Templeton Global Income Fund (“GIM”) Announces Distribution
May 03 2021 - 1:23PM
Business Wire
Templeton Global Income Fund [NYSE: GIM] today announced
a monthly distribution from net investment income of $0.0368 per
share, payable on May 28, 2021, to shareholders of record on May
17, 2021 (Ex-Dividend Date: May 14, 2021).
The Fund’s Board authorized a managed distribution plan pursuant
to which the Fund will make monthly distributions to shareholders
at an annual minimum fixed rate of 7.5%, based on the average
monthly net asset value (NAV) of the Fund’s common shares (the
“Plan”). The Fund will calculate the average NAV from the previous
month based on the number of business days in the month on which
the NAV is calculated. The Plan is intended to provide shareholders
with a constant, but not guaranteed, fixed minimum rate of
distribution each month and is intended to narrow the discount
between the market price and the NAV of the Fund’s common shares,
but there can be no assurance that the Plan will be successful in
doing so. The Fund is managed with a goal of generating as much of
the distribution as possible from net ordinary income and
short-term capital gains, that is consistent with the Fund’s
investment strategy and risk profile. To the extent that sufficient
distributable income is not available on a monthly basis, the Fund
will distribute long-term capital gains and/or return of capital in
order to maintain its managed distribution rate. A return of
capital may occur, for example, when some or all of the money that
you invested in the Fund is paid back to you. A return of capital
distribution does not necessarily reflect the Fund’s investment
performance and should not be confused with “yield” or “income”.
Even though the Fund may realize current year capital gains, such
gains may be offset, in whole or in part, by the Fund’s capital
loss carryovers from prior years. The Plan is subject to periodic
review by the Board and may be amended or terminated at any
time.
You should not draw any conclusions about the Fund’s investment
performance from the amount of this distribution or from the terms
of the Fund’s managed distribution policy. The amounts and sources
of the Fund’s distributions to be reported will be estimates and
will not be provided for tax reporting purposes. The actual amounts
and sources of the amounts for tax reporting purposes will depend
upon the Fund’s investment experience during the remainder of its
fiscal year and may be subject to changes based on tax regulations.
The Fund will send you a Form 1099-DIV for the calendar year that
will tell you how to report these distributions for federal income
tax purposes.
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization with subsidiaries operating as Franklin
Templeton and serving clients in over 165 countries. Franklin
Templeton’s mission is to help clients achieve better outcomes
through investment management expertise, wealth management and
technology solutions. Through its specialist investment managers,
the company brings extensive capabilities in equity, fixed income,
multi-asset solutions and alternatives. With offices in more than
30 countries and approximately 1,300 investment professionals, the
California-based company has over 70 years of investment experience
and approximately $1.5 trillion in assets under management as of
March 31, 2021. For more information, please visit
franklintempleton.com.
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Franklin Templeton at 1-800-342-5236
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