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 > Shoddy business practice

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Comment by Tony97on Jun 20, 2020 10:20am

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Post# 31172652

RE:Shoddy business practice

Deerabby,

I understand your anger and frustration - I have not been in this exact situation but I have had a couple of share crash to zero.

"buying the debt at a discount no less !?" No where in the world is distressed debt bought at a premium - always cents on the Dollar. I guess the lender decided to take the 10 cents on the dollar than risk going in to a protracted bankruptcy and getting zero. It looks like shareholders will have a similar choice.

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