Templeton Emerging Markets Income Fund, Inc. Common Stock (NYSE:TEI) major shareholder Saba Capital Management, L.P. sold 47,224 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $10.18, for a total value of $480,740.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Monday, August 27th, Saba Capital Management, L.P. sold 14,410 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock. The stock was sold at an average price of $10.23, for a total value of $147,414.30.
  • On Thursday, August 23rd, Saba Capital Management, L.P. sold 42,052 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock. The stock was sold at an average price of $10.26, for a total value of $431,453.52.
  • On Tuesday, August 21st, Saba Capital Management, L.P. sold 215,890 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock. The stock was sold at an average price of $10.26, for a total value of $2,215,031.40.
  • On Thursday, August 16th, Saba Capital Management, L.P. sold 53,758 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock. The stock was sold at an average price of $10.29, for a total value of $553,169.82.
  • On Tuesday, August 14th, Saba Capital Management, L.P. sold 34,535 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock. The stock was sold at an average price of $10.30, for a total value of $355,710.50.
  • On Friday, August 10th, Saba Capital Management, L.P. sold 18,662 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock. The stock was sold at an average price of $10.50, for a total value of $195,951.00.
  • On Wednesday, August 8th, Saba Capital Management, L.P. sold 63,130 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock. The stock was sold at an average price of $10.57, for a total value of $667,284.10.
  • On Monday, August 6th, Saba Capital Management, L.P. sold 50,160 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock. The stock was sold at an average price of $10.60, for a total value of $531,696.00.
  • On Thursday, August 2nd, Saba Capital Management, L.P. sold 52,015 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock. The stock was sold at an average price of $10.60, for a total value of $551,359.00.
  • On Wednesday, July 25th, Saba Capital Management, L.P. sold 72,332 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock. The stock was sold at an average price of $10.47, for a total value of $757,316.04.

Shares of NYSE TEI traded down $0.04 during trading on Friday, reaching $9.98. The stock had a trading volume of 2,624 shares, compared to its average volume of 154,604. Templeton Emerging Markets Income Fund, Inc. Common Stock has a fifty-two week low of $9.96 and a fifty-two week high of $11.98.

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 9.02%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock in the fourth quarter valued at $122,000. IFP Advisors Inc grew its stake in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock by 1,002.8% in the first quarter. IFP Advisors Inc now owns 11,701 shares of the company’s stock valued at $132,000 after buying an additional 10,640 shares in the last quarter. First Allied Advisory Services Inc. acquired a new stake in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock in the first quarter valued at $154,000. Sei Investments Co. grew its stake in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock by 178.9% in the second quarter. Sei Investments Co. now owns 16,141 shares of the company’s stock valued at $166,000 after buying an additional 10,353 shares in the last quarter. Finally, Whitener Capital Management Inc. grew its stake in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock by 49.7% in the second quarter. Whitener Capital Management Inc. now owns 18,800 shares of the company’s stock valued at $193,000 after buying an additional 6,240 shares in the last quarter.

Templeton Emerging Markets Income Fund, Inc. Common Stock Company 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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Insider Buying and Selling by Quarter for Templeton Emerging Markets Income Fund, Inc. Common Stock (NYSE:TEI)

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