FORT LAUDERDALE, Fla., June 03, 2019 (GLOBE NEWSWIRE) -- Templeton Emerging Markets Income Fund [NYSE: TEI], a closed-end management investment company (the “Fund”), today announced the results of voting at the 2019 Annual Meeting of Shareholders held on Thursday, May 30, 2019. Shareholders approved the election of three Trustees (Proposal 1), the elimination of the fundamental investment policy requiring the Fund to invest at least 65% of its total assets in U.S. dollar-denominated securities (Proposal 2), an amended fundamental investment restriction regarding investments in commodities (Proposal 3) and ratification of the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Fund for the fiscal year ending December 31, 2019 (Proposal 4).
For additional information regarding the Proposals, please refer to the May 30, 2019, proxy statement filed with the Securities and Exchange Commission on April 1, 2019 and available at:
Additionally, the Fund announced a monthly distribution from net investment income of $0.0670 per share, payable on June 28, 2019, to shareholders of record on June 14, 2019 (Ex-Dividend Date: June 13, 2019).
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton. Franklin Templeton’s goal is to deliver better outcomes by providing global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes, including equity, fixed income, alternatives and custom multi-asset solutions. The company’s more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the California-based company has more than 70 years of investment experience and over $720 billion in assets under management as of April 30, 2019. For more information, please visit franklintempleton.com.
For more information, please contact Franklin Templeton at 1-800-342-5236.