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Templeton Global Income Fund, I Message Board

  • tricknixon7 tricknixon7 Dec 19, 2012 3:36 PM Flag

    what the F happened to this CEF

    am I missing something I saw the year end distribution, but whats the cause for the extra drop? Anyone know TPINX held up fine?

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    • If you were a shareholder of GIM on Dec 12, you're getting .62 a share at year end. Your share which closed on Dec 12 at 9.16, is now priced at 9.09. Seems a good deal to me, having .62 in your pocket for each share, while losing .07 at today's closing.

      • 1 Reply to vensh
      • I think Tricknixon's question goes beyond the fundamentals of the market value of GIM....pre and post 12/12/12 . He maybe asking two questions rather than one. First question, why has the premium between market value and NAV dropped from 45 cents at August 31, 2012 to 9 cents on 12/20/12 ? Second question....The 62 cent distribution has already been taken out of the present market price......Has the 62 cents been deducted from the 12/20/12 NAV of $9.00 ? My guess is that it has not, but will be deducted upon payment on 12/31/12.....that could possibly result in the market value on 12/31/12 being $9.09 and the NAV being $8.38....welcome back to the world of PREMIUM...(What a way to start the new year.)

6.32-0.09(-1.40%)Jun 24 4:00 PMEDT