TEMPLETON EMERGING MARKETS INCOME FUND Templeton Emerging Markets Income Fund announced that its Board has implemented a new managed distribution plan where the Fund will distribute a level distribution amount to shareholders. The Fund intends to distribute $0.0475 per share monthly which is an annualized distribution rate of 10.10% based on the NAV as of 11/30/2023. The new managed distribution plan will take effect with the distribution that will be payable on January 31, 2024, to shareholders of record on January 19, 2024 (Ex-dividend Date: January 18, 2024).
Previously, the Fund?s monthly distribution was calculated at an annualized rate of 10% based on the prior month?s average net asset value (NAV). The Board believes that paying a level distribution provides greater consistency to investors and may help how the Fund trades relative to its NAV. The Fund?s distribution level may be changed by the Board of Trustees in the future.
