Templeton Emerging Markets Fund (“EMF”) Announces Distribution
Templeton Emerging Markets Fund (NYSE: EMF) has declared a quarterly distribution of $0.22 per share, payable on March 31, 2025, to shareholders of record on March 17, 2025. The Fund's Board has implemented a Managed Distribution Plan that maintains fixed quarterly distributions at $0.22 per share.
The Plan aims to provide consistent quarterly distributions from ordinary income and short-term capital gains while attempting to reduce the discount between market price and NAV. If sufficient distributable income is unavailable, the Fund may distribute long-term capital gains or return capital to maintain its rate. The Board retains the right to amend or terminate the Plan, which undergoes yearly review to evaluate potential rate adjustments.
Il Templeton Emerging Markets Fund (NYSE: EMF) ha dichiarato una distribuzione trimestrale di $0,22 per azione, pagabile il 31 marzo 2025, agli azionisti registrati il 17 marzo 2025. Il Consiglio del Fondo ha implementato un Piano di Distribuzione Gestita che mantiene distribuzioni fisse trimestrali di $0,22 per azione.
Il Piano ha l'obiettivo di fornire distribuzioni trimestrali costanti da reddito ordinario e guadagni di capitale a breve termine, cercando nel contempo di ridurre il disavanzo tra il prezzo di mercato e il NAV. Se non è disponibile un reddito distribuibile sufficiente, il Fondo può distribuire guadagni di capitale a lungo termine o restituire capitale per mantenere il suo tasso. Il Consiglio si riserva il diritto di modificare o terminare il Piano, che viene esaminato annualmente per valutare potenziali aggiustamenti del tasso.
El Templeton Emerging Markets Fund (NYSE: EMF) ha declarado una distribución trimestral de $0.22 por acción, pagadera el 31 de marzo de 2025, a los accionistas registrados el 17 de marzo de 2025. La Junta del Fondo ha implementado un Plan de Distribución Gestionada que mantiene distribuciones trimestrales fijas de $0.22 por acción.
El Plan tiene como objetivo proporcionar distribuciones trimestrales consistentes de ingresos ordinarios y ganancias de capital a corto plazo, al tiempo que intenta reducir el descuento entre el precio de mercado y el NAV. Si no hay suficiente ingreso distribuible disponible, el Fondo puede distribuir ganancias de capital a largo plazo o devolver capital para mantener su tasa. La Junta se reserva el derecho de modificar o terminar el Plan, que se revisa anualmente para evaluar posibles ajustes en la tasa.
템플턴 이머징 마켓 펀드 (NYSE: EMF)는 주당 $0.22의 분기 배당금을 선언하였으며, 2025년 3월 31일에 지급될 예정입니다. 배당금 지급 대상자는 2025년 3월 17일 기준의 주주입니다. 펀드 이사회는 관리 배당 계획을 시행하여 주당 $0.22의 고정 분기 배당금을 유지하고 있습니다.
이 계획은 일반 소득과 단기 자본 이익으로부터 일관된 분기 배당금을 제공하는 것을 목표로 하며, 시장 가격과 NAV 간의 할인 폭을 줄이려고 합니다. 배당 가능한 소득이 충분하지 않을 경우, 펀드는 장기 자본 이익을 배당하거나 자본을 반환하여 배당률을 유지할 수 있습니다. 이사회는 계획을 수정하거나 종료할 권리를 보유하며, 연간 검토를 통해 잠재적인 배당률 조정을 평가합니다.
Le Templeton Emerging Markets Fund (NYSE: EMF) a déclaré une distribution trimestrielle de 0,22 $ par action, payable le 31 mars 2025, aux actionnaires enregistrés au 17 mars 2025. Le Conseil du Fonds a mis en œuvre un Plan de Distribution Géré qui maintient des distributions trimestrielles fixes de 0,22 $ par action.
Le Plan vise à fournir des distributions trimestrielles cohérentes provenant de revenus ordinaires et de gains en capital à court terme, tout en essayant de réduire l'écart entre le prix du marché et la valeur nette d'inventaire (NAV). Si des revenus distribuables suffisants ne sont pas disponibles, le Fonds peut distribuer des gains en capital à long terme ou retourner du capital pour maintenir son taux. Le Conseil se réserve le droit de modifier ou de mettre fin au Plan, qui est examiné chaque année pour évaluer les ajustements potentiels du taux.
Der Templeton Emerging Markets Fund (NYSE: EMF) hat eine vierteljährliche Ausschüttung von 0,22 $ pro Aktie erklärt, die am 31. März 2025 an die Aktionäre ausgezahlt wird, die am 17. März 2025 registriert sind. Der Vorstand des Fonds hat einen Verwalteten Ausschüttungsplan implementiert, der feste vierteljährliche Ausschüttungen von 0,22 $ pro Aktie aufrechterhält.
Der Plan zielt darauf ab, konsistente vierteljährliche Ausschüttungen aus ordentlichen Einkünften und kurzfristigen Kapitalgewinnen bereitzustellen, während gleichzeitig versucht wird, den Rabatt zwischen Marktpreis und NAV zu verringern. Wenn nicht genügend ausschüttungsfähiges Einkommen zur Verfügung steht, kann der Fonds langfristige Kapitalgewinne ausschütten oder Kapital zurückgeben, um seine Rate aufrechtzuerhalten. Der Vorstand behält sich das Recht vor, den Plan zu ändern oder zu beenden, der jährlich überprüft wird, um mögliche Anpassungen der Rate zu bewerten.
- Fixed quarterly distribution of $0.22 per share established
- Plan aims to reduce NAV discount
- Franklin Templeton manages $1.58 trillion in assets
- Distributions may include return of capital, potentially returning investors' principal
- Capital loss carryovers may offset current year gains
Insights
Templeton Emerging Markets Fund's (EMF) announcement of a
The key aspect investors should understand is that EMF's plan prioritizes distribution consistency over distribution quality. When the fund lacks sufficient net investment income, it will distribute capital gains or potentially return shareholders' own capital to maintain the
The distribution yield stands at approximately
Another strategic element is the fund's stated goal of reducing the NAV discount through this distribution approach. Closed-end funds frequently trade below their net asset value, and consistent distributions can sometimes narrow this gap by attracting income-focused investors.
The parent company's substantial
The Managed Distribution Plan announced by EMF represents a standard approach in closed-end fund management but contains several nuanced implications for shareholders. The fixed quarterly
The strategic dimension here involves the fund's explicit aim to narrow the discount between market price and NAV—a persistent challenge for many closed-end funds. By establishing predictable quarterly payments, EMF likely seeks to attract income-oriented investors who might otherwise avoid emerging market exposure due to unpredictable distributions.
What's particularly noteworthy is the fund's disclosure about potentially using long-term capital gains or return of capital when investment income proves insufficient. This creates a sustainability question: distributions maintained through capital returns effectively give shareholders their own money back, potentially eroding the NAV over time if the underlying portfolio doesn't generate sufficient income or growth.
The Board's retained right to amend or terminate the Plan without prior notice introduces another variable element. Should market conditions deteriorate significantly in emerging markets, this provision gives EMF flexibility to adjust but simultaneously creates uncertainty about distribution continuity.
For investors seeking emerging markets exposure with income characteristics, this structure offers predictability but requires monitoring the distribution's composition through the tax documentation to assess true investment return versus capital return.
The Fund’s Board of Trustees (the “Board”) has authorized a Managed Distribution Plan (the “Plan”), under which the Fund will make quarterly distributions to shareholders at a fixed rate of
In the event that sufficient distributable income is not available on a quarterly basis, the Fund will distribute long-term capital gains and/or return of capital to maintain its managed distribution rate. A return of capital may occur when some or all of the invested capital is paid back to shareholders. It is important to note that a return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” Even if the Fund realizes capital gains in the current year, such gains may be offset, in whole or in part, by the Fund’s capital loss carryovers from prior years.
The Board may amend the terms of the Plan or terminate the Plan at any time without prior notice to the Fund’s shareholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s common shares. The Plan will be subject to periodic review by the Board, including a yearly review of the fixed rate to determine if an adjustment should be made.
Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution or from the terms of the Plan. The amounts and sources of distributions reported herein are only estimates and are not being 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. 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 1,500 investment professionals, and offices in major financial markets around the world, the
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For more information, please contact Franklin Templeton at 1-800-342-5236.
Source: Franklin Templeton
FAQ
What is the dividend amount and payment date for EMF's latest distribution?
How does EMF's Managed Distribution Plan work?
What are the objectives of EMF's distribution plan?
What happens if EMF doesn't have sufficient income for the fixed distribution?
