TEMPLETON GLOBAL INCOME FD Stock Price, News & Analysis

Templeton Global Income Fund (NYSE: GIM) has declared a monthly distribution of $0.0304 per share from net investment income, payable on April 28, 2023. Shareholders of record as of April 20, 2023 will receive this payment. The Fund has also extended its fee waiver until April 30, 2023, with a scheduled return to a higher fee structure from May 1, 2023. The Fund's Board authorized a managed distribution plan aiming for an annual minimum fixed rate of 8%, calculated based on the average monthly net asset value (NAV). This strategy seeks to provide consistent distributions, though actual returns may vary depending on investment performance. Notably, distribution amounts may include returns of capital, which do not reflect performance and should not be confused with income.

The Templeton Global Income Fund (NYSE: GIM) has announced its estimated sources of distribution for March 31, 2023. The distribution per share is projected at $0.0312, with 54% from net investment income ($0.0169) and 46% from net realized short-term capital gains ($0.0143). Year-to-date, the cumulative per-share distribution is estimated at $0.0628, primarily from net investment income (47%) and long-term capital gains (20%). The fund has a cumulative loss of $1.2378 per share, with unrealized depreciation amounting to $0.5808 per share. Shareholders are advised not to equate distributions with the fund's performance, as returns may include capital repayments.

Templeton Global Income Fund (NYSE: GIM) has announced a monthly distribution of $0.0312 per share, set to be paid on March 31, 2023, to shareholders of record as of March 17, 2023. This distribution aligns with the Fund's managed distribution plan, which aims for a minimum fixed rate of 8% annually based on the average monthly net asset value (NAV). The Fund seeks to provide consistent distributions by utilizing net ordinary income and short-term capital gains, with possible returns of capital if necessary. The plan may be amended or terminated by the Board at any time, potentially impacting market prices.

The Templeton Global Income Fund (NYSE: GIM) announced estimated sources of distributions set for February 28, 2023. The distribution of $0.0320 per share includes $0.0195 (61%) from net investment income and $0.0125 (39%) from net realized short-term capital gains, with no long-term gains or return of capital. For the fiscal year-to-date as of January 31, 2023, cumulative distributions total $0.0308 per share, primarily from a 67% return of capital. The fund has a cumulative loss of $1.0365 per share in net realized and unrealized gains. Shareholders are advised not to infer investment performance solely from these distributions.

Templeton Global Income Fund (NYSE: GIM) has experienced a significant shift in its governance as Saba Capital Management now constitutes a majority on the Board of Trustees. This follows the Fund's withdrawal of litigation that had delayed the election of Saba's four nominated trustees, after a court denied the Fund's request for a preliminary injunction. Saba's Founder, Boaz Weinstein, criticized the previous asset manager, Franklin Templeton, for wasting resources and called for refunds of excess fees incurred during the litigation. This transition is expected to enhance the Fund's performance and shareholder value.

Templeton Global Income Fund (NYSE: GIM) has withdrawn its litigation regarding the certification of the results from the 2022 Annual Meeting of Shareholders held on June 6, 2022. This move allows for the certification of results, seating Saba Capital Management's nominees as trustees. The Fund expressed disappointment over the litigation's lengthy process, stating that Saba's solicitation practices disenfranchised many shareholders. Preliminary voting indicated over 90% support for the Fund’s nominees. The Board will undergo changes as Saba’s nominees assume control, raising concerns about the Fund's future investment strategy.

Templeton Global Income Fund (NYSE: GIM) has announced a monthly distribution of $0.0320 per share from net investment income, payable on February 28, 2023. The distribution is part of a managed distribution plan that guarantees an annual minimum rate of 8%, based on the Fund's average net asset value (NAV). This plan aims to provide consistent monthly payouts to shareholders and reduce market price discounts relative to NAV. The Board retains the authority to amend or terminate the plan without prior notice, which may impact the market price of GIM shares. Shareholders are advised not to draw conclusions about investment performance from this distribution.

The Templeton Global Income Fund (GIM) announced estimated sources of its January 31, 2023 distribution, detailing a per-share distribution of $0.0308. This includes $0.0101 from net investment income (33%) and $0.0207 from return of capital (67%). For the fiscal year-to-date ending December 31, 2022, the cumulative distribution per share was $0.3959, comprising net investment income (46%) and return of capital (54%). The Fund employs a managed distribution plan with a minimum fixed rate of 8% aimed at providing consistent monthly distributions, although the amounts may include a return of capital and should not be confused with investment yield.