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 Aug 07, 2020 3:42pm

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Post# 31380769

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

Debt which Toscana cannot pay and are in default on. It's a fair question - if Toscana assets are worth more why not sell some to pay off the debt & continue? The reality is that the business is not viable and the market is not there for them to sell and pay off debts. Hence why shareholders are upset. But if shareholders vote no to the deal they walk away with nothing. If they vote the deal through at least they get some hope as a bare minimum!

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