FORT LAUDERDALE, Fla., Dec. 03, 2018 (GLOBE NEWSWIRE) — Templeton Emerging Markets Income Fund (NYSE: TEI) today announced a monthly distribution from net investment income of $0.0651 per share, payable on December 31, 2018, to shareholders of record on December 17, 2018 (Ex-Dividend Date: December 14, 2018).
The Fund also announced that effective December 31, 2018, Calvin Ho, Ph.D., will join Michael Hasenstab, Ph.D., as a portfolio manager of Templeton Emerging Markets Income Fund, replacing Sonal Desai, Ph.D. Dr. Ho joined Franklin Templeton Investments in 2005 after obtaining his Ph.D. at the University of California, Berkeley. Currently, he is a vice president and deputy director of research for Templeton Global Macro. In this position, he specializes in the global macroeconomic analysis and global exchange rate modeling. Additionally, he has a research focus on selected economies of European, Latin American and African countries. Dr. Ho holds both B.A. and Ph.D. in economics from the University of California, Berkeley. His prior research analyzed international monetary arrangements. He is also fluent in Mandarin and Cantonese Chinese. Dr. Hasenstab, who has been a member of the Fund’s management team since 2002, will continue to serve as the lead portfolio manager of the Fund.
The Fund’s investment manager, Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides 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, alternative and custom solutions. The company’s more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in more than 30 countries, the California–based company has over 70 years of investment experience and over $682 billion in assets under management as of October 31, 2018. For more information, please visit franklintempleton.com.
For more information, please contact Franklin Templeton Investments at 1-800-342-5236.