Templeton Global Income Fund Announces Management Fee Waiver
March 21 2022 - 6:00AM
Business Wire
TEMPLETON GLOBAL INCOME FUND (NYSE: GIM) (“GIM” or the
“Fund”) today announced that the Fund’s Board of Trustees and
manager recently reached an agreement to implement a fee waiver to
reduce the Fund’s investment management fee by 10 basis points.
As a result of this fee waiver, for the period beginning March
1, 2022 and ending September 1, 2022, the Fund will pay the
investment manager a monthly fee in dollars, at the annual rate of
the Fund’s daily net assets, as listed below, payable at the end of
each calendar month:
- 0.600% up to and including $200 million; and
- 0.535% over $200 million, up to an including $700 million.
Recommencing on September 1, 2022, the Fund will pay the
investment manager a monthly fee in dollars, at the annual rate of
the Fund’s daily net assets, as listed below, payable at the end of
each calendar month:
- 0.700% up to and including $200 million; and
- 0.635% over $200 million, up to an including $700 million.
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization with subsidiaries operating as Franklin
Templeton and serving clients in over 155 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 offers boutique specialization on a global scale,
bringing 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 75 years of investment experience and
approximately $1.5 trillion in assets under management as of
February 28, 2022. For more information, please visit
franklintempleton.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220321005427/en/
For more information, please contact Franklin Templeton at
1-800-342-5236
Templeton Global Income (NYSE:GIM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Templeton Global Income (NYSE:GIM)
Historical Stock Chart
From Jul 2023 to Jul 2024