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 > I3 Energy offer

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Post by HRc60to65on Apr 02, 2020 9:47am

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Post# 30871480

I3 Energy offer

I3 Energy offer is base on TEI in BK.
I3 Energy offer paid all creditors in full and nothing (almost nothing) for TEI shareholders
Now I3 Energy has bougth all TEI debts.
In anytime I3 Energy can put TEI in BK.
The offer of .0281 I3 Energy share per TEI share is close to the cost to put TEI in BK.
IF TEI is put in BK, the tax loose pool is loss. Then the 25M$ in futur income tax saving is loss.
I3 Energy has to increase his offer to keep the tax loose pool, by how much to be a good deal for both I3 Energy and TEI ?

I3 Energy trading value 0.075 pence, offer 4 399 224 I3 Energy shares (0.0281 I3 Energy per TEI) or 329 941 GBP or 580 235 CDN.
An offer equivalent to 5M$CDN is 8.62 x 0.0281 = 0.2422 I3 Energy share per TEI share

If I3 Energy offer is increase to or over 0.242 I3 share per TEI share, I will vote YES my 5 200 000 shares