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 > Dumb as a door knob ?

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Comment by DerekChandleron Jul 25, 2020 12:16pm

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Post# 31318870

RE:RE:RE:RE:RE:Dumb as a door knob ?

deerabby, you are failing to understand that if Toscana shareholders sell their shares now, they CAN'T buy I3E shares at all with the proceeds at the moment. I3E shares are suspended until after the RTO is complete (or abandoned).

So if Toscana shareholders sell their shares now with the aim of buying I3E shares, they wouldn't be able to until the acquisitions of Toscana & again Energy are complete. And who knows what price I3E shares would be once those two acquisitions have been made.

You're making the false assumption that you can still buy I3E shares for 6p. You can't. And you may never be able to.

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