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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 Jul 24, 2020 10:07am
121 Views
Post# 31313561

Dumb as a door knob ?

Dumb as a door knob ?I am continually amazed at the action or lack of it in the market for TEI shares.  Here we have i3e insulting Toscana shareholders with a bid that, prior to suspension of i3e trading, amounted to about one quarter of a cent Canadian (compared with ten dollars some time ago).  In the market, a large number of participants are bidding for shares at twice that value but there are few takers.  As an aside, I and some others wondered why anyone who was prepared to accept the i3e offer (oops, insult,) wouldn't just take sell their Toscana shares for $ .005 and then buy twice the number of i3e shares that i3e was offering.  There can only be five explanations for why Toscana shareholders are not dumping their shares in the market.  Firstly, they have not actually done the math to see that selling and rebuying i3e shares would be more beneficial.  Secondly, they may believe that the i3e bid will be significantly increased and they will be better off that way.  Thirdly, they may wish to thwart any attempt by i3e or its surreptitious agents to acquire sufficient shares in the market that when averaged with their bid would provide i3e with an acceptable average cost per share.  Fourthly, and connected to point three above, they may not want to sell to i3e at all and hope they fail and go away.   Lastly, they may be as dumb as door knobs!   I ask all Toscana shareholders to determine what category they fall under!   If I missed any reasons, please let me know!
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