Saba Capital Announces the Election of Full Slate of Nominees to the Templeton Global Income Fund’s Board of Trustees Based on Preliminary Results
June 08 2022 - 3:03PM
Business Wire
Highlights Four Highly Qualified and
Independent Nominees Who Will Replace Incumbent Trustees on the
11-Member Board
Notes Saba-Nominated Trustees Will
Constitute a Majority of the Board Following Certified
Results
Saba Capital Management, L.P. (collectively with its affiliates,
“Saba” or “we”), a significant shareholder of the Templeton Global
Income Fund (NYSE: GIM) (“GIM” or the “Fund”), today commented on
the preliminary results of the Fund’s 2022 Annual Meeting of
Shareholders (the “Annual Meeting”). Based on the preliminary
voting results provided by Saba’s proxy solicitor, shareholders
have voted to elect all four of Saba’s nominees – Karen Caldwell,
Ketu Desai, Anatoly Nakum and Mark Hammitt – to the Fund’s Board of
Trustees (the “Board”). Saba-nominated trustees will now constitute
a majority of the 11-member Board, building on the prior election
of four Saba nominees to the Board in 2021.
Boaz Weinstein, Founder and Chief Investment Officer at Saba,
said:
“We are pleased that our fellow GIM investors recognize the need
to reset the direction of the Fund through the election of all of
Saba’s independent and qualified trustees. We are confident that
this is the right step forward on the path to narrowing GIM’s
discount to NAV and creating value for all GIM shareholders.”
Final results of the Annual Meeting will be published by the
Fund once they are certified by the Fund’s inspector of
elections.
About Saba Capital
Saba Capital Management, L.P. is a global alternative asset
management firm that seeks to deliver superior risk-adjusted
returns for a diverse group of institutional clients. The firm,
which is a pioneer of credit relative value and capital structure
trading, currently invests across four core strategies: Credit
Relative Value, Tail Hedge, SPACs and Closed-End Funds. Founded in
2009 by Boaz Weinstein, Saba is privately held by its partnership
and headquartered in New York City. Learn more at
www.sabacapital.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220608006091/en/
Longacre Square Partners Greg Marose / Kate Sylvester,
646-386-0091 gmarose@longacresquare.com /
ksylvester@longacresquare.com
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