillion
in assets under management as of November 30, 2023. For more
information, please visit franklintempleton.com.
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Franklin Templeton 1-800-342-5236
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