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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

Post by Tony97on Jun 19, 2020 6:42am
120 Views
Post# 31168085

I3E

I3E I'm an I3E shareholder - I posted a couple of concerns that Toscana SH had with the proposed I3E buyout - I got the following response from the I3E LSE message board. I would be interested in any thoughts / comments.




"Toscanna had a fairly long farm-out type process and failed to find a buyer. Market conditions changed and i3e jumped in. Ultimately though, we are paying 3.5m for 28m debt - with that debt, the asset is not viable. They have to sell and while some Toscanna forum goers may say they are voting no, I think most of their serious investors will vote with the board. There's no conflict of interest, the deal is approved via fair play procedure and given a 'fair value' rating.


I think with oil price showing signs of recovery, this looks to be a really good addition. The mapped out organic growth will help to stablise and push the mcap with a constant stream of news."
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