Templeton Global Income Fund (“GIM” or the “Fund”) Announces Distribution
06 Outubro 2023 - 1:13PM
Business Wire
Templeton Global Income Fund [NYSE: GIM] today announced
a monthly distribution from net investment income of $0.0291 per
share, payable on October 31, 2023, to shareholders of record on
October 16, 2023 (Ex-Dividend Date: October 13, 2023).
The Fund’s Board of Trustees (the “Board”) has authorized a
managed distribution plan pursuant to which the Fund makes monthly
distributions to shareholders at an annual minimum fixed rate of
8%, based on the average monthly net asset value (NAV) of the
Fund’s common shares (the “Plan”). The Fund calculates 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 was invested in the Fund is paid back to
shareholders. 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 Board may amend the terms of the Plan or terminate the Plan
at any time without prior notice to the Fund’s shareholders. The
amendment or termination of the Plan could have an adverse effect
on the market price of the Fund’s common shares. The Plan will be
subject to the periodic review by the Board, including a yearly
review of the annual minimum fixed rate to determine if an
adjustment should be made.
Shareholders should not draw any conclusions about the Fund’s
investment performance from the amount of this distribution or from
the terms of the Plan. 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 a Form 1099-DIV to shareholders for the calendar
year that will describe how to report the Fund’s distributions for
federal income tax purposes.
For further information on Templeton Global
Income Fund, please visit our web site at:
www.franklintempleton.com
Franklin Resources, Inc. is a global investment management
organization with subsidiaries operating as Franklin Templeton and
serving clients in over 150 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
specialization on a global scale, bringing extensive capabilities
in fixed income, equity, alternatives and multi-asset solutions.
With more than 1,300 investment professionals, and offices in major
financial markets around the world, the California-based company
has over 75 years of investment experience and over $1.4 trillion
in assets under management as of August 31, 2023. For more
information, please visit franklintempleton.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231006343065/en/
Franklin Templeton 1-800-342-5236
Templeton Global Income (NYSE:GIM)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Templeton Global Income (NYSE:GIM)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024