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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 HRc60to65on Oct 10, 2020 6:02pm
64 Views
Post# 31701585

RE:RE:RE:Why I vote NO

RE:RE:RE:Why I vote NOI3e and TEI will do exactly the same Eagle Energy has done with his shareholders.

It will cost 1M$ more to I3e to get the TEI tax pool.

TEI managent are at the sold of I3e.  If the vote is NO

TEI management will proposed a plan of arrangement to I3e.  The plan will proposed to created two new class of shares, the first class will be own only by I3e and the second will be redeemable shares.  All actual TEI shares will be exchanged for the redeemable shares.  The the redeemable shares will be redeemed for nothing and cancelled.  Then I3e will get 100% of TEI assets and the TEI tax pool.

At the end all TEI shareholders will received nothing.
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