Templeton Global Income Fund Announces Final Results of Tender Offer

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Tags

11/13/2023 - 04:15 PM

NEW YORK--(BUSINESS WIRE)-- Templeton Global Income Fund (NYSE: GIM) (the “Fund”) today announced final results of its tender offer (the "Tender Offer") to purchase for cash up to 45% of its outstanding common shares (the "Shares").

The Tender Offer, which expired on November 9, 2023 at 5:00 p.m. Eastern Time, was oversubscribed.

Therefore, in accordance with the terms and conditions of the Tender Offer, the Fund will purchase Shares from all tendering shareholders on a pro rata basis, after disregarding fractions, based on the number of Shares properly tendered (“Pro-Ration Factor”). The final results of the Tender Offer are provided in the table below.

Number of Shares Tendered	Number of Tendered Shares to be Purchased	Pro-Ration Factor	Purchase Price*
70,503,168	46,221,447	0.655593461	$4.19

* Equal to 99% of the Fund’s net asset value per Share as determined as of the close of the regular trading session of the New York Stock Exchange on November 9, 2023 (the day on which the Tender Offer expired).

Questions regarding the Tender Offer may be directed to Campaign Management LLC, the Information Agent for the Tender Offer, toll free at 1-855-434-5243.

The offer to purchase and other documents filed by the Fund with the U.S. Securities and Exchange Commission (SEC) are available without cost at the SEC’s website at www.sec.gov or by calling 800-342-5236.