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Stock impact report

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

Templeton Emerging Markets Income Fund, Inc. (TEI) 
Company Research Source: Business Wire
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 February 29, 2024, to shareholders of record on February 20, 2024 (Ex-Dividend Date: February 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 Show less Read more
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