ISS and Glass Lewis Recommend Shareholders Vote on Templeton Global Income Fund’s WHITE Proxy Card “FOR” All of the Fund’s Highly Qualified Candidates
ISS and Glass Lewis Also Recommend AGAINST Saba’s Shareholder Proposal
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Templeton Global Income Fund [NYSE: GIM] (the “Fund”), today announced that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. (“Glass Lewis”), the leading independent proxy advisory firms, have both recommended that shareholders vote on the Fund’s WHITE proxy card FOR all of its nominees -- Mary C. Choksi, Larry D. Thompson, Rupert H. Johnson, Jr., and Gregory E. Johnson -- in connection with the Fund’s 2022 Annual Meeting, scheduled to be held on June 6, 2022. ISS and Glass Lewis also recommend voting AGAINST Saba’s shareholder proposal to terminate the Fund’s Investment Management Agreement.
Important statements by the proxy advisory firms1 in their voting recommendations FOR the Fund’s nominees and AGAINST the shareholder proposal include:
The Fund’s Nominees Are Well-Qualified with Proven Track Records
Fund Shareholders Should Retain Franklin Advisers Inc. as the Fund’s Investment Adviser
The Fund’s Nominees Have Been Responsive to All Shareholders
YOUR VOTE IS IMPORTANT
VOTE FOR ALL TEMPLETON GLOBAL INCOME FUND’S NOMINEES ON THE WHITE PROXY CARD TODAY
If you have already voted a GOLD proxy card, you may revoke that vote by voting the WHITE proxy card today.
If you need assistance voting, or have any questions about the proxy materials or the meeting in general, please contact AST Fund Solutions (“AST”), our proxy solicitor assisting us in connection with the Meeting. Shareholders may call toll-free at (866) 796-1291. Banks and brokers may call collect at (212) 229-2634. Representatives are available to assist you Monday through Friday 9 a.m. to 10 p.m. Eastern time.
The Fund’s Notice of Annual Meeting of Shareholders, Proxy Statement and form of Proxy are available on the Internet at https://vote.proxyonline.com/franklin/docs/gim2022.pdf. The form of Proxy on the Internet site cannot be used to cast your vote.
For further information on Templeton Global Income Fund, please visit our web site at: www.franklintempleton.com
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.5 trillion in assets under management as of April 30, 2022. For more information, please visit franklintempleton.com.
1 Permission to quote from the ISS and Glass Lewis reports was neither sought nor obtained.
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Shareholder Contact (866) 796-1291
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Source: Franklin Templeton