On December 29, 2022, Saba Capital Management, L.P. announced that it has submitted to Templeton Global Income Fund a notice informing the Company of its intention to (i) nominate a slate of 3 independent trustee candidates, Stephen G. Flanagan, Garry Khasidy, and Andrew Kellerman, for election to the Board at the Company's 2023 annual meeting of shareholders and (ii) submit a proposal to terminate the investment management agreement between the Company and its investment manager, Franklin Advisers, Inc. Certain of the 2023 nominees have entered into a nomination agreement with Saba Capital substantially in the form of nominee agreement whereby such nominees agreed to become members of a slate of nominees and stand for election as directors of the Company in connection with a proxy solicitation which may be conducted in respect of the 2023 annual meeting.