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

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Post by BobTheKnob2on Aug 06, 2020 3:24pm

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Post# 31374951

Control block holder has NO interest in this company

Over the past few months since the insulting offer for this company was made, one significant institutional holder which had a control block has quietly fled the ship.

This company does research, they obviously have little confidence in the new team.

Makes me wonder why people buy these shares at prices 3x the price of the insulting offer. I guess they must know more than this company that does its research.

Here is what they have sold to you:

Investment Co. X sold 6,339,000 shares between late-June to early-July
Investment Co. X sold 1,790,000 shares between early-July to mid-July
Investment Co. X sold 234,000 shares between mid-July to late-July
Investment Co. X sold 656,000 shares between late July to early-August

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