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Templeton Emerging Markets Income Fund (N:TEI)

Business Focus: Investment Management & Fund Operators

Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEC
Company Contact
Address: 300 SE 2nd St
FORT LAUDERDALE FL 33301-1923
Tel: N/A
Website: https://www.franklintempleton.com/investments/options/closed-end-funds/products/555/SINGLCLASS/templeton-emerging-markets-income-fund/TEI
IR: See website
Key People
Gregory E. Johnson
Chairman of the board of Trustee, Vice President
Susan Kerr
Vice President - AML Compliance
Michael J. Hasenstab
President, Chief Executive Officer - Investment Management
Christopher Kings
Chief Financial Officer, Chief Accounting Officer, Treasurer
Matthew T. Hinkle
Chief Executive Officer - Finance and Administration
Breda M. Beckerle
Chief Compliance Officer
Lori A. Weber
Vice President, Secretary
Alison E. Baur
Vice President, Assistant Secretary
Steven J. Gray
Vice President, Assistant Secretary
Navid J. Tofigh
Vice President, Assistant Secretary
   
Business Overview
Templeton Emerging Markets Income Fund (the Fund) is a closed-end management investment company. The Fund seeks high, current income, with a secondary goal of capital appreciation, by investing, under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries. The Fund invests in bonds from emerging markets around the world to generate income for the Fund, seeking opportunities while monitoring changes in interest rates, currency exchange rates and credit risk. Its investment portfolio includes foreign government and agency securities, corporate bonds, convertible bonds, and short-term investments. Its markets are located in the Asia Pacific region, Eastern Europe, the Middle East, Central and South America and Africa. The Fund's investment manager is Franklin Advisers, Inc.
Financial Overview
For the fiscal year ended 31 December 2023, Templeton Emerging Markets Income Fund revenues increased 5% to $26.7M. Net income totaled $34.9M vs. loss of $58M. Revenues reflect Interest- Unaffiliated issuers increase from $134K to $26.2M. Net Income reflects Unaffiliated issuers increase from $9.6M (expense) to $32.6M (income), Forward exchange contracts increase from $25.6M (expense) to $15.4M (income).