Templeton Global Income Fund (“GIM” or the “Fund”) Announces Distribution

Rhea-AI Summary

Templeton Global Income Fund (NYSE: GIM) has declared a monthly distribution of $0.0342 per share, payable on February 28, 2022, to shareholders of record on February 17, 2022. The Fund follows a managed distribution plan ensuring an annual fixed rate of 7.5% based on the average monthly NAV. The Board may amend or terminate this plan without notice, potentially impacting share prices. Distributions should not be seen as indicators of the Fund's investment performance, as they may include returns of capital and estimates for tax reporting.

Positive

• Monthly distribution of $0.0342 per share shows commitment to shareholder returns.
• Managed distribution plan ensures a minimum annual rate of 7.5%, providing predictable income.

Negative

• The managed distribution plan may include returns of capital, which do not reflect investment performance.
• The ability to maintain distributions is contingent on the Fund's net ordinary income and capital gains, introducing potential uncertainty.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Templeton Global Income Fund [NYSE: GIM] today announced a monthly distribution from net investment income of $0.0342 per share, payable on February 28, 2022, to shareholders of record on February 17, 2022 (Ex-Dividend Date: February 16, 2022).

The Fund’s Board of Trustees (the “Board”) has authorized a managed distribution plan pursuant to which the Fund makes 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 calculates 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 was invested in the Fund is paid back to shareholders. 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 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 the periodic review by the Board, including a yearly review of the annual minimum 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 this distribution or from the terms of the Plan. 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 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 Global Income Fund, please visit our web site at: www.franklintempleton.com

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 75 years of investment experience and over $1.5 trillion in assets under management as of December 31, 2021. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220207005678/en/

Franklin Templeton

1-800-342-5236.

Source: Franklin Templeton

FAQ

What is the recent distribution announcement by Templeton Global Income Fund (GIM)?

Templeton Global Income Fund announced a monthly distribution of $0.0342 per share, payable on February 28, 2022.

When is the ex-dividend date for the GIM distribution?

The ex-dividend date for the Templeton Global Income Fund's distribution is February 16, 2022.

What is the annual minimum distribution rate for NYSE: GIM?

The managed distribution plan for NYSE: GIM ensures a minimum annual distribution rate of 7.5% based on the average monthly NAV.

Can the managed distribution plan for GIM be amended or terminated?

Yes, the Board has the authority to amend or terminate the managed distribution plan without prior notice.

What should shareholders know about GIM's distribution amounts for tax reporting?

Distribution amounts reported by GIM are estimates and may vary for tax reporting purposes based on the Fund's investment experience.