Templeton Emerging Markets Income Fund (“TEI”) Announces Distribution and Additional Investment Strategies

Rhea-AI Summary

Templeton Emerging Markets Income Fund (TEI) declared a monthly distribution of $0.0747 per share from net investment income, scheduled for April 30, 2021. Shareholders of record as of April 15, 2021 will receive this payment, with an ex-dividend date set for April 14, 2021. The Fund is also exploring options for repurchase agreements and reverse repurchase agreements.

Positive

• Monthly distribution of $0.0747 per share indicates a steady income for shareholders.
• Potential for repurchase agreements could enhance liquidity management.

Negative

• None.

Templeton Emerging Markets Income Fund [NYSE: TEI] today announced a monthly distribution from net investment income of $0.0747 per share, payable on April 30, 2021, to shareholders of record on April 15, 2021 (Ex-Dividend Date: April 14, 2021).

Additionally, the Fund may enter into repurchase agreements and reverse repurchase agreements.

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 February 28, 2021. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210401005705/en/

FAQ

When is the distribution payment date for Templeton Emerging Markets Income Fund (TEI)?

The distribution payment date is April 30, 2021.

What is the distribution amount for TEI in April 2021?

The distribution amount is $0.0747 per share.

What is the ex-dividend date for TEI shares?

The ex-dividend date is April 14, 2021.

Who manages Templeton Emerging Markets Income Fund?

Templeton Emerging Markets Income Fund is managed by Franklin Resources, Inc. [NYSE: BEN].

What financial actions may TEI take regarding repurchase agreements?

TEI may enter into repurchase and reverse repurchase agreements.