Templeton Emerging Markets Income Fund (“TEI” or the “Fund”) Announces Notification of Sources of Distributions
Templeton Emerging Markets Income Fund (TEI) announced its October 2024 distribution details and fiscal year-to-date allocations. The Fund distributes $0.0475 per share monthly, with the October distribution comprising 100% from net investment income. For fiscal year 2024 to date, distributions totaled $0.4275 per share, consisting of 93% net investment income, 1% short-term capital gains, and 6% return of capital. The Fund's performance shows a 13.56% cumulative total return for the fiscal period, with an annualized distribution rate of 9.13%. The Fund maintains a managed distribution plan to provide consistent monthly payments and narrow the discount between market price and NAV.
Il Templeton Emerging Markets Income Fund (TEI) ha annunciato i dettagli della distribuzione di ottobre 2024 e le allocazioni dall'inizio dell'anno fiscale. Il Fondo distribuisce $0,0475 per azione mensilmente, con la distribuzione di ottobre che deriva per il 100% da reddito da investimenti netti. Fino ad oggi nell'anno fiscale 2024, le distribuzioni hanno totalizzato $0,4275 per azione, costituite per il 93% da reddito da investimenti netti, 1% da guadagni di capitale a breve termine e 6% da restituzione di capitale. Le performance del Fondo mostrano un ritorno totale cumulativo del 13,56% per il periodo fiscale, con un tasso di distribuzione annualizzato del 9,13%. Il Fondo mantiene un piano di distribuzione gestita per fornire pagamenti mensili coerenti e ridurre lo sconto tra il prezzo di mercato e il NAV.
El Templeton Emerging Markets Income Fund (TEI) anunció los detalles de distribución de octubre de 2024 y las asignaciones desde el inicio del año fiscal. El Fondo distribuye $0.0475 por acción mensualmente, siendo la distribución de octubre 100% proveniente de ingresos netos por inversiones. Hasta la fecha en el año fiscal 2024, las distribuciones totalizaron $0.4275 por acción, consistiendo en un 93% de ingresos netos por inversiones, 1% de ganancias de capital a corto plazo y 6% de retorno de capital. El rendimiento del Fondo muestra un retorno total acumulado del 13.56% para el período fiscal, con una tasa de distribución anualizada del 9.13%. El Fondo mantiene un plan de distribución administrada para proporcionar pagos mensuales consistentes y reducir la diferencia entre el precio de mercado y el NAV.
템플턴 신흥시장 소득 펀드(TEI)는 2024년 10월 배당금 세부 사항과 회계 연도 시작 이후 할당 내역을 발표했습니다. 이 펀드는 매월 $0.0475 per 주식을 분배하며, 10월 분배금은 100%가 순투자 수익에서 발생했습니다. 2024 회계 연도 현재까지 배당금 총액은 $0.4275 per 주식이며, 이 중 93%가 순투자 수익, 1%가 단기 자본 이익, 6%가 자본 환급으로 구성되어 있습니다. 펀드의 성과는 회계 기간 동안 13.56%의 누적 총 수익률을 기록하며, 연간 배당금률은 9.13%입니다. 펀드는 시장 가격과 NAV 간의 할인폭을 줄이고 일관된 월별 지급을 제공하기 위한 관리된 분배 계획을 유지하고 있습니다.
Le Templeton Emerging Markets Income Fund (TEI) a annoncé les détails de distribution d'octobre 2024 et les allocations depuis le début de l'exercice. Le Fonds distribue 0,0475 $ par action mensuellement, la distribution d'octobre étant composée à 100 % de revenus d'investissement nets. Pour l'exercice 2024 à ce jour, les distributions ont totalisé 0,4275 $ par action, composées de 93 % de revenus d'investissement nets, 1 % de gains en capital à court terme et 6 % de retour de capital. La performance du Fonds montre un rendement total cumulé de 13,56 % pour la période fiscale, avec un taux de distribution annualisé de 9,13 %. Le Fonds maintient un plan de distribution géré pour fournir des paiements mensuels cohérents et réduire l'écart entre le prix du marché et la valeur nette d'inventaire (NAV).
Der Templeton Emerging Markets Income Fund (TEI) hat die Verteilungsdetails für Oktober 2024 und die seit Beginn des Fiskaljahres vorgenommenen Zuteilungen bekannt gegeben. Der Fonds verteilt 0,0475 $ pro Aktie monatlich, wobei die Oktoberverteilung zu 100 % aus Nettoanlageerträgen besteht. Seit Beginn des Fiskaljahres 2024 haben die Verteilungen insgesamt 0,4275 $ pro Aktie betragen, wobei 93 % aus Nettoanlageerträgen, 1 % aus kurzfristigen Kapitalgewinnen und 6 % aus Kapitalrückerstattung stammen. Die Leistung des Fonds zeigt eine kumulierte Gesamtrendite von 13,56 % für den Fiskalzeitraum, mit einer annualisierten Ausschüttungsrate von 9,13 %. Der Fonds verfolgt einen verwalteten Ausschüttungsplan, um konsistente monatliche Zahlungen zu gewährleisten und den Discount zwischen Marktpreis und NAV zu verringern.
- Strong distribution rate with 9.13% annualized yield
- Positive cumulative total return of 13.56% for the fiscal period
- 93% of distributions sourced from net investment income, indicating strong income generation
- Negative 5-year average annual total return of -0.24%
- 6% of year-to-date distributions represent return of capital, potentially eroding investor principal
- Fund may be distributing more than its income and realized capital gains
Insights
This distribution notice reveals important insights about TEI's financial health. The fund's 9.13% annualized distribution rate is notably high, but concerning factors emerge in the details. The fund has a negative 5-year average annual return of -0.24%, indicating long-term performance challenges. While
The fund's need to return capital to maintain its distribution rate, combined with negative long-term returns, suggests potential sustainability issues with the current distribution level. However, the
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 October 31, 2024, and for the fiscal year 2024 year-to-date are as follows:
Estimated Allocations for October Monthly Distribution as of September 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 September 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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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 9/30/2024)1 |
Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 9/30/2024)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 9/30/2024)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 9/30/2024)4 |
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Fund Performance and Distribution Rate Information:
- 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 September 30, 2024. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
- The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through September 30, 2024.
- Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2023 through September 30, 2024, assuming reinvestment of distributions paid.
- The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period December 31, 2023 through September 30, 2024, as a percentage of the Fund’s NAV as of September 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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For more information, please contact Franklin Templeton at 1-800-342-5236.
Source: Franklin Templeton
FAQ
What is TEI's current monthly distribution amount per share?
What is TEI's annualized distribution rate as of September 30, 2024?
How much of TEI's fiscal year 2024 distributions are from net investment income?
What is TEI's 5-year average annual total return as of September 2024?
