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 > June 23, 2020 new

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Comment by Tony97on Jun 27, 2020 10:43pm

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Post# 31199742

RE:RE:June 23, 2020 new

HRcxxx,

Im sorry but Harel is correct - in your calculation you've used $3.4m for the debt which is what I3E paid - this is not what Toscana owe.

The metric which you are quoting from the "Proposed aquisition is 1.7 x field net back for a debt free asset,

Looking at the March quarter and factoring in the Oil Price - it looks like net back will be negative for the June quarter.. Net back as you know looks at operating costs and excludes finance charges.

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