Templeton Global Income Fund ("GIM") Announces Dividend
|From:||Franklin Templeton Investments|
|Contact:||Franklin Templeton Investments|
Fort Lauderdale, Florida, June 2, 2006. Templeton Global Income Fund (NYSE: GIM) today announced its regular monthly dividend from net investment income of $0.042 per share, payable on June 30, 2006 to shareholders of record on June 16, 2006 (Ex-Dividend Date: June 14, 2006).
The Fund is earning sufficient tax basis income, exclusive of foreign exchange gains or losses, to increase the current dividend rate to $0.042 per share. A central part of our strategy has been to shorten duration exposure to protect against capital losses during this rising interest rate cycle. At the same time, rising short-term yields, as a result of tighter monetary policy, have increased the re-investment yields of these short duration bond positions resulting in higher net income for the Fund.
The Fund's investment manager 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 solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams. The San Mateo, CA-based company has more than 50 years of investment experience and over $504 billion in assets under management as of April 30, 2006. For more information, please call 1-800/DIAL BEN® (1-800-342-5236) or visit franklintempleton.com.