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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 17, 2020 9:21am
73 Views
Post# 30921004

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

RE:RE:RE:RE:RE:RE:RE:Re: Acquisition voteThe debts repurchassing by I3e at 3.4M$Can for 28M$Can debts, is putting all TEI assets cash flow positive at 20$US per baril.

Yes TEI management has decided to sacrified all shareholders to keep their job.  If the TEI management has negotiated the same deal with senior and junior debts holder as I3e did.  We will be in good shape.

Now we have to negotiate a better deal with I3e, if not it is BK for TEI and I3e will lost TEI assets.

I believe an offer at 0.3 I3e share for each TEI share is acceptable for me and do not know for other shareholders.

TEI assets for I3e is a cash cow at 20$ per baril.
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