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 > PR and financials

<< Previous

Bullboard Posts

Next >>

Comment by Jamied33on Aug 02, 2019 7:15pm

30 Views

Post# 29990769

RE:PR and financials

Go read it!! Company is in a way better position to start making along more profit Highlights: Generated positivefunds flow from operations(1)of $0.6 millionin the second quarter.Increased light oil weighting to 57%of total production.Achieved a21% reduction in G&A, compared to the first quarter of 2019 and 35% when compared to corresponding period in 2018.Renewed revolving operating credit facilitywith our Senior Lender at existing levels of $25 million.Redeemed in full the outstanding convertible debentures and converted accrued debenture interest, for equity, saving annual interest costs of $1.45 million and eliminating approximately $21 million of debt.

<< Previous

Bullboard Posts

Next >>

Invest wiser with BMO's InvestorLine Platform features