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

Rhea-AI Summary

Templeton Emerging Markets Income Fund (NYSE: TEI) has announced a monthly distribution of $0.0475 per share, payable on July 31, 2024, to shareholders of record as of July 18, 2024. This distribution is part of a managed distribution plan aimed at providing consistent monthly payments and narrowing the gap between the market price and the net asset value (NAV) of the Fund's common shares. The plan's effectiveness is not guaranteed, and distributions will be made from net ordinary income and short-term capital gains, or if necessary, from long-term capital gains and return of capital. The Board of Trustees may amend or terminate the plan anytime, potentially affecting the market price of the Fund's shares. Actual distribution amounts for tax purposes will be reported via Form 1099-DIV.

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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 July 31, 2024, to shareholders of record on July 18, 2024 (Ex-Dividend Date: July 18, 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 May 31, 2024. For more information, please visit franklintempleton.com.

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Franklin Templeton at 1-800-342-5236

Source: Franklin Templeton

FAQ

What is the latest distribution announced by Templeton Emerging Markets Income Fund (TEI)?

Templeton Emerging Markets Income Fund (TEI) has announced a monthly distribution of $0.0475 per share, payable on July 31, 2024.

When is the record date for the July 2024 distribution of TEI?

The record date for the July 2024 distribution of TEI is July 18, 2024.

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

The managed distribution plan aims to provide consistent monthly distributions and narrow the gap between the market price and the net asset value (NAV) of the Fund's common shares.

How might the distribution plan affect TEI's market price?

If the distribution plan is amended or terminated, it could adversely affect the market price of TEI's common shares.

What types of income does TEI intend to distribute under the plan?

TEI intends to distribute net ordinary income and short-term capital gains. If insufficient, it will use long-term capital gains and/or return of capital.