Templeton Emerging Markets Fund, Inc. (“EMF”) Announces Distribution

Rhea-AI Summary

Templeton Emerging Markets Fund (NYSE: EMF) has declared a total distribution of $0.5114 per share, consisting of:

• Net investment income: $0.1491 per share
• Short-term capital gains: $0.0401 per share
• Long-term capital gains: $0.3222 per share

The distribution is payable on December 31, 2024, to shareholders of record on December 16, 2024. The Ex-Dividend Date is set for December 16, 2024. Franklin Templeton, the parent company, manages over $1.6 trillion in assets as of October 31, 2024, with more than 1,500 investment professionals operating in major financial markets worldwide.

Positive

• Declared distribution of $0.5114 per share to shareholders
• Parent company manages substantial AUM of $1.6 trillion

Negative

• None.

Insights

Financial Analyst

The announced distribution of $0.5114 per share represents a significant payout for EMF shareholders, consisting of $0.1491 in net investment income, $0.0401 in short-term gains and $0.3222 in long-term gains. With EMF's current market cap of $198.2M, this distribution reflects the fund's ability to generate returns from emerging markets investments despite challenging global conditions. The substantial portion of long-term capital gains (63% of total distribution) suggests successful long-term investment strategies in emerging market equities. Franklin Templeton's extensive global presence and $1.6T AUM provides EMF with robust research capabilities and market access, which is important for emerging market investing.

Market Research Analyst

This distribution announcement is particularly noteworthy for emerging markets investors. The mix of income and capital gains indicates EMF's balanced approach to value creation, combining dividend-yielding investments with capital appreciation opportunities. The timing of the distribution, scheduled for year-end, aligns with typical institutional investment cycles. The significant long-term capital gains component suggests successful navigation of emerging markets volatility and ability to identify sustainable growth opportunities. This distribution structure provides shareholders with both immediate income and validation of the fund's long-term investment thesis in emerging markets.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Templeton Emerging Markets Fund, Inc. (NYSE: EMF) today announced a total distribution of $0.5114, compromised of net investment income of $0.1491 per share, short-term capital gains of $0.0401 per share and long-term capital gains of $0.3222 per share, payable on December 31, 2024, to shareholders of record on December 16, 2024 (Ex-Dividend Date: December 16, 2024).

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 California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of October 31, 2024. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241206550049/en/

For more information, please contact Franklin Templeton at 1-800-342-5236.

Source: Franklin Templeton

FAQ

What is the total distribution amount announced by Templeton Emerging Markets Fund (EMF) for December 2024?

EMF announced a total distribution of $0.5114 per share, comprising $0.1491 in net investment income, $0.0401 in short-term capital gains, and $0.3222 in long-term capital gains.

When is the ex-dividend date for EMF's December 2024 distribution?

The ex-dividend date for EMF's distribution is December 16, 2024.

What is the payment date for EMF's latest announced distribution?

The distribution is payable on December 31, 2024.

How much is the long-term capital gains portion of EMF's December 2024 distribution?

The long-term capital gains portion of EMF's distribution is $0.3222 per share.