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

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Comment by 1nv35t0ron Nov 23, 2014 8:52pm

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Post# 23156968

RE:Dividend Safe?

Looking at the Q3 financial statements, they have 1,333 BOE of production hedged until December 2014 and 733 hedged until December 2015. That is 53% and 29% respectively. The 13% dividend is a reflection of the market price, it is not as if the company has increased the dividend to these levels. The 1.62 divy has been paid since this was aprivate co. With regard to $65 oil, that is a scary thought.

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