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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

Post by deerabbyon Jun 20, 2020 9:40am
103 Views
Post# 31172572

Shoddy business practice

Shoddy business practiceThe shoddy business practice was to purchase the debt, at a discount no less, that puts you in position to acquire the assets before there is a bankruptcy and therefore before anyone else can buy them in a bankruptcy.   It is a pressure play to acquire assets cheaply and perhaps also to acquire the whole company, tax losses and all cheaply.  I3e of course wants the whole company to ensure it gets a TSE listing.  I and at least one or two others are vocal enough to say NO and to encourage other shareholders who as you say are silent, to grow some Canadian Balls and reject this offensive offer!
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