Templeton Emerging Markets Income Fund, Inc. Common Stock (TEI) Major Shareholder Sells $919,856.22 in Stock

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Templeton Emerging Markets Income Fund, Inc. Common Stock (NYSE:TEI) major shareholder Saba Capital Management, L.P. sold 91,437 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $10.06, for a total value of $919,856.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, August 29th, Saba Capital Management, L.P. sold 47,224 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock. The shares were sold at an average price of $10.18, for a total value of $480,740.32.
  • On Monday, August 27th, Saba Capital Management, L.P. sold 14,410 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $10.60, for a total value of $551,359.00.

Shares of TEI opened at $9.89 on Friday. Templeton Emerging Markets Income Fund, Inc. Common Stock has a 52-week low of $9.81 and a 52-week high of $11.98.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.90 annualized dividend and a dividend yield of 9.10%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Whitener Capital Management Inc. increased its stake in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock by 49.7% in the 2nd quarter. Whitener Capital Management Inc. now owns 18,800 shares of the company’s stock valued at $193,000 after purchasing an additional 6,240 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock in the 2nd quarter valued at $739,000. Ancora Advisors LLC increased its stake in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock by 11.5% in the 1st quarter. Ancora Advisors LLC now owns 88,633 shares of the company’s stock valued at $1,001,000 after purchasing an additional 9,135 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock by 24.3% in the 1st quarter. Guggenheim Capital LLC now owns 47,217 shares of the company’s stock valued at $533,000 after purchasing an additional 9,224 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock by 178.9% in the 2nd quarter. Sei Investments Co. now owns 16,141 shares of the company’s stock valued at $166,000 after purchasing an additional 10,353 shares during 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.

Further Reading: Stock Symbols and CUSIP Explained

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

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