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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

Comment by HCI_STEELon Apr 23, 2018 2:57pm
74 Views
Post# 27927850

RE:RE:RE:RE:as an example, I would have to be paid ~2800 shares Per deb

RE:RE:RE:RE:as an example, I would have to be paid ~2800 shares Per deb
Darkone1 wrote: Sequeira partners fairness opinion was positive for debenture holders, so I believe this will pass unless they believe toscana finances are going to continue to the downside. Oil and gas both moving positive makes this possibly very lucrative for them. Both with realized interest and possible share price increase. Really just 20 million equity stake (for possible 80% of shares)while still being paid interest.

I give no weight to fairness opinions, especially when they are paid by the party wanting the deal. I owned Twin butte where they had a fairness opinion for deb holders that screwed them over. Deb holders voted no...and instead of 14 cents on the dollar we got close to 80c!
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