Franklin Universal Trust : Templeton Emerging Markets Income Fund (“TEI”) Announces Distribution
June 22, 2020 at 07:43 am EDT
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Templeton Emerging Markets Income Fund ('TEI') Announces Distribution
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Franklin Templeton
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Franklin Templeton
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1-800-342-5236
Fort Lauderdale, Florida, June 1, 2020. Templeton Emerging Markets Income Fund [NYSE: TEI] today announced a monthly distribution from net investment income of $0.0471 per share, payable on June 30, 2020, to shareholders of record on June 15, 2020 (Ex-Dividend Date: June 12, 2020).
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating, together with its subsidiaries, 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 $599 billion in assets under management as of April 30, 2020. For more information, please visit franklintempleton.com.
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Franklin Universal Trust published this content on 01 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2020 11:41:01 UTC
Franklin Universal Trust (Fund) is a closed-end management investment company. The Fund's primary investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth in income through dividend increases and capital appreciation. It invests primarily in two asset classes: high yield bonds and utility stocks. Within the high yield portion of the portfolio, it uses fundamental research to invest in a diversified portfolio of bonds. Within the utility portion of the portfolio, it focuses on companies with attractive dividend yields and with a history of increasing their dividends. The Fund invests in various industrial sectors, such as Electric Utilities, independent power and renewable electricity producers, metals and mining, multi utilities, oil, gas and consumable fuels, auto components, beverages, biotechnology, building products, communications equipment, and others. Franklin Advisers, Inc. is its investment manager.