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

Rhea-AI Summary

Templeton Global Income Fund [NYSE: GIM] has announced a monthly distribution of $0.0356 per share, set for payment on October 29, 2021. Shareholders on record as of October 15, 2021 will receive this distribution. The Fund operates under a managed distribution plan, guaranteeing a minimum annual rate of 7.5%, based on average net asset value (NAV). It aims to balance distributions through ordinary income, short-term capital gains, or, if necessary, long-term capital gains and return of capital.

Positive

• Monthly distribution of $0.0356 per share indicates ongoing income for shareholders.
• Managed distribution plan guarantees a minimum annual rate of 7.5%, providing potential stability.

Negative

• Distributions may include return of capital, which does not reflect the Fund's actual investment performance.
• Success of the managed distribution plan in narrowing market price and NAV discounts is uncertain.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Templeton Global Income Fund [NYSE: GIM] today announced a monthly distribution from net investment income of $0.0356 per share, payable on October 29, 2021, to shareholders of record on October 15, 2021 (Ex-Dividend Date: October 14, 2021).

The Fund’s 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 Plan is subject to periodic review by the Board and may be amended or terminated at any time.

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 over 70 years of investment experience and over $1.5 trillion in assets under management as of August 31, 2021. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211001005651/en/

Franklin Templeton

1-800-342-5236

Source: Templeton Global Income Fund

FAQ

What is the distribution amount for Templeton Global Income Fund GIM in October 2021?

The distribution amount for October 2021 is $0.0356 per share.

When is the payment date for the GIM distribution?

The payment date for the GIM distribution is October 29, 2021.

What is the minimum annual distribution rate for Templeton Global Income Fund GIM?

The minimum annual distribution rate for Templeton Global Income Fund GIM is 7.5%.

What are the implications of a return of capital in GIM's distributions?

A return of capital means funds are returned to shareholders and doesn't necessarily reflect investment performance.

What should shareholders consider regarding GIM's managed distribution plan?

Shareholders should note that the success of the managed distribution plan in narrowing the market price and NAV discount is not guaranteed.