Templeton Global Income Fund

Templeton Global Income Fund operates as a closed-end Investment Fund. Its portfolio includes debt and income producing securities. The company was founded on March 17, 1998 and is headquartered in Fort Lauderdale, FL.

Saba Capital Income & Opportunities Fund II operates as a closed-end Investment Fund. Its portfolio includes debt and income producing securities. The company was founded on March 17, 1998 and is headquartered in Fort Lauderdale, FL.

Saba Capital Income & Opportunities Fund II is a closed-end fund focused on generating income for investors. The fund's share price dropped after a transition in advisory, but has since performed fairly well compared to its sister fund, BRW. The fund aims to provide a distribution yield of about 9.04% annually, with the potential for special distributions.

GIM: This New Saba Fund Could Be Promising, But I Want More Information

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940 The Fund's estimated sources of the distribution to be paid on December 29, 2023, and for the fiscal year 2024 year-to-date are as follows: Estimated Allocations for December Monthly Distribution as of November 30, 2023: Distribution Per Share Net Investment Income Net Realized Short-Term Capital Gains Net Reali.

Templeton Global Income Fund (“GIM” or the “Fund”) Announces Notification of Sources of Distributions

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Eaton Vance Municipal Income 2028 Term Trust

First Trust Mortgage Income Fund

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Western Asset High Income Fund

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Nuveen Mortgage Opportunity Term Fund

Deutsche Municipal Income Trust

Morgan Stanley Emerging Markets Debt Fund

Nuveen Municipal Credit Opportunities Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

PIMCO Access Income Fund

Putnam High Income Securities Fund

PIMCO Income Strategy Fund II

Franklin Templeton Emerging Markets Income Fund

Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, meaning higher rates for longer. Discounts for CEFs continue to tread water, with real estate and interest rate-sensitive bond sectors performing well, while emerging market equity and convertibles performed poorly.

CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] today announced a total distribution from net investment income of $0.0987 per share comprised of a regular monthly distribution of $0.0288 and a special distribution of $0.0699 to meet excise tax requirements, payable on December 29, 2023, to shareholders of record on December 18, 2023 (Ex-Dividend Date: December 15, 2023). The Fund's Board of Trustees (the “Board”) has authorized a managed distribution plan pursu.

Templeton Global Income Fund (“GIM” or the “Fund”) Announces Distribution

Templeton Global Income Fund's tender offer for 45% of shares at 99% of NAV has concluded. The potential gain from the tendered shares should be balanced against the expected loss due to the post-tender drop of the untendered shares. GIM will transition into a Saba-managed fund, and we offer our thoughts on what investors should do now.

GIM: Tender Results And Going Forward

NEW YORK--(BUSINESS WIRE)--Templeton Global Income Fund (NYSE: GIM) (the “Fund”) today announced an update regarding the upcoming Adviser Transition, whereby Saba Capital Management, L.P. ("Saba") will assume responsibility from Franklin Advisers, Inc. ("Franklin Advisers"), the current manager of the Fund, for providing investment management services to the Fund (the “Adviser Transition”). The Adviser Transition will occur on or about the close of business on December 31, 2023. In connection w.

Templeton Global Income Fund Announces Update on Investment Adviser Transition to Saba Capital

NEW YORK--(BUSINESS WIRE)--Templeton Global Income Fund (NYSE: GIM) (the “Fund”) today announced final results of its tender offer (the "Tender Offer") to purchase for cash up to 45% of its outstanding common shares (the "Shares"). The Tender Offer, which expired on November 9, 2023 at 5:00 p.m. Eastern Time, was oversubscribed. Therefore, in accordance with the terms and conditions of the Tender Offer, the Fund will purchase Shares from all tendering shareholders on a pro rata basis, after dis.

Templeton Global Income Fund Announces Final Results of Tender Offer

NEW YORK--(BUSINESS WIRE)--Templeton Global Income Fund (NYSE: GIM) (the “Fund”) today announced preliminary results of its tender offer (the "Tender Offer") to purchase for cash up to 45% of its outstanding common shares (the "Shares"), which expired on November 9, 2023 at 5:00 p.m., Eastern Time. Based on preliminary information, approximately 70,525,164 Shares were properly tendered. Because the Tender Offer was oversubscribed, the relative number of Shares that will be purchased from each s.

Templeton Global Income Fund Announces Preliminary Results of Tender Offer

NEW YORK--(BUSINESS WIRE)--Templeton Global Income Fund (NYSE: GIM) (the “Fund”) today reported the results of its Special Meeting of Shareholders (the “Special Meeting”) held on October 25, 2023. The results show that all three proposals presented at the Special Meeting passed. Specifically, shareholders voted in favor of: The approval of a new investment management agreement between the Fund and Saba Capital Management, L.P. (“Saba”) (the “New Management Agreement”); The approval of making th.

Templeton Global Income Fund Announces Results of Special Meeting of Shareholders

Credit Suisse Asset Management Income Fund

Credit Suisse High Yield Bond Fund

Barings Corporate Investors

Barings Participation Investors

We review CEF market valuation and performance through the second week of October and highlight recent market action. CEFs had a good week; however, discount action remains depressed. Equity CEFs have to rely on total NAV performance to anchor their distributions rather than net income.

CEF Weekly Review: Performance Is The Distribution Anchor For Equity CEFs

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund (NYSE: GIM) (the “Fund”), today announced the commencement of a tender offer for its outstanding common shares. The Fund will purchase for cash up to 45% of its outstanding common shares, no par value, at a price equal to 99% of the Fund's NAV per share as determined as of the close of the regular trading session of the New York Stock Exchange (“NYSE”) on the day the tender offer expires. The tender offer will expire on Novemb.

Templeton Global Income Fund Announces Commencement of Tender Offer for its Common Shares

Saba has replaced the board of GIM and selected itself to takeover from Templeton. The transfer of management contracts is subject to shareholder approval. A tender offer for a significant number of shares will be conducted if the transfer is approved.

Saba Takes Over GIM

NEW YORK--(BUSINESS WIRE)--Templeton Global Income Fund (NYSE: GIM) (“GIM” or the “Fund”) today announced that the Fund's Board of Trustees (the “Board”) has selected Saba Capital Management, L.P. (“Saba”) to serve as the new investment adviser of the Fund (the “Adviser Transition”) and to replace the Fund's current investment adviser, Franklin Advisers, Inc. (“Franklin”). In light of the Fund's underperformance compared to its peers over various periods, the Board established a Special Committ.

Templeton Global Income Fund's Board of Trustees Selects Saba Capital as New Investment Adviser

BlackRock Capital Allocation Trust

BlackRock Innovation & Growth Trust

BlackRock Health Sciences Trust II

ClearBridge Energy MLP Fund Inc

Blackrock ESG Capital Allocation Trust

On July 28, 2023, Saba Capital Management, L.P. (Trades, Portfolio), a renowned investment firm, increased its position in ClearBridge MLP & Midstream Fund Inc. ( CEM , Financial) to 1,641,792 shares.

Saba Capital Management, L.P. Boosts Position in ClearBridge MLP & Midstream Fund Inc.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] today announced a monthly distribution from net investment income of $0.0304 per share, payable on April 28, 2023, to shareholders of record on April 20, 2023 (Ex-Dividend Date: April 19, 2023).

Templeton Global Income Fund (“GIM” or the “Fund”) Announces Distribution and Management Fee Waiver Extension

GIM is an underperforming global income fund with -1.4% 10Yr average annual returns. The fund pays a 9.5% distribution yield that has been funded entirely from ROC in 2021 and 2022.

GIM: Change Of Control Could Signal New Dawn For Investors

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (“Saba” or “we”), a significant shareholder of the Templeton Global Income Fund (NYSE: GIM) (“GIM” or the “Fund”), today reacted to the Fund's withdrawal of its self-serving litigation that delayed the rightful election of four Saba-nominated trustees to the Fund's Board of Trustees (the “Board”).

Saba Capital Prevails Following Franklin Templeton's Withdrawal of its Meritless, Self-Serving Litigation

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund (NYSE: GIM) (the “Fund”) today announced that it has withdrawn the pending litigation to prevent the certification of the results of the Fund's 2022 Annual Meeting of Shareholders (the “2022 Annual Meeting”) held on June 6, 2022 and, as such, the results will be certified and Saba Capital Management, L.P. (“Saba”)'s nominees will be seated as trustees of the Fund.

Templeton Global Income Fund Announces Withdrawal of Pending Litigation to Prevent the Certification of the Fund's 2022 Annual Meeting of Shareholders

ASA Gold and Precious Metals Ltd

Central and Eastern Europe Fund

Virtus Stone Harbor Emerging Markets Income Fund 

Aberdeen Asia-Pacific Income Fund Inc

Japan Smaller Capitalization Fund

Franklin Templeton Dragon Fund

For the first month in three, equity CEFs (-3.12% on a NAV basis) on average witnessed negative performance. While their fixed income CEF cohorts (-0.28%) posted losses for the fourth month in five.

The Month In Closed-End Funds: December 2022

Templeton Global Income Fund Inc (GIM) is a global fixed income closed end fund. The vehicle is focused on emerging market debt, which accounted for over 80% of the portfolio as of the latest review.

GIM: Suitable CEF For Peak Dollar, Peak Rates Views

ARMOUR Residential REIT

EPR Properties

Gladstone Investment

Virtus Total Return Fund

To paraphrase the great Jerry Maguire: Show me the money. Monthly!

This Payout Portfolio Yields 6x More Than The Market

Great Elm Group

Rocket Companies, Inc.

VOXX International Corporation Class A

According to the Insider Cluster Buys screen, a Premium feature of GuruFocus, five stocks with a high number of insider buy transactions over the past three months include VOXX International Corp. ( VOXX , Financial), Rocket Companies Inc. ( RKT , Financial), Templeton Global Income Fund ( GIM , Financial), Great Elm Group Inc. ( GEG , Financial) and TELA Bio Inc. ( TELA , Financial).

5 Stocks Insiders Have Built Positions in Over Past 3 Months

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (collectively with its affiliates, “Saba” or “we”), a significant shareholder of the Templeton Global Income Fund (NYSE: GIM) (“GIM” or the “Fund”), today commented on the results of GIM's inspector of elections' review of the voting results of the Fund's 2022 Annual Meeting of Shareholders (the “Annual Meeting”). Following Franklin Templeton's demand for a review, the inspector of elections has reaffirmed shareholders' vote for Saba's fu

Inspector of Elections Reaffirms Voting Results for Saba Capital's Four Nominees at Templeton Global Income Fund After Franklin Templeton's Demand for a Review

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] (the “Fund”), today announced that the Fund and Saba Capital Management, L.P. (“Saba”) and related individuals and parties (together, the “Parties”) have filed a Stipulation and Proposed Order with the United States District Court in the Southern District of New York (the “Court”), which has been granted by the Court, for entry of a status quo agreement and schedule for expedited proceedings, thereby resolving the

Templeton Global Income Fund Announces Legal Action to Prevent Certification of the Results of the Fund's Annual Meeting of Shareholders

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (collectively with its affiliates, “Saba” or “we”), a significant shareholder of the Templeton Global Income Fund (NYSE: GIM) (“GIM” or the “Fund”), today issued the below statement in response to the Fund's meritless and self-serving legal action that seeks to prevent the certification of the results of the Annual Meeting of Shareholders held on June 6, 2022 (the "Annual Meeting"). As a reminder, preliminary voting results show that shar

News for Templeton Global Income Fund ETF (GIM)