Templeton Emerging Markets Income Fund (“TEI” or the “Fund”) Announces Distribution

Rhea-AI Summary

Templeton Emerging Markets Income Fund (TEI) announced a monthly distribution of $0.0475 per share from net investment income, payable on May 31, 2024. The Fund aims to provide consistent distributions to shareholders and narrow the discount between market price and NAV. Shareholders may receive long-term capital gains or return of capital if distributable income is insufficient. The Board can amend or terminate the distribution plan, impacting the market price of common shares. Shareholders should not judge investment performance solely based on distributions. Actual tax reporting amounts may vary based on the Fund's fiscal year experience.

Positive

• Monthly distribution plan provides consistent income to shareholders.

• Effort to narrow the discount between market price and NAV for common shares.

• Managed with a goal of generating distribution from net ordinary income and short-term capital gains.

Negative

• Potential impact on market price if the distribution plan is amended or terminated.

• Return of capital may occur if distributable income is insufficient.

• Actual tax reporting amounts may differ from estimated distributions.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Templeton Emerging Markets Income Fund [NYSE: TEI] today announced a monthly distribution from net investment income of $0.0475 per share, payable on May 31, 2024, to shareholders of record on May 17, 2024 (Ex-Dividend Date: May 16, 2024).

The Fund’s Board of Trustees (the “Board”) has authorized a managed distribution plan (the “Plan”) pursuant to which the Fund makes monthly distributions to shareholders at the fixed rate of $0.0475 per share. The Plan is intended to provide shareholders with consistent distributions each month and is intended to narrow the discount between the market price and the net asset value (“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 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 the current distribution or from the terms of the Plan. The amounts and sources of distributions reported herein are only estimates and are not being 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 Emerging Markets Income Fund,
please visit our web site at: www.franklintempleton.com

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 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 offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of March 31, 2024. For more information, please visit franklintempleton.com.

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Franklin Templeton

1-800-342-5236

Source: Franklin Templeton

FAQ

What is the monthly distribution per share announced by Templeton Emerging Markets Income Fund (TEI)?

Templeton Emerging Markets Income Fund announced a monthly distribution of $0.0475 per share.

When will the distribution be payable to shareholders?

The distribution will be payable on May 31, 2024.

What is the Ex-Dividend Date for the distribution?

The Ex-Dividend Date is May 16, 2024.

What is the purpose of the managed distribution plan by Templeton Emerging Markets Income Fund?

The plan aims to provide consistent distributions to shareholders and narrow the discount between market price and NAV.

What may happen if distributable income is not available for monthly distributions?

The Fund may distribute long-term capital gains or return of capital.

Can the Board amend or terminate the distribution plan?

Yes, the Board has the authority to amend or terminate the distribution plan.

How should shareholders report the Fund's distributions for federal income tax purposes?

The Fund will send a Form 1099-DIV to shareholders for the calendar year, providing instructions on reporting distributions for tax purposes.

What is Franklin Templeton's mission as a global investment management organization?

Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management, and technology solutions.