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 > Sp

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Comment by HCI_STEELon Apr 21, 2018 4:21pm

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Post# 27922063

RE:Sp

As a deb holder I disagree that it is a great deal. (been thru similar situations). When the company can't afford to pay back the debt the shareholders are bottom of the totem pole facing MASSIVE dilution.

I happen to have voted no to the offer. I also note that they extended the voting from last Thursday, to Monday Apr 23 now. That indicates they are close enought to continue trying, but not so far away as to up the offer.

Sure we could own 80% of the shares if converted BUT we WOULD own a hell of alot more if they have to pay our debentures in shares at the CURRENT market price.

Just one final comment...they are desperate...just received a call from the proxy firm to make sure I voted. They've been calling continuously but we were away for 5 wks.

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