Templeton Global Income Fund (“GIM”) Announces Distribution

Rhea-AI Summary

Templeton Global Income Fund (GIM) announced a monthly distribution of $0.0370 per share to shareholders, payable on July 30, 2021. Shareholders of record by July 15, 2021, will receive this payment, with an ex-dividend date of July 14, 2021. The Fund operates under a managed distribution plan, aiming for a 7.5% annual minimum rate based on its net asset value (NAV). Distributions may include net ordinary income, short-term capital gains, or returns of capital, and are subject to periodic review. Franklin Resources, Inc. (BEN) manages the Fund with over $1.5 trillion in assets.

Positive

• Monthly distribution of $0.0370 per share demonstrates ongoing income return to investors.
• Managed distribution plan offers a minimum annual rate of 7.5%, which could attract income-focused investors.
• The Fund's management strategy aims to maximize returns from net ordinary income and short-term capital gains.

Negative

• Distributions may include returns of capital, which do not reflect actual investment performance.
• The effectiveness of the managed distribution plan in narrowing the discount between market price and NAV is uncertain.

Templeton Global Income Fund [NYSE: GIM] today announced a monthly distribution from net investment income of $0.0370 per share, payable on July 30, 2021, to shareholders of record on July 15, 2021 (Ex-Dividend Date: July 14, 2021).

The Fund’s Board authorized a managed distribution plan pursuant to which the Fund will make monthly distributions to shareholders at an annual minimum fixed rate of 7.5%, based on the average monthly net asset value (NAV) of the Fund’s common shares (the “Plan”). The Fund will calculate 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 you invested in the Fund is paid back to you. 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.

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy. 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 you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

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 approximately $1.5 trillion in assets under management as of May 31, 2021. For more information, please visit franklintempleton.com.

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FAQ

What is the monthly distribution amount for Templeton Global Income Fund (GIM) in July 2021?

The monthly distribution amount for GIM in July 2021 is $0.0370 per share.

When is the ex-dividend date for GIM's July distribution?

The ex-dividend date for GIM's July distribution is July 14, 2021.

What is the annual minimum fixed rate of the managed distribution plan for GIM?

The managed distribution plan for GIM has an annual minimum fixed rate of 7.5%.

Who manages the Templeton Global Income Fund (GIM)?

The Templeton Global Income Fund (GIM) is managed by Franklin Resources, Inc. (BEN).

How does the managed distribution plan affect GIM's performance?

The managed distribution plan aims to provide consistent monthly distributions, but its effectiveness in achieving this goal is uncertain.