Templeton Emerging Markets Income Fund (“TEI” or the “Fund”) Announces Notification of Sources of Distributions
Templeton Emerging Markets Income Fund (NYSE: TEI) has announced its distribution sources for July 2024 and fiscal year 2024 to date. The Fund's July distribution of $0.0475 per share is entirely from net investment income. For the fiscal year-to-date, 90% of distributions came from net investment income, 1% from short-term capital gains, and 9% from return of capital.
TEI's 5-year average annual total return is -3.74%, with a current annualized distribution rate of 9.81%. The Fund operates under a managed distribution plan, aiming to provide consistent monthly distributions and narrow the discount between market price and NAV. However, the Fund has distributed more than its income and realized capital gains, resulting in some return of capital to shareholders.
Il Templeton Emerging Markets Income Fund (NYSE: TEI) ha annunciato le fonti di distribuzione per luglio 2024 e per l'anno fiscale 2024 fino ad oggi. La distribuzione di luglio del Fondo è di $0.0475 per azione ed è interamente proveniente dal reddito netto da investimenti. Fino ad oggi, il 90% delle distribuzioni è stato generato dal reddito netto da investimenti, l'1% da guadagni di capitale a breve termine e il 9% dal rimborso di capitale.
Il rendiment medio annuale totale su 5 anni del TEI è di -3.74%, con un attuale tasso di distribuzione annualizzato del 9.81%. Il Fondo opera secondo un piano di distribuzione gestito, con l'obiettivo di fornire distribuzioni mensili coerenti e ridurre lo sconto tra il prezzo di mercato e il NAV. Tuttavia, il Fondo ha distribuito più del suo reddito e dei guadagni di capitale realizzati, comportando il rimborso di parte del capitale agli azionisti.
El Templeton Emerging Markets Income Fund (NYSE: TEI) ha anunciado sus fuentes de distribución para julio de 2024 y para el año fiscal 2024 hasta la fecha. La distribución de julio del Fondo es de $0.0475 por acción y proviene completamente de los ingresos netos de inversiones. Hasta la fecha, el 90% de las distribuciones ha sido aportado por ingresos netos de inversiones, el 1% por ganancias de capital a corto plazo y el 9% por retorno de capital.
El rendimiento total anual promedio de 5 años del TEI es de -3.74%, con una tasa de distribución anualizada actual del 9.81%. El Fondo opera bajo un plan de distribución gestionada, con el objetivo de proporcionar distribuciones mensuales consistentes y reducir el descuento entre el precio de mercado y el NAV. Sin embargo, el Fondo ha distribuido más de sus ingresos y ganancias de capital realizas, resultando en un retorno de capital a los accionistas.
템플턴 신흥시장 소득 펀드(NYSE: TEI)는 2024년 7월 및 현재까지의 회계 연도에 대한 배분 출처를 발표했습니다. 펀드의 7월 배분금은 $0.0475 per 주식으로 순 투자 소득에서 전적으로 발생했습니다. 회계 연도까지, 90%의 배분이 순 투자 소득에서 발생했으며, 1%은 단기 자본 이득에서, 9%는 자본 반환에서 발생했습니다.
TEI의 5년 평균 연간 총 수익률은 -3.74%이며, 현재 연환산 배분률은 9.81%입니다. 펀드는 운영되는 배분 계획을 통해 일관된 월별 배분을 목표로 하고 있으며, 시장 가격과 NAV 간의 할인폭을 줄이고자 합니다. 그러나 펀드는 수익 및 실현된 자본 이득을 초과하여 배분했으며, 그 결과 일부 자본이 주주에게 반환되었습니다.
Le Templeton Emerging Markets Income Fund (NYSE: TEI) a annoncé ses sources de distribution pour juillet 2024 et pour l'exercice fiscal 2024 à ce jour. La distribution de juillet du Fonds s'élève à $0.0475 par action et provient entièrement de revenus nets d'investissement. Pour l'exercice fiscal en cours, 90% des distributions proviennent de revenus nets d'investissement, 1% de gains en capital à court terme et 9% de retour de capital.
Le rendement total annuel moyen sur 5 ans du TEI est de -3.74%, avec un taux de distribution annualisé actuel de 9.81%. Le Fonds fonctionne selon un plan de distribution géré, visant à fournir des distributions mensuelles constantes et à réduire l'écart entre le prix du marché et la NAV. Cependant, le Fonds a distribué plus que ses revenus et gains en capital réalisés, entraînant un retour de capital pour les actionnaires.
Der Templeton Emerging Markets Income Fund (NYSE: TEI) hat seine Verteilungsquellen für Juli 2024 und das aktuelle Geschäftsjahr bekannt gegeben. Die Ausschüttung des Fonds für Juli beträgt $0.0475 pro Aktie und stammt vollständig aus dem Nettoertrag aus Investitionen. Bis heute kamen 90% der Ausschüttungen aus Nettoerträgen aus Investitionen, 1% aus kurzfristigen Kapitalgewinnen und 9% aus Kapitalrückzahlungen.
Die durchschnittliche jährliche Gesamtrendite über 5 Jahre des TEI beträgt -3.74%, mit einem aktuellen annualisierten Ausschüttungsrendite von 9.81%. Der Fonds arbeitet unter einem verwalteten Ausschüttungsplan, der darauf abzielt, konsistente monatliche Ausschüttungen bereitzustellen und den Abschlag zwischen Marktpreis und NAV zu verringern. Allerdings hat der Fonds mehr ausgeschüttet als sein Einkommen und realisierte Kapitalgewinne, was zu einer Kapitalrückzahlung an die Aktionäre führte.
- Consistent monthly distribution of $0.0475 per share
- High annualized distribution rate of 9.81%
- 90% of fiscal year-to-date distributions from net investment income
- Negative 5-year average annual total return of -3.74%
- 9% of fiscal year-to-date distributions classified as return of capital
- Fund has distributed more than its income and realized capital gains
Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940 |
The Fund’s estimated sources of the distribution to be paid on July 31, 2024, and for the fiscal year 2024 year-to-date are as follows:
Estimated Allocations for July Monthly Distribution as of June 30, 2024:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
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Cumulative Estimated Allocations fiscal year-to-date as of June 30, 2024, for the fiscal year ending December 31, 2024:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
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|
|
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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. TEI estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the TEI distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect TEI’s investment performance and should not be confused with ‘yield’ or ‘income’. 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.
Average Annual Total Return (in relation to the change in net asset value (NAV) for the 5-year period ended on 6/30/2024)1 |
Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 6/30/2024)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 6/30/2024)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 6/30/2024)4 |
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Fund Performance and Distribution Rate Information:
1 |
Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through June 30, 2024. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid. |
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2 |
The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through June 30, 2024. |
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3 |
Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2023 through June 30, 2024, assuming reinvestment of distributions paid. |
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4 |
The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period December 31, 2023 through June 30, 2024, as a percentage of the Fund’s NAV as of June 30, 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
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.
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
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Franklin Templeton
1-800-342-5236
Source: Franklin Templeton
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