TEI Overview

Distribution Notification: The Templeton Emerging Markets Income Fund has announced its estimated sources of distribution for November 2025, with a per-share distribution of $0.0475, primarily sourced from net investment income.

Return of Capital: A portion of the distribution may be classified as a return of capital, indicating that some of the money invested by shareholders is being paid back, which does not necessarily reflect the Fund's investment performance.

Managed Distribution Plan: The Fund operates under a managed distribution plan that aims to provide consistent monthly distributions, but it may utilize long-term capital gains or return of capital if sufficient income is not available.

Investment Performance Review: The Fund's Board of Trustees may amend or terminate the distribution plan at any time, and the plan's effectiveness in narrowing the market price discount to net asset value is not guaranteed.

Distribution Notification: The Templeton Emerging Markets Income Fund (TEI) has announced its estimated sources of distributions for October 31, 2025, with a monthly distribution of $0.0475 per share, primarily sourced from net investment income.

Return of Capital: A portion of the distribution may be classified as a return of capital, which does not reflect the Fund's investment performance and should not be confused with yield or income.

Managed Distribution Plan: The Fund operates under a managed distribution plan that aims to provide consistent monthly distributions, but there is no guarantee of success in narrowing the discount between market price and net asset value (NAV).

Fund Performance Overview: As of September 30, 2025, the Fund reported an average annual total return of 3.89% and a cumulative total return of 26.2%, with a fiscal year-to-date distribution rate of 6.43% as a percentage of NAV.

Current Treasury Rates: The 10-year Treasury rate has dropped to around 4%, prompting investors to seek higher yields through closed-end funds (CEFs) that offer returns exceeding 10%.

Factors Behind Falling Rates: The decline in Treasury yields is attributed to Treasury Secretary Scott Bessent's strategy of focusing on short-term debt issuance, which reduces the supply of long-term Treasuries and boosts their prices.

Investment Opportunities: The PIMCO Corporate & Income Opportunity Fund (PTY) and the Templeton Emerging Markets Income Fund (TEI) are highlighted as attractive investment options, with PTY offering a 10.3% yield and TEI providing a 9.2% yield.

Future Prospects: With expectations of continued pressure on Treasury yields, there is potential for significant returns from high-yield bond funds, including a top pick that boasts an 11% growing dividend.