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). |