TEMPLETON GLOBAL INCOME FD - GIM STOCK NEWS

Templeton Global Income Fund (NYSE: GIM) announced its distribution details for July 29, 2022, indicating a total distribution per share of $0.0327. Of this, $0.0157 (48%) is derived from net investment income and $0.0170 (52%) is classified as a return of capital. Year-to-date allocations reveal a total distribution of $0.2117 per share, with $0.0805 (38%) from net investment income and $0.1312 (62%) as return of capital. Shareholders are cautioned that returns of capital do not reflect investment performance.

Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of $0.0327 per share, payable on July 29, 2022, to shareholders of record on July 18, 2022. This is part of a managed distribution plan that guarantees a minimum annual distribution rate of 8% based on the average monthly net asset value (NAV). The Fund aims to generate these distributions from net income and short-term capital gains. Shareholders should not conclude investment performance from these distributions, as they may include returns of capital.

Saba Capital Management, a significant shareholder of Templeton Global Income Fund (NYSE: GIM), announced the results of GIM's 2022 Annual Meeting. Following a review, the inspector of elections confirmed shareholders' vote for Saba's nominees—Karen Caldwell, Ketu Desai, Anatoly Nakum, and Mark Hammitt—to the Fund's Board of Trustees. Pending certification from the U.S. District Court, Saba's nominees will form a majority on the 11-member Board. Saba's founder, Boaz Weinstein, criticized Franklin Templeton for prioritizing board control over shareholder interests.

The Templeton Global Income Fund (GIM) has announced a monthly distribution of $0.0352 per share, scheduled for June 30, 2022. Of this amount, $0.0161 (46%) is derived from net investment income, and $0.0191 (54%) is classified as a return of capital. Year-to-date, the cumulative distribution per share stands at $0.1765, with a return of capital comprising 64%. Shareholders are cautioned that returns of capital may not reflect the fund's investment performance. The fund is under a managed distribution plan aiming for an annual minimum rate of 8% based on NAV.

The Templeton Global Income Fund (NYSE: GIM) announced the filing of a Stipulation and Proposed Order with the U.S. District Court for the Southern District of New York to resolve their request for a temporary restraining order. This concerns the certification of results from the Fund's Annual Meeting held on June 6, 2022. The agreement prevents certification of the meeting results and the seating of Saba Capital Management's nominees until the Court rules on the Fund's request for injunctive relief. The Fund alleges that Saba made undisclosed arrangements to pay a premium to a large institutional shareholder before the meeting.

Saba Capital Management, a major shareholder of Templeton Global Income Fund (NYSE: GIM), has responded to Franklin's legal action aimed at blocking the certification of the Annual Meeting results held on June 6, 2022. Preliminary results indicate that Saba's nominees were elected to a majority on the Board of Trustees. Saba contends Franklin's lawsuit is an attempt to retain GIM's assets amid significant past performance issues, including GIM's 10.3% NAV loss over the past year, in contrast to gains from Saba's fund. Saba emphasizes adherence to proxy contest rules during the campaign.

Templeton Global Income Fund (NYSE: GIM) has filed a complaint in the Southern District of New York against Saba Capital Management, alleging undisclosed agreements before its Annual Meeting on June 6, 2022. The complaint claims Saba secretly incentivized a large institutional shareholder's vote in favor of its nominees, violating federal securities laws requiring full disclosure to shareholders. The Fund seeks a new vote, allowing shareholders to make informed decisions based on complete information about Saba's conduct.

Saba Capital Management announced the preliminary voting results from the Templeton Global Income Fund (NYSE: GIM) Annual Meeting, where shareholders elected all four nominees put forward by Saba. Following this election, these nominees will form a majority on the 11-member Board of Trustees. The election highlights Saba's intention to enhance the Fund's performance by narrowing its discount to net asset value (NAV). Final results will be certified by the Fund's inspector of elections.

Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of $0.0352 per share from net investment income, payable on June 30, 2022, for shareholders of record on June 17, 2022 (Ex-Dividend Date: June 16, 2022). The Fund operates a managed distribution plan targeting an annual minimum rate of 8% based on average monthly net asset value (NAV). While the goal is to provide stable distributions, there is no guarantee of success. The Board can amend or terminate this plan without notice, impacting market prices.