FORT LAUDERDALE, Florida, September 01, 2021– (BUSINESS WIRE) –Templeton Global Income Fund [NYSE: GIM] today announced a monthly distribution of net investment income of $ 0.0360 per share, payable on September 30, 2021, to shareholders of record on September 15, 2021 (ex-dividend date: September 14, 2021).
The Fund Board has authorized a managed distribution plan under which the Fund will pay monthly distributions to shareholders at a minimum annual fixed rate of 7.5%, based on the average monthly net asset value (NAV) of the common shares of the Fund. Funds (the âPlanâ). The Fund will calculate the average net asset value for the previous month based on the number of business days in the month in which the net asset value is calculated. The plan aims to provide shareholders with a fixed, constant, but not guaranteed minimum distribution rate each month and aims to reduce the discount between the market price and the net asset value of the common shares of the Fund, but there can be no assurance that the The plan will succeed in doing this. The Fund is managed with the aim of generating as much distribution as possible from ordinary net income and short term capital gains, which is consistent with the investment strategy and risk profile of the Fund. 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 returned to shareholders. A return of capital distribution does not necessarily reflect the performance of the Fund’s investments and should not be confused with âreturnâ or âincomeâ. Although the Fund may realize capital gains for the current year, these gains may be offset, in whole or in part, by capital loss carryforwards of the Fund from previous years. The plan is subject to periodic review by the Board and may be amended or terminated at any time.
Shareholders should not draw any conclusions about the performance of the Fund’s investments from the amount of this distribution or the terms of the Plan. The amounts and sources of the Fund’s distributions to report will be estimates and will not be provided for tax reporting purposes. The actual amounts and the sources of the amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to change depending on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year which will describe how to report distributions from the Fund for federal income tax purposes.
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating under the Franklin Templeton name and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better results through their investment management expertise, wealth management and technology solutions. Through its specialized investment managers, the company brings extensive capabilities in equities, 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 more than 70 years of investment experience and more than $ 1.5 trillion in assets under management as of July 31, 2021. For more information, please visit franklintempleton.com.
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