NINE MASTS CAPITAL Ltd Buys New Stake in Templeton Emerging Markets Income Fund, Inc. (TEI)

NINE MASTS CAPITAL Ltd bought a new position in Templeton Emerging Markets Income Fund, Inc. (NYSE:TEI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 142,000 shares of the company’s stock, valued at approximately $1,420,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Templeton Emerging Markets Income Fund in the second quarter worth about $1,034,000. Sei Investments Co. boosted its position in shares of Templeton Emerging Markets Income Fund by 178.9% in the second quarter. Sei Investments Co. now owns 16,141 shares of the company’s stock worth $166,000 after buying an additional 10,353 shares during the period. Doliver Capital Advisors LP boosted its position in shares of Templeton Emerging Markets Income Fund by 102.8% in the third quarter. Doliver Capital Advisors LP now owns 60,195 shares of the company’s stock worth $602,000 after buying an additional 30,517 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Templeton Emerging Markets Income Fund by 126.7% in the third quarter. Janney Montgomery Scott LLC now owns 49,960 shares of the company’s stock worth $500,000 after buying an additional 27,920 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Templeton Emerging Markets Income Fund by 20.2% in the second quarter. Bank of America Corp DE now owns 469,758 shares of the company’s stock worth $4,825,000 after buying an additional 78,790 shares during the period.

Shares of NYSE TEI traded down $0.04 on Thursday, hitting $9.51. The company had a trading volume of 4,990 shares, compared to its average volume of 178,248. Templeton Emerging Markets Income Fund, Inc. has a 12-month low of $9.46 and a 12-month high of $11.98.

The business also recently announced a monthly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be given a $0.0651 dividend. This represents a $0.78 annualized dividend and a dividend yield of 8.21%. The ex-dividend date of this dividend is Friday, December 14th.

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Templeton Emerging Markets Income Fund Profile

Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.

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Institutional Ownership by Quarter for Templeton Emerging Markets Income Fund (NYSE:TEI)

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