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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

Templeton Emerging Markets Income Fund > Share volume
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Comment by HRc60to65on Oct 27, 2020 9:46am
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Post# 31787508

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share volume

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share volumeTheAbbott, with a vote YES, I3e will get TEI for less than a 1/4 of a song.

In Bankrupcy Court we may get more than a song for our TEI shares and for TEO tax loss.

The I3e offer is approxynatly 300 000$ for TEI net assets valued at 6 000 000$ to 20 000 000$ including tax loss.  The tax loss is never count as an assets, but in the TEI case, I3e is needing that tax loss to balance his capital gain 25M$ (28.8M$ TEI debt - 3.8M$ I3e paid for the debt).

The tax cost in Canada for I3e will be more than 6M$ without any revenu from TEI. 

Also if I3e does not make the last paiment 1.8M$, all the debts are returning to there previous owners (the banks and Sprott) and we can get a better deal with them.
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