Welcome to our dedicated news page for Templeton Global Income Fund (Ticker: GIM), a resource for investors and traders seeking the latest updates and insights on Templeton Global Income Fund.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Templeton Global Income Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Templeton Global Income Fund's position in the market.
Rhea-AI Summary
Templeton Global Income Fund (NYSE: GIM) announced the final results of its oversubscribed tender offer to purchase up to 45% of its outstanding common shares. The Fund will purchase shares from all tendering shareholders on a pro rata basis, with a purchase price equal to 99% of the Fund's net asset value per share as of November 9, 2023. Questions about the tender offer can be directed to Campaign Management LLC, the Information Agent for the Tender Offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.83%
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Rhea-AI Summary
Templeton Global Income Fund (NYSE: GIM) announced the preliminary results of its tender offer to purchase up to 45% of its outstanding common shares, with approximately 70,525,164 shares properly tendered. The purchase price will be 99% of the Fund’s net asset value per share as of November 9, 2023.
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End-of-Day
-3.3%
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Rhea-AI Summary
Templeton Global Income Fund [NYSE: GIM] has announced a monthly distribution of $0.0280 per share, payable on November 30, 2023, to shareholders of record on November 17, 2023. The Fund's Board of Trustees has authorized a managed distribution plan with a fixed minimum rate of 8% to narrow the discount between market price and NAV, but it is not guaranteed.
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0.74%
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Templeton Global Income Fund (NYSE: GIM) announced that all three proposals presented at its Special Meeting of Shareholders held on October 25, 2023, were approved. The proposals include a new investment management agreement with Saba Capital Management, L.P., making the investment objective 'non-fundamental,' and removing the fundamental policy of investing in at least three countries and various debt instruments. The Adviser Transition, where Saba will take over investment management services, will occur soon.
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Templeton Global Income Fund [NYSE: GIM] has released a notification of sources of distributions for the fiscal year 2023. The estimated allocations for the October monthly distribution as of September 30, 2023, include $0.0291 per share in distribution, with 69% coming from net investment income and 31% from return of capital. The cumulative estimated allocations for the fiscal year-to-date show $0.2773 per share in distribution, with 59% from net investment income, 10% from net realized short-term capital gains, and 31% from return of capital.
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Rhea-AI Sentiment
End-of-Day
0.25%
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Rhea-AI Summary
Templeton Global Income Fund announces tender offer for common shares
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3.84%
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Templeton Global Income Fund announces monthly distribution of $0.0291 per share
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0.53%
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Rhea-AI Summary
Templeton Global Income Fund [NYSE: GIM] announces estimated sources of distribution for September 2023 and fiscal year 2023 year-to-date.
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Templeton Global Income Fund announces monthly distribution of $0.0298 per share, positive for shareholders
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Rhea-AI Summary
Templeton Global Income Fund [NYSE: GIM] estimates distribution sources for August 2023 and FY 2023 year-to-date. Return of capital distribution may occur. Average annual total return is -2.57%. Annualized distribution rate is 8.02%. Cumulative total return is 4.13%. Cumulative FYTD distribution rate is 4.67%.
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Templeton Global Income Fund
NYSE:GIM
GIM Rankings
GIM Stock Data
214.17M
0.18%
50.98%
0.03%
Securities and Commodity Exchanges
Finance and Insurance
US
Fort Lauderdale
About GIM
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