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

Templeton Emerging Markets Income Fund > Dumb as a door knob ?

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Comment by deerabbyon Aug 07, 2020 10:43am

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

Tony, you and Chandler should work for sewage companies.... the way you move the sht around is legion! The fact of the matter is that TEI could have done the same as i3e and bought the debt at the same steep discount. Perhaps they could have financed the purchase by taking a cut in management compensation, selling off some assets, borrowing elsewhere, issuing shares for a portion, using any free cash flow because they wouldn't have the larger debt anymore, or some combination of the above. Hey, maybe even current management could have lent the company a few hundred thousand! As you say, that would have made the company more viable. That would have made a win for Toscana shareholders alone!

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