Templeton Emerging Markets Income Fund (“TEI” or the “Fund”) Announces Notification of Sources of Distributions
30 Oktober 2024 - 5:32PM
Business Wire
Templeton Emerging Markets Income Fund [NYSE: TEI]
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
$0.0475
$0.0475 (100%)
$0.00 (0%)
$0.00 (0%)
$0.00 (0%)
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
$0.4275
$0.3996 (93%)
$0.0036 (1%)
$0.00 (0%)
$0.0243 (6%)
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
-0.24%
9.13%
13.56%
6.85%
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
$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.
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 September 30, 2024. For more
information, please visit franklintempleton.com.
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For more information, please contact Franklin Templeton at
1-800-342-5236.
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