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.

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Templeton Emerging Markets Income Fund > Taking over shares

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Post by deerabbyon Jun 19, 2020 10:33pm

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Post# 31172013

Taking over shares

If Toscana cannot pay the interest on the debt, i3e may be able to assume the assets pledged for the debt, but they cannot take over the shares. This may be the end of Toscana as a viable company but without the shares i3e cannot claim the tax losses which are undoubtedly valuable. They cannot take the shares unless stupid shareholders agree to accept their offer. NOT! The former tactic of "stealing the company" is a sleazy business tactic and who would want to get in bed with such actors. By the recent posts, I think we are being inundated by i3e shills colluding to rob us of our investment. DO NOT BE SUCKED IN !!!

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