Templeton Emerging Markets Income Fund T.TEI

Primary Symbol: TEI

Templeton Emerging Markets Income Fund (the Fund) is a closed-end management investment company. The Fund seeks high, current income, with a secondary goal of capital appreciation, by investing, under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries. The Fund invests in bonds from emerging markets around the world to generate income for the Fund, seeking opportunities while monitoring changes in interest rates, currency exchange rates and credit risk. Its investment portfolio includes foreign government and agency securities, corporate bonds, convertible bonds, and short-term investments. Its markets are located in the Asia Pacific region, Eastern Europe, the Middle East, Central and South America and Africa. The Fund's investment manager is Franklin Advisers, Inc.

NYSE:TEI - Post by User

Templeton Emerging Markets Income Fund

<< Previous

Bullboard Posts

Next >>

Post by HRc60to65on Jun 16, 2020 1:04pm

118 Views

Post# 31156290

Since I3e has bouht the TEI DEBTs TEI did not pay interest

I3e has suspended interest paiement on the TEI debts until a vote on the offer.

I think TEI was cash flow positive in Q1 and in Q2 . It is possible TEI has 1$M or 2$M in cash at June 30, 2020.

If it is the case TEI shareholders may received cash + I3e shares. An equivalent offer to 0.07$ per TEI share or 0.3 share of I3e share per TEI share is acceptable for me.

<< Previous

Bullboard Posts

Next >>

Infield Minerals to acquire Kings Canyon Gold Property