Trending...
- Fathym announces the addition of Sergio Sotolongo to its board of directors
- Governor Ron DeSantis Appoints Seven to the CareerSource Florida Board of Directors
- The Florida Bar Honors Michael Corso as Board Certified Lawyer of the Year
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Emerging Markets Income Fund [NYSE: TEI] today announced a monthly distribution from net investment income of $0.0600 per share, payable on May 31, 2022, to shareholders of record on May 16, 2022 (Ex-Dividend Date: May 13, 2022).
The Fund's Board of Trustees (the "Board") has authorized a managed distribution plan pursuant to which the Fund makes monthly distributions to shareholders at an annual minimum fixed rate of 10%, based on the average monthly net asset value (NAV) of the Fund's common shares (the "Plan"). The Fund calculates the average NAV from the previous month based on the number of business days in the month on which the NAV is calculated. The Plan is intended to provide shareholders with a constant, but not guaranteed, fixed minimum rate of distribution each month and is intended to narrow the discount between the market price and the 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.
More on The Floridant
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 annual minimum 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 this distribution or from the terms of the Plan. The amounts and sources of the Fund's distributions to be reported will be estimates and will not be 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
More on The Floridant
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 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 boutique specialization on a global scale, bringing 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 75 years of investment experience and approximately $1.5 trillion in assets under management as of March 31, 2022. For more information, please visit franklintempleton.com.
Contacts
Franklin Templeton, 1-800-342-5236
The Fund's Board of Trustees (the "Board") has authorized a managed distribution plan pursuant to which the Fund makes monthly distributions to shareholders at an annual minimum fixed rate of 10%, based on the average monthly net asset value (NAV) of the Fund's common shares (the "Plan"). The Fund calculates the average NAV from the previous month based on the number of business days in the month on which the NAV is calculated. The Plan is intended to provide shareholders with a constant, but not guaranteed, fixed minimum rate of distribution each month and is intended to narrow the discount between the market price and the 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.
More on The Floridant
- Pace Lee launches #MakeSpaceForPace dress collection to support Love That Dress! fundraiser
- RE/MAX Alliance Group Associates in the Florida Tampa Bay Area Named Among "America's Best"
- Financial Advisor & Wealth Coach, Arlene Alvarez Signs Publishing Deal w/ CelebrityPress
- 65% of Today's Workforce Is Actively Looking for Another Job; Culture Over Everything Is the Solution
- Jacksonville: Stay Cool and Celebrate Independence Day at a City Pool or Splash Pad
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 annual minimum 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 this distribution or from the terms of the Plan. The amounts and sources of the Fund's distributions to be reported will be estimates and will not be 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
More on The Floridant
- Jacksonville: City Offices and Facilities Closed for Independence Day
- RE/MAX Alliance Group Associates in the Sarasota, Florida, Area Named Among "America's Best"
- Signs By Veterans and Savage Shakers Founder Announces Sponsorship for #TEAMUSA Para-Athlete Brian Conwell
- Rainbow Outdoor Furniture Launches first collections in North America
- SG Blocks Signs Agreement With Developer for Container Park
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 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 boutique specialization on a global scale, bringing 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 75 years of investment experience and approximately $1.5 trillion in assets under management as of March 31, 2022. For more information, please visit franklintempleton.com.
Contacts
Franklin Templeton, 1-800-342-5236
Filed Under: Business
0 Comments
Latest on The Floridant
- Aspiring To Excellence Continues at Globe Star with CARF Accreditation
- JKS Financial Sponsors Program To Teach High School Students Investment Skills
- JK2 Founder Paul Holmes announces retirement
- Don Barnhart's "Unapologetically Funny" Comedy Tour Keeps Las Vegas Laughing With 50% Discount
- Craig W Brearley Architecture Transitions to New Ownership While Maintaining a Tradition of Architec
- Priority Marketing promotes eight professionals to senior leadership positions
- Bonita Bay Club raises nearly $900,000 for expansion of Lee Health Regional Cancer Center
- Riveron, an H.I.G. Capital Portfolio Company, Acquires Clermont Partners
- The Florida Bar Honors Michael Corso as Board Certified Lawyer of the Year
- Best Cocktails and Bar Food in Astoria, Queens
- Spirit Airlines Announces Intention to Adjourn Special Meeting of Stockholders
- Florida: Governor Ron DeSantis Awards $15.6 Million to Expand Access to Cybersecurity and IT Training
- Florida: Governor Ron DeSantis Appoints Seven to the Commission for Independent Education
- Local Resident & Professional Dog Trainer and Behavior Expert Awarded DogSmith Professional Partner
- How Massage Therapy Near You Frees Your Body Of Pain So You Move Better, Sleep Better, Feel Better, Without Back Pain, Neck Pain, Headaches, And More!
- Wonder Gardens hires long-time Wisconsin zoo director Neil Anderson as executive director
- Batter up: Leadership NEXT networking social to explore the business of baseball on July 12
- SoftLayer Media Announces PR Platform Launch
- North Carolina Department of Insurance Plan of Rehabilitation Faces Legal Challenge by Puerto Rico's Largest Life Insurance Company
- Doral Chamber of Commerce Proudly Welcomes Back Primerica as a platinum member