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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

Templeton Emerging Markets Income Fund > Acquisition vote
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Comment by HRc60to65on Apr 16, 2020 8:19pm
69 Views
Post# 30919577

RE:RE:RE:RE:RE:Re: Acquisition vote

RE:RE:RE:RE:RE:Re: Acquisition voteI3e is needing the TEI tax loss credit to offset the capital gain (24.6M$) on TEI debts (28M$Can)  repurchassed for 3.4M$Can.

The income tax on that capital gain is 3M$Can (=24.6/2 x .25) have to be paid if I3e can not purchassed all TEI shares. 
3M$ = > 0.146 share I3e for 1 TEI share
Therefore the minimum offer shall be:
27 256 367 I3e shares = 3.577M$Can or 0.174 I3e share for 1 TEI share

With the TEI 133M$Can tax loss credit, I3e will not paid a penny on the capital gain on the debt repurchassed.

A fair deal 1 share of I3e for 1 share of TEI. 

TEI management can take an hair cut to help increasing the I3e offer. 
TEI shareholders have already save management as-s with CORTINA


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