<SEC-DOCUMENT>0001137439-22-000299.txt : 20220404
<SEC-HEADER>0001137439-22-000299.hdr.sgml : 20220404
<ACCEPTANCE-DATETIME>20220404153858
ACCESSION NUMBER:		0001137439-22-000299
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220404
DATE AS OF CHANGE:		20220404

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEMPLETON GLOBAL INCOME FUND
		CENTRAL INDEX KEY:			0000828803
		IRS NUMBER:				222864496
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05459
		FILM NUMBER:		22801861

	BUSINESS ADDRESS:	
		STREET 1:		300 S.E. 2ND STREET
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301-1923
		BUSINESS PHONE:		9545277500

	MAIL ADDRESS:	
		STREET 1:		300 S.E. 2ND STREET
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301-1923

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEMPLETON GLOBAL INCOME FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>tgifdefa14a2022.htm
<TEXT>
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      <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-weight: bold;">Washington, D.C. 20549</div>
      <div><br>
      </div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">SCHEDULE 14A</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Proxy Statement Pursuant to Section 14(a)</div>
      <div style="text-align: center; font-weight: bold;">of the Securities Exchange Act of 1934</div>
      <div style="text-align: center; font-weight: bold;">(Amendment No. __)</div>
      <div><br>
      </div>
      <div style="margin-bottom: 6pt;">Filed by the Registrant&#160; [X]</div>
      <div style="margin-bottom: 6pt;">Filed by a Party other than the Registrant&#160; [&#160;&#160; ]</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z21f532d9fd5b47ca8990494d9aa84869">

          <tr>
            <td colspan="2" rowspan="1" style="width: 5%; vertical-align: top;">Check the appropriate box:</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="margin: 6pt 0px 0px;">[&#160;&#160; ]</div>
            </td>
            <td style="width: 95%; vertical-align: top;">
              <div style="margin: 6pt 0px 0px;">Preliminary Proxy Statement</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="margin: 6pt 0px 0px;">[&#160;&#160; ]</div>
            </td>
            <td style="width: 95%; vertical-align: top;">
              <div style="margin: 6pt 0px 0px;">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="margin: 6pt 0px 0px;">[&#160;&#160; ]</div>
            </td>
            <td style="width: 95%; vertical-align: top;">
              <div style="margin: 6pt 0px 0px;">Definitive Proxy Statement</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="margin: 6pt 0px 0px;">[X]</div>
            </td>
            <td style="width: 95%; vertical-align: top;">
              <div style="margin: 6pt 0px 0px;">Definitive Additional Materials</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div style="margin: 6pt 0px 0px;">[&#160;&#160; ]</div>
            </td>
            <td style="width: 95%; vertical-align: top;">
              <div style="margin: 6pt 0px 0px;">Soliciting Material Pursuant to Sec. 240.14a-12</div>
            </td>
          </tr>

      </table>
      <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;"> <br>
      </div>
      <div style="margin: 0px 0px 0px; font-weight: bold; text-align: center;"><font style="font-size: 11pt;">Templeton Global Income Fund</font>
        <hr noshade="noshade" align="center" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 2px auto; height: 1px; width: 75%; color: #000000;"></div>
      <div style="margin: 0px 0px 0px; text-align: center;">(Name of Registrant as Specified In Its Charter)</div>
      <div style="margin: 0px 0px 0px; text-align: center;"> <br>
      </div>
      <div>
        <div style="margin: 0px 0px 0px; text-align: center;">
          <hr noshade="noshade" align="center" style="height: 1px; width: 75%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
        <div style="text-align: center; margin-bottom: 12pt;">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</div>
        <div><br>
        </div>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z0896620141aa422d86b1fd89fcc3fac1">

          <tr>
            <td colspan="3" style="vertical-align: top;">
              <div>Payment of Filing Fee&#160; (Check the appropriate box):</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" colspan="3" style="vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div>[X]</div>
            </td>
            <td colspan="2" style="vertical-align: top;">
              <div>No fee required.</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div>[&#160;&#160; ]</div>
            </td>
            <td colspan="2" style="vertical-align: top;">
              <div style="margin: 0px 0px 6pt;">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(1)</div>
            </td>
            <td style="width: 91%; vertical-align: top;">
              <div>Title of each class of securities to which transaction applies:</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 91%; vertical-align: top;">
              <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 18pt auto 6pt 0px; height: 1px; width: 40%; color: #000000;"></td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 91%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(2)</div>
            </td>
            <td style="width: 91%; vertical-align: top;">
              <div>Aggregate number of securities to which transaction applies:</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 91%; vertical-align: top;">
              <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 18pt auto 6pt 0px; height: 1px; width: 40%; color: #000000;"></td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 91%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>(3)</div>
            </td>
            <td style="width: 91%; vertical-align: top;">
              <div>Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 91%; vertical-align: top;">
              <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 12pt auto 6pt 0px; height: 1px; width: 40%; color: #000000;"></td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 91%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">(4)</td>
            <td style="width: 91%; vertical-align: top;">
              <div>Proposed maximum aggregate value of transaction:</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 91%; vertical-align: top;">
              <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 18pt auto 6pt 0px; height: 1px; width: 40%; color: #000000;"></td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 91%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">(5)</td>
            <td style="width: 91%; vertical-align: top;">
              <div>Total fee paid:</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 91%; vertical-align: top;">
              <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 18pt auto 6pt 0px; height: 1px; width: 40%; color: #000000;"></td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 91%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div>[&#160;&#160; ]</div>
            </td>
            <td colspan="2" style="vertical-align: top;">
              <div>Fee paid previously with preliminary proxy materials.</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div>[&#160;&#160; ]</div>
            </td>
            <td colspan="2" style="vertical-align: top;">
              <div>Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously.&#160; Identify the previous filing by registration statement number, or the Form
                or Schedule and the date of its filing.</div>
            </td>
          </tr>

      </table>
      <div style="text-indent: 36pt; margin-bottom: 6pt;"> <br>
      </div>
      <div style="text-indent: 36pt; margin-bottom: 6pt;">(1)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>Amount Previously Paid:</div>
      <div style="margin: 0px 0px 12pt; text-indent: 72pt;">____________________________________________________________</div>
      <div style="text-indent: 36pt; margin-bottom: 6pt;">(2)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>Form, Schedule or Registration Statement No.:</div>
      <div style="margin: 0px 0px 12pt; text-indent: 72pt;">____________________________________________________________</div>
      <div style="text-indent: 36pt; margin-bottom: 6pt;">(3)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>Filing Party:</div>
      <div style="margin: 0px 0px 12pt; text-indent: 72pt;">____________________________________________________________</div>
      <div style="text-indent: 36pt; margin-bottom: 6pt;">(4)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>Date Filed:</div>
      <div style="text-indent: 72pt; margin-bottom: 6pt;">____________________________________________________________</div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
  </div>
  <div>
    <div style="text-align: center; margin-bottom: 6pt; font-size: 12pt;">[TEMPLETON GLOBAL INCOME FUND LETTERHEAD]</div>
    <div style="text-align: center; margin-bottom: 6pt; font-size: 12pt; font-weight: bold;">IMPORTANT INFORMATION ABOUT YOUR FUND</div>
    <div style="text-align: center; margin-bottom: 6pt; font-size: 12pt;">April 1, 2022</div>
    <div style="margin-bottom: 6pt; font-size: 12pt;">Dear Shareholder:</div>
    <div style="margin-bottom: 6pt; font-size: 12pt;">I am writing with important information for shareholders of Templeton Global Income Fund (the &#8220;Fund&#8221;).&#160; In the next few weeks, you will
      receive your Fund&#8217;s proxy statement and <font style="font-weight: bold;"><u>WHITE</u></font> proxy card for the Fund&#8217;s 2022 Annual Shareholders&#8217; Meeting.&#160; I urge you to review the
      proposals in your Fund&#8217;s proxy statement and to promptly vote your shares by following the instructions on the Fund&#8217;s <font style="font-weight: bold;"><u>WHITE</u></font> proxy card.</div>
    <div style="margin-bottom: 6pt; font-size: 12pt; font-weight: bold;">Your Fund is Under Attack by Saba</div>
    <div style="margin-bottom: 6pt; font-size: 12pt; font-style: italic;">Please discard any GOLD proxy cards that you receive from Saba Capital Management, L.P. (&#8220;Saba&#8221;), even to withhold
      votes from Saba&#8217;s nominees or to vote against Saba&#8217;s proposal.&#160; In addition, please do not give your vote over the phone to Saba&#8217;s proxy solicitor, InvestorCom.</div>
    <div style="margin-bottom: 6pt; font-size: 12pt;">I also want to warn you that Saba, an activist hedge fund manager, has filed a competing proxy statement.&#160; Saba wants to:</div>
    <table cellspacing="0" cellpadding="0" id="z4fa63688de1e46d68d70bbbf60320586" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt;">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; font-size: 12pt;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-size: 12pt;">Fire the Fund&#8217;s investment manager, Franklin Advisers, Inc. ( &#8220;Franklin&#8221;), by terminating the Fund&#8217;s investment management agreement (the &#8220;Agreement&#8221;), which would be
              detrimental to Fund shareholders by leaving Fund shareholders without an experienced and proven investment manager to manage your assets; and</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="zc6df83136b284723997f72af5f2eb1c8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt;">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; font-size: 12pt;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-size: 12pt;">Elect four handpicked dissident nominees who, if elected, would form a majority of your Fund&#8217;s Board together with the Saba nominees elected last year, and will likely
              replace Franklin with Saba as the new investment manager, even though <font style="font-weight: bold;">Saba does not appear to have any significant relevant experience managing
                global bond funds</font>.</div>
          </td>
        </tr>

    </table>
    <div style="margin-bottom: 6pt; font-size: 12pt;">Your Fund, by contrast:</div>
    <table cellspacing="0" cellpadding="0" id="zdbe9be0fd97d4b4dae9d94f4c7a592e2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt;">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; font-size: 12pt;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-size: 12pt;">Has nominated four well-qualified incumbent Trustees, who have overseen the Fund&#8217;s mandate for high current income and its improved performance, while approving actions
              to reduce the Fund&#8217;s discount to net asset value and provide liquidity to investors.</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="zf041ad9929b54922a7c77748787c702f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt;">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; font-size: 12pt;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-size: 12pt;">Has historically had strong performance as a result of Franklin&#8217;s many decades of expertise in managing global bond portfolios.</div>
          </td>
        </tr>

    </table>
    <div style="margin-bottom: 6pt; font-size: 12pt; font-weight: bold;">For these reasons, when you receive your Fund proxy materials, please promptly vote your shares by following the
      instructions on the Fund&#8217;s <u>WHITE</u> proxy card.</div>
    <div style="margin-bottom: 6pt; font-size: 12pt; font-style: italic;">Please Help Your Fund by Returning Only the <font style="font-weight: bold;"><u>WHITE</u></font> Proxy Card That You Receive</div>
    <div style="margin-bottom: 6pt; font-size: 12pt;">If you owned shares of the Fund on the record date, April 1, 2022, you should receive the Fund&#8217;s proxy materials and the <font style="font-weight: bold;"><u>WHITE</u></font> proxy card in April.&#160; Your Fund has retained AST Fund Solutions (&#8220;AST&#8221;) as its proxy solicitor.&#160; If representatives of AST call you, they
      will clearly identify themselves as the Fund&#8217;s proxy solicitor.</div>
    <div style="margin-bottom: 6pt; font-size: 12pt;"><font style="font-style: italic;">Again, Please Do Not Return Any of Saba&#8217;s
      </font>GOLD <font style="font-style: italic;">Proxy Cards That You May Receive or Give Your Vote to Saba&#8217;s Proxy Solicitor, InvestorCom, over the Phone</font></div>
    <div style="font-size: 12pt;">Thank you for your continued loyalty and support.</div>
  </div>
  <br>
  <br>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zb0b45f0046804ec4865f3cc5a6ae0bfe">

      <tr>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;">
          <div style="font-size: 12pt;">Sincerely,</div>
        </td>
      </tr>
      <tr>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;">
          <div style="font-size: 12pt;"> <br>
          </div>
          <div style="font-size: 12pt;"> <u>/s/Rupert H. Johnson, Jr.</u></div>
          <div style="font-size: 12pt;">Rupert H. Johnson, Jr.</div>
          <div style="font-size: 12pt;">Chairman of the Board</div>
        </td>
      </tr>

  </table>
  <div style="margin-bottom: 6pt;"><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
  </div>
  <br>
  <div style="margin-bottom: 6pt; font-size: 12pt; font-weight: bold;">ADDITIONAL INFORMATION:</div>
  <div style="margin-bottom: 6pt; font-size: 12pt;">The Fund intends to file its definitive proxy statement (the &#8220;2022 Proxy Statement&#8221;) for the 2022 Annual Shareholders&#8217; Meeting (the &#8220;Annual
    Meeting&#8221;), together with its <font style="font-weight: bold;"><u>WHITE</u>&#160;</font>proxy
    card<font style="font-weight: bold;">,</font> with the U.S. Securities and Exchange Commission (SEC), and to begin mailing its proxy statement to shareholders in April, 2022.&#160; The Fund&#8217;s <font style="font-weight: bold;"><u>WHITE</u>&#160;</font>proxy card<font style="font-weight: bold;">&#160;</font>can be used to elect the Fund&#8217;s four Trustee nominees and to vote on the proposal expected to be presented at the Annual Meeting. BEFORE MAKING ANY VOTING DECISION,
    SHAREHOLDERS ARE URGED TO READ THE NOTICE OF ANNUAL MEETING AND 2022 PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THE FUND FILES WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE,
    BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE FUND AND THE UPCOMING ANNUAL MEETING.</div>
  <div style="margin-bottom: 6pt; font-size: 12pt;">Shareholders can obtain, free of charge, additional copies of the notice of Annual Meeting and 2022 Proxy Statement, including the <font style="font-weight: bold;"><u>WHITE</u>&#160;</font>proxy card, any amendments or
    supplements thereto and any other documents filed by the Fund with the SEC, when they become available, by (i) at the SEC&#8217;s website (http://www.sec.gov), (ii) writing the Fund at 300 S.E. 2nd Street, Fort Lauderdale, Florida 33301-1923, Attn: Fund
    Secretary, (iii) calling AST, the Fund&#8217;s proxy solicitor, at (866) 796-1291 on any business day or (iv) visiting the Fund&#8217;s Website at&#160; <u>https://vote.proxyonline.com/franklin/docs/gim2022.pdf</u>.&#160;
    Additional copies of the proxy materials will be delivered promptly upon request.</div>
  <div style="margin-bottom: 6pt; font-size: 12pt; font-weight: bold;">CERTAIN INFORMATION REGARDING PARTICIPANTS</div>
  <div style="margin-bottom: 6pt; font-size: 12pt;">The Fund, its directors and certain regular employees and officers of the Fund's investment manager, administrator, or any of their
    affiliates may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Annual Meeting. Additional information regarding the identity of these potential participants, none of whom owns in excess of one
    percent (1%) of the Fund&#8217;s shares, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the 2022 Proxy Statement and other materials to be filed with the SEC in connection with the Annual Meeting. Information
    relating to the foregoing can also be found in the Fund&#8217;s Certified Shareholder Report on Form N-CSR for the fiscal year ended December 31, 2021, filed with the SEC on February 28, 2022 (the &#8220;2022 N-CSR&#8221;). To the extent holdings of the Fund&#8217;s
    securities by such potential participants (or the identity of such participants) have changed since the information printed in the 2022 N-CSR, such information has been or will be reflected on Statements of Ownership and Change in Ownership on Forms 3
    and 4 filed with the SEC.</div>
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