Templeton Global Income Fund

Templeton Global Income Fund operates as a closed-end Investment Fund. Its portfolio includes debt and income producing securities. The company was founded on March 17, 1998 and is headquartered in Fort Lauderdale, FL.

Saba has replaced the board of GIM and selected itself to takeover from Templeton. The transfer of management contracts is subject to shareholder approval. A tender offer for a significant number of shares will be conducted if the transfer is approved.

Saba Takes Over GIM

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] today announced a monthly distribution from net investment income of $0.0298 per share, payable on September 29, 2023, to shareholders of record on September 18, 2023 (Ex-Dividend Date: September 15, 2023). The Fund's Board of Trustees (the “Board”) has authorized a managed distribution plan pursuant to which the Fund makes monthly distributions to shareholders at an annual minimum fixed rate of 8%, based on the av.

Templeton Global Income Fund (“GIM” or the “Fund”) Announces Distribution

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940 The Fund's estimated sources of the distribution to be paid on August 31, 2023, and for the fiscal year 2023 year-to-date are as follows: Estimated Allocations for August Monthly Distribution as of July 31, 2023: Distribution Per Share Net Investment Income Net Realized Short-Term Capital Gains Net Realized Long.

Templeton Global Income Fund (“GIM” or the “Fund”) Announces Notification of Sources of Distributions

NEW YORK--(BUSINESS WIRE)--Templeton Global Income Fund (NYSE: GIM) (“GIM” or the “Fund”) today announced that the Fund's Board of Trustees (the “Board”) has selected Saba Capital Management, L.P. (“Saba”) to serve as the new investment adviser of the Fund (the “Adviser Transition”) and to replace the Fund's current investment adviser, Franklin Advisers, Inc. (“Franklin”). In light of the Fund's underperformance compared to its peers over various periods, the Board established a Special Committ.

Templeton Global Income Fund's Board of Trustees Selects Saba Capital as New Investment Adviser

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On July 28, 2023, Saba Capital Management, L.P. (Trades, Portfolio), a renowned investment firm, increased its position in ClearBridge MLP & Midstream Fund Inc. ( CEM , Financial) to 1,641,792 shares.

Saba Capital Management, L.P. Boosts Position in ClearBridge MLP & Midstream Fund Inc.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] today announced a monthly distribution from net investment income of $0.0304 per share, payable on April 28, 2023, to shareholders of record on April 20, 2023 (Ex-Dividend Date: April 19, 2023).

Templeton Global Income Fund (“GIM” or the “Fund”) Announces Distribution and Management Fee Waiver Extension

GIM is an underperforming global income fund with -1.4% 10Yr average annual returns. The fund pays a 9.5% distribution yield that has been funded entirely from ROC in 2021 and 2022.

GIM: Change Of Control Could Signal New Dawn For Investors

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (“Saba” or “we”), a significant shareholder of the Templeton Global Income Fund (NYSE: GIM) (“GIM” or the “Fund”), today reacted to the Fund's withdrawal of its self-serving litigation that delayed the rightful election of four Saba-nominated trustees to the Fund's Board of Trustees (the “Board”).

Saba Capital Prevails Following Franklin Templeton's Withdrawal of its Meritless, Self-Serving Litigation

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund (NYSE: GIM) (the “Fund”) today announced that it has withdrawn the pending litigation to prevent the certification of the results of the Fund's 2022 Annual Meeting of Shareholders (the “2022 Annual Meeting”) held on June 6, 2022 and, as such, the results will be certified and Saba Capital Management, L.P. (“Saba”)'s nominees will be seated as trustees of the Fund.

Templeton Global Income Fund Announces Withdrawal of Pending Litigation to Prevent the Certification of the Fund's 2022 Annual Meeting of Shareholders

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For the first month in three, equity CEFs (-3.12% on a NAV basis) on average witnessed negative performance. While their fixed income CEF cohorts (-0.28%) posted losses for the fourth month in five.

The Month In Closed-End Funds: December 2022

Templeton Global Income Fund Inc (GIM) is a global fixed income closed end fund. The vehicle is focused on emerging market debt, which accounted for over 80% of the portfolio as of the latest review.

GIM: Suitable CEF For Peak Dollar, Peak Rates Views

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According to the Insider Cluster Buys screen, a Premium feature of GuruFocus, five stocks with a high number of insider buy transactions over the past three months include VOXX International Corp. ( VOXX , Financial), Rocket Companies Inc. ( RKT , Financial), Templeton Global Income Fund ( GIM , Financial), Great Elm Group Inc. ( GEG , Financial) and TELA Bio Inc. ( TELA , Financial).

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NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (collectively with its affiliates, “Saba” or “we”), a significant shareholder of the Templeton Global Income Fund (NYSE: GIM) (“GIM” or the “Fund”), today commented on the results of GIM's inspector of elections' review of the voting results of the Fund's 2022 Annual Meeting of Shareholders (the “Annual Meeting”). Following Franklin Templeton's demand for a review, the inspector of elections has reaffirmed shareholders' vote for Saba's fu

Inspector of Elections Reaffirms Voting Results for Saba Capital's Four Nominees at Templeton Global Income Fund After Franklin Templeton's Demand for a Review

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] (the “Fund”), today announced that the Fund and Saba Capital Management, L.P. (“Saba”) and related individuals and parties (together, the “Parties”) have filed a Stipulation and Proposed Order with the United States District Court in the Southern District of New York (the “Court”), which has been granted by the Court, for entry of a status quo agreement and schedule for expedited proceedings, thereby resolving the

Templeton Global Income Fund Announces Legal Action to Prevent Certification of the Results of the Fund's Annual Meeting of Shareholders

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (collectively with its affiliates, “Saba” or “we”), a significant shareholder of the Templeton Global Income Fund (NYSE: GIM) (“GIM” or the “Fund”), today issued the below statement in response to the Fund's meritless and self-serving legal action that seeks to prevent the certification of the results of the Annual Meeting of Shareholders held on June 6, 2022 (the "Annual Meeting"). As a reminder, preliminary voting results show that shar

Saba Capital Comments on Templeton Global Income Fund's Desperate, Self-Serving Attempt to Invalidate the Shareholder Vote at its 2022 Annual Meeting

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (collectively with its affiliates, “Saba” or “we”), a significant shareholder of the Templeton Global Income Fund (NYSE: GIM) (“GIM” or the “Fund”), today commented on the preliminary results of the Fund's 2022 Annual Meeting of Shareholders (the “Annual Meeting”). Based on the preliminary voting results provided by Saba's proxy solicitor, shareholders have voted to elect all four of Saba's nominees – Karen Caldwell, Ketu Desai, Anatoly N

Saba Capital Announces the Election of Full Slate of Nominees to the Templeton Global Income Fund's Board of Trustees Based on Preliminary Results

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] (the “Fund”), today announced that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. (“Glass Lewis”), the leading independent proxy advisory firms, have both recommended that shareholders vote on the Fund's WHITE proxy card FOR all of its nominees -- Mary C. Choksi, Larry D. Thompson, Rupert H. Johnson, Jr., and Gregory E. Johnson -- in connection with the Fund's 2022 Annual Meeting, schedu

Templeton Global Income Fund Announces Leading Independent Proxy Advisory Firms ISS and Glass Lewis Both Fully Support Templeton Global Income Fund's Nominees

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--TEMPLETON GLOBAL INCOME FUND (NYSE: GIM) (“GIM” or the “Fund”) today announced that the Fund's Board of Trustees and manager recently reached an agreement to implement a fee waiver to reduce the Fund's investment management fee by 10 basis points. As a result of this fee waiver, for the period beginning March 1, 2022 and ending September 1, 2022, the Fund will pay the investment manager a monthly fee in dollars, at the annual rate of the Fund's daily net

Templeton Global Income Fund Announces Management Fee Waiver

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] today announced a monthly distribution from net investment income of $0.0362 per share, payable on March 31, 2022, to shareholders of record on March 17, 2022 (Ex-Dividend Date: March 16, 2022). The Fund's Board of Trustees (the “Board”) recently authorized an increase to GIM's managed distribution plan pursuant to which the Fund will make monthly distributions to shareholders at an annual minimum fixed rate of 8%,

Templeton Global Income Fund (“GIM” or the “Fund”) Announces Distribution and Increase to Its Managed Distribution Plan

GIM recently conducted a tender offer for up to 70% of its shares at 99% NAV. The decline in share price after expiry illustrates a key risk for participating in such tender offers.

GIM: Tender Offer Completes

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] today announced the final results of its tender offer to purchase for cash up to 93,900,910 of its common shares, which expired on Tuesday, December 7, 2021 at 11:59 p.m., New York City time. A total of 31,347,230.632 shares, or 23.37% of the Fund's common shares outstanding (134,144,158) and 33.38% of the available shares for tender (93,900,910), were properly tendered and not withdrawn by December 7, 2021, the ex

Templeton Global Income Fund (“GIM”) Announces Final Results of Tender Offer

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] today announced the preliminary results of its issuer tender offer to purchase for cash up to 93,900,910 of its common shares, representing 70% of its issued and outstanding common shares. The offer expired at 11:59 p.m. New York City time, on Tuesday, December 7, 2021. Based on current information, approximately 31,347,530 common shares, or approximately 33.38% of the Fund's common shares outstanding, were tendere

Templeton Global Income Fund (“GIM”) Announces Expiration of Self-Tender Offer

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News for Templeton Global Income Fund ETF (GIM)