FORT LAUDERDALE, Fla., Dec. 01, 2017 (GLOBE NEWSWIRE) -- Templeton Emerging Markets Income Fund (NYSE:TEI) today announced a quarterly distribution from net investment income of $0.2953 per share, payable on December 29, 2017 to shareholders of record on December 15, 2017 (Ex-Dividend Date: December 14, 2017).
As previously disclosed, the Fund implemented a variable pay distribution policy effective December 31, 2016. This policy provides the flexibility to make adjustments to the distribution rate in an effort to more efficiently account for currency movements and help reduce the possibility of the Fund over-distributing during the year.
The Fund’s investment manager, Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE:BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes—including equity, fixed income, alternative and custom solutions. The company’s more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in over 30 countries, the California–based company has 70 years of investment experience and over $750 billion in assets under management as of October 31, 2017. For more information, please visit franklintempleton.com.
For more information, please contact Franklin Templeton Investments at 1-800-342-5236.
Source:Templeton Emerging Markets Income Fund