Templeton Emerging Markets Income Fund, Inc.(“TEI”) Announces Results Of Annual Meeting Of Shareholders
|From:||Franklin Templeton Investments|
Fort Lauderdale, Florida, February 27, 2004. Templeton Emerging Markets Income Fund, Inc. (NYSE: TEI) (the “Fund”), a closed-end management investment company, announced the final results of voting at the Annual Meeting of Shareholders held today. Shareholders approved the election of Directors (Proposal 1) and an Agreement and Plan of Reorganization that provides for the reorganization of the Fund from a Maryland corporation to a Delaware statutory trust (Proposal 2). Shareholders also approved amendments to certain of the Fund’s fundamental investment restrictions (Proposals 3(a)-3(f)) and the elimination of certain of the Fund’s fundamental investment restrictions (Proposal 4), in order to provide the Fund with greater investment flexibility to meet its investment objective and to modernize its investment restrictions.
The Fund's investment manager is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management services through its Franklin, Templeton, Mutual Series and Fiduciary Trust subsidiaries. The San Mateo, CA-based company has over 50 years of investment experience and more than $343 billion in assets under management as of January 31, 2004. For more information, please call 1-800/DIAL BEN® (1-800-342-5236).