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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

Comment by DerekChandleron Aug 10, 2020 2:02pm
70 Views
Post# 31388504

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Dumb as a door knob ?Well i3 are proceeding with their acquisition of Gain Energy with or without Toscana.  And the metrics of the purchase are similar so it doesn't seem that Toscana shareholders are being hard done by.

I thought originally that i3 might try to secure Toscana first & the Gain acquisition would be dependent on that but clearly not.

So I don't think i3 will be increasing their offer for Toscana regardless of the outcome of the vote.  If shareholders vote no they will simply seize the assets and Toscana shareholders will get nothing. There really does only seem to be one sensible option now if shareholders want a chance to get some of their money back. And that's to vote yes to the i3 deal.
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