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Globe and Mail
30-07-2025
- Business
- Globe and Mail
Templeton Emerging Markets Income Fund ('TEI' or the 'Fund') Announces Notification of Sources of Distributions
Templeton Emerging Markets Income Fund [NYSE: TEI]: Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940 The Fund's estimated sources of the distribution to be paid on July 31, 2025, and for the fiscal year 2025 year-to-date are as follows: Estimated Allocations for July Monthly Distribution as of June 30, 2025: Distribution Per Share Net Investment Income Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital $0.0475 $0.0475 (100%) $0.00 (0%) $0.00 (0%) $0.00 (0%) Cumulative Estimated Allocations fiscal year-to-date as of June 30, 2025, for the fiscal year ending December 31, 2025: Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Plan. TEI estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the TEI distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect TEI's investment performance and should not be confused with 'yield' or 'income'. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund's distributions for federal income tax purposes. Average Annual Total Return (in relation to the change in net asset value (NAV) for the 5-year period ended on 6/30/2025) 1 Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 6/30/2025) 2 Cumulative Total Return (in relation to the change in NAV for the fiscal period through 6/30/2025) 3 Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 6/30/2025) 4 2.44% 8.96% 18.08% 4.48% Fund Performance and Distribution Rate Information: 1 Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through June 30, 2025. Annual NAV Total Return is the percentage change in the Fund's NAV over a year, assuming reinvestment of distributions paid. 2 The Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV through June 30, 2025. 3 Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2024 through June 30, 2025, assuming reinvestment of distributions paid. 4 The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period December 31, 2024 through June 30, 2025, as a percentage of the Fund's NAV as of June 30, 2025. The Fund's Board of Trustees (the 'Board') has authorized a managed distribution plan (the 'Plan') pursuant to which the Fund makes monthly distributions to shareholders at the fixed rate of $0.0475 per share. The Plan is intended to provide shareholders with consistent distributions each month and is intended to narrow the discount between the market price and the net asset value ('NAV') of the Fund's common shares, but there can be no assurance that the Plan will be successful in doing so. The Fund is managed with a goal of generating as much of the distribution as possible from net ordinary income and short-term capital gains, that is consistent with the Fund's investment strategy and risk profile. To the extent that sufficient distributable income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution rate. A return of capital may occur, for example, when some or all of the money that was invested in the Fund is paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. Even though the Fund may realize current year capital gains, such gains may be offset, in whole or in part, by the Fund's capital loss carryovers from prior years. The Board may amend the terms of the Plan or terminate the Plan at any time without prior notice to the Fund's shareholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund's common shares. The Plan will be subject to the periodic review by the Board, including a yearly review of the fixed rate to determine if an adjustment should be made. For further information on Templeton Emerging Markets Income Fund, please visit our web site at: Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 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 specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.61 trillion in assets under management as of June 30, 2025. For more information, please visit
Yahoo
11-07-2025
- Business
- Yahoo
BlackRock Taxable Municipal Bond Trust (BBN) Announces Distribution Dates and an Increase to the Monthly Distribution Rate
NEW YORK, July 11, 2025--(BUSINESS WIRE)--BlackRock Taxable Municipal Bond Trust (the "Fund") announced today an increase to its monthly distribution rate, driven by higher Fund earnings. The new annualized distribution rate is approximately 7% on BBN's NAV. Shareholders will receive the higher distribution rate starting with the August 2025 distribution. Details are highlighted in the table below: Fund Name Ticker August 29, 2025 Distribution Change From Prior Distribution Percent Increase BlackRock Taxable Municipal Bond Trust* BBN $0.09860 +$0.00570 +6.14% Key dates:Declaration- 7/11/2025 Ex-Date- 8/15/2025 Record- 8/15/2025 Payable- 8/29/2025 *In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act"), the Fund noted above posted to the DTC bulletin board and sent to its shareholders of record as of the applicable record date a Section 19 notice with the previous distribution payment. The Section 19 notice was provided for informational purposes only and not for tax reporting purposes. This information can be found in the "Closed-End Funds" section of As applicable, the final determination of the source and tax characteristics of all distributions in 2025 will be made after the end of the year. The Fund's ability to maintain its declared distribution amount will depend on a number of factors, such as the amount and stability of investment income earned by the Fund, its asset mix, portfolio turnover, performance of its investments, level of retained earnings, the amount of leverage utilized by the Fund and the effects thereof, the costs of such leverage, the movement of interest rates for municipal bonds and general market conditions. Shareholders should not draw any conclusions about a Fund's investment performance from the amount of the Fund's current distribution or from the terms of the Fund's dividend policy. A portion of the distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder's investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with 'yield' or 'income.' When distributions exceed total return performance, the difference will reduce the Fund's net asset value. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit Availability of Fund Updates BlackRock will update performance and certain other data for the Fund on a monthly basis on its website in the "Closed-end Funds" section of as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Fund. This reference to BlackRock's website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate BlackRock's website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or the Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund's or BlackRock's future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate," "current," "intention," "estimate," "position," "assume," "outlook," "continue," "remain," "maintain," "sustain," "seek," "achieve," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may" or similar expressions. BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in the Fund's net asset value; (2) the relative and absolute investment performance of the Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock's ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. Annual and Semi-Annual Reports and other regulatory filings of the Fund with the SEC are accessible on the SEC's website at and on BlackRock's website at and may discuss these or other factors that affect the Fund. The information contained on BlackRock's website is not a part of this press release. View source version on Contacts 1-800-882-0052
