<SEC-DOCUMENT>0000828803-22-000012.txt : 20220711
<SEC-HEADER>0000828803-22-000012.hdr.sgml : 20220711
<ACCEPTANCE-DATETIME>20220413161536
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000828803-22-000012
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220413

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:		CORRESP

	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>CORRESP
<SEQUENCE>1
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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;text-align:center;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">April 12, 2022</font></p>

<p style="margin:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></b></p>

<p style="margin:0in;"><b><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Filed via EDGAR </font></u></b></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Ms. Karen L. Rossotto, Esq.</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Senior Counsel</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">U.S. Securities and Exchange
Commission</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Division of Investment
Management</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">100 F Street, N.E.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Washington,
D.C.&#160; 20549</font></p>

<p style="margin:0in;margin-bottom:12.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-left:1.25in;text-indent:-.75in;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Subject:&#160;&#160;&#160;&#160; Preliminary Proxy Statement for Templeton
Global Income Fund (the &#8220;Fund&#8221;) (File No. 811-05459)</font></b></p>

<p style="margin:0in;margin-left:1.25in;text-indent:-.75in;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:12.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Dear
Ms. Rossotto:</font></p>

<p style="margin:0in;text-indent:.5in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">On behalf of Templeton Global Income Fund (the &#8220;Fund&#8221;), submitted
herewith under the EDGAR system, are the Fund&#8217;s responses to the comments of
the staff (the &#8220;Staff&#8221;) of the U.S. Securities and Exchange Commission (the
&#8220;SEC&#8221;) that you communicated to me on April 11, 2022 with regard to the Fund&#8217;s
Preliminary Proxy Statement (the &#8220;Proxy Statement&#8221;).&nbsp; The Proxy Statement
was filed with the SEC on April 1, 2022. The Proxy Statement relates to the
Annual Meeting of Shareholders of the Fund which is scheduled to be held on
June 6, 2022.</font></p>

<p style="margin:0in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;text-indent:.5in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Each comment from the Staff is summarized below, followed by the
Fund&#8217;s response to the comment.&nbsp; Terms not defined herein shall have the
meaning set forth for that term in the Proxy Statement.</font></p>

<p style="margin:0in;text-indent:.5in;"><font color=black face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Comment</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">:</font><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> When you complete your filing, please ensure the
filing tagging reflects the contested nature of the election.</font></i></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Response</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: The proxy statement will be filed using the EDGAR
tag &#8220;DEFC14A.&#8221;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">2.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Comment</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">:</font><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> In the first bold paragraph, where you state
&#8220;SABA ALSO ANNOUNCED ITS INTENTION TO PRESENT A PROPOSAL TO FIRE THE FUND&#8217;S
MANAGER AT THE MEETING, WHICH MAY LEAD TO SABA NAMING ITSELF AS THE MANAGER,
ADDING TO SABA&#8217;S GROWING LIST OF CONFLICTS,&#8221; please add &#8220;WE BELIEVE before &#8220;MAY
LEAD&#8230;&#8221;&#160; Please supplementally explain why you believe this is the case.</font></i></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Response</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: This change will be made to the proxy statement.&#160;
Our basis for believing that Saba is attempting to fire Franklin as investment
manager is self-evident from their proposal.&#160; As stated in footnote 1 to the
Fund&#8217;s Opposition Statement included in Proposal 3, &#8220;Effective after the close
of business on June 4, 2021, the Voya Prime Rate Trust, previously managed by
Voya Financial, became the Saba Capital Income &amp; Opportunities Fund, and
Saba Capital Management, L.P. became the fund&#8217;s new investment manager.&#8221;&#160; Based
on these recent actions, we believe that Saba is pursuing the same goal of
taking over as investment manager of the Fund.&#160; This presents a conflict of
interest for Saba and the Saba trustees, both with the Fund (to whom the Saba
trustees owe a fiduciary duty) and with Saba&#8217;s own investment advisory clients
(to whom Saba also owes </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">a fiduciary duty).&#160; We believe that
Saba&#8217;s failure to so state is both a breach of fiduciary duty as well as a
material omission in their proxy materials.</font></p>
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<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">3.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Comment</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">:</font><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> Further down where you state &#8220;FAILURE TO VOTE
HELPS SABA AND COULD RESULT IN YOU LOSING YOUR INVESTMENT VEHICLE,&#8221; please add
&#8220;WE BELIEVE&#8221; before &#8220;COULD RESULT,&#8221; as the original statement is overly
speculative and inflammatory.&#160; Please supplementally explain your basis for
this belief.&#160; </font></i></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Response</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: We will revise this clause to state &#8220;</font><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">FAILURE TO
VOTE HELPS SABA AND COULD RESULT IN YOU LOSING YOUR INVESTMENT MANAGER WITH
DECADES OF EXPERIENCE MANAGING GLOBAL BOND FUNDS.</font></i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;&#160; Given Saba&#8217;s proposal
to terminate the advisory agreement, we believe this statement is factually
correct on its face, and therefore neither speculative nor inflammatory. </font></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">4.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Comment</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">:</font><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> Under the section &#8220;How do the Fund&#8217;s Trustees
recommend that I vote,&#8221; please supplementally explain whether the Saba trustees
are considered disinterested. </font></i></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Response</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: Without conceding any legal arguments the Fund may
have to the contrary, the Fund has treated the Saba trustees as if they were
independent for purposes of the Delaware Statutory Trust Act and the Investment
Company Act of 1940.&#160; We note that this issue has been the subject of previous
discussions between the Staff of the Division of Investment Management of the
SEC and fund counsel, without resolution.</font></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">5.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Comment:</font></u><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> Under the section &#8220;Why do the Fund&#8217;s Trustees
recommend that I vote against the Saba shareholder proposal (Proposal 3),&#8221;
where you state &#8220;by leaving the Fund without an experienced and proven
investment manager to manage its assets,&#8221; please insert &#8220;potentially&#8221; before
&#8220;leaving the Fund.&#8221;</font></i></p>

<p style="margin-bottom:12.0pt;margin-left:40.8pt;margin-right:0in;margin-top:0in;text-indent:-4.8pt;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Response</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: This change will be made to the Proxy Statement.</font></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">6.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Comment</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">:</font><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> In the discussion of the Special Committee please
name the Special Committee members. </font></i></p>

<p style="margin-bottom:12.0pt;margin-left:40.8pt;margin-right:0in;margin-top:0in;text-indent:-4.8pt;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Response</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: This clause will be revised as follows:</font></p>

<p style="margin-bottom:12.0pt;margin-left:40.8pt;margin-right:0in;margin-top:0in;text-indent:-4.8pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8220;In
January 2022, the Board created a Special Committee of the Board comprised of Mary
C. Choksi, Edith E. Holiday, J. Michael Luttig, Larry D. Thompson and
Constantine D. Tseretopoulos, all independent Trustees who were not nominated
by Saba in connection with the 2021 Annual Meeting of Shareholders and are
independent of the Manager (the &#8220;Special Committee&#8221;) to review and consider the
Saba nominations and proposal for the Meeting.&#8221;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">7.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Comment</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">:</font><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> Where you state PROPOSAL 3: A SHAREHOLDER
PROPOSAL, please revise to be consistent with 14a-4(a)(3) and the Fund&#8217;s form
of proxy </font></i></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Response</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: The title for the discussion of proposal 3 will be
changed to:&#160; &#8220;</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">If properly presented, a
shareholder proposal to terminate the investment management agreement.</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#8221;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">8.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Comment</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">:</font><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> In the discussion of &#8220;Strong Long-Term Record&#8221;
where you refer to the JPM Global Government Bond Index (JGBI), please
supplementally confirm that the JGBI is an appropriate comparison. </font></i></p>


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<p style="margin:0in;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Response</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: The Fund is not managed to any benchmark index.&#160; The
JGBI is a broad-based index sponsored by an entity that is unaffiliated with
the investment manager and measures the aggregate performance of the same asset
class in which the Fund invests.&#160; We therefore believe the JGBI is an
appropriate index for comparison purposes.&#160; </font></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">9.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></i><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Comment</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">:</font><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> In the same section as the comment above, please
add &#8220;periods&#8221; after &#8220;three-year,&#8221; &#8220;five-year,&#8221; &#8220;seven-year,&#8221; and &#8220;ten-year,&#8221;
and clarify what the stated percentages mean.</font></i></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Response</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: We will make this change and add &#8220;of the time&#8221; after
the percentages. We will further clarify that the percentages are based on risk-adjusted
returns, as measured by Sharpe ratios.</font></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">10.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;
</font></i><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Comment</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">:</font><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> At the end of that paragraph where you state
&#8220;[m]oreover, in a volatile market environment, the Fund has continued to outperform
its peer average by 8.13%, and the JPM Global Government Bond Index by 5.70%,
year-to-date (as of 3/23/22),&#8221; please supplementally clarify what constitutes
the peer group and how it is obtained.&#160; Please also clarify that year-to-date
applies to both peers and the JGBI.</font></i></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Response</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: The peer group is comprised of the Lipper Global
Income Category including only closed-end funds (not including interval funds).
We will add &#8220;year to date&#8221; to the clause on peer group average outperformance.</font></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">11.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;
</font></i><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Comment</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: </font><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Under the section &#8220;Strong Downside Protection,&#8221;
please add a basis of comparison for the statements that the Fund achieved
&#8220;significantly lower and comparatively more stable annualized volatility than
its peers,&#8221; and that, &#8220;the Fund has historically provided strong relative
returns and meaningful downside protection during sharp escalations in global
financial market volatility.&#8221;</font></i></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Response</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: The paragraph is replaced in its entirety with the
following: </font></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:.5in;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">STRONG
DOWNSIDE PROTECTION: </font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">From a risk
management perspective, the Fund achieved meaningfully lower volatility than
many of its peers during both of the major financial shocks of the global
financial crisis of 2008 and Covid of 2020. Both the Fund&#8217;s defensive stance in
2020 and its shift back into risks exposures in 2021 were achieved with a
significantly lower and comparatively more stable annualized volatility than
its peers. Notably, the Fund provided strong relative returns and meaningful
downside protection compared to its peers during sharp escalations in global
financial market volatility accompanying the pandemic from 2020 through 2021,
specifically during periods when US equities sharply declined. The Fund&#8217;s
downside risk protection is enabled by strong collaboration with the Franklin
Templeton risk management team.</font></p>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">12.</font></i><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;
</font></i><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Comment</font></u><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: Under the section &#8220;Impact of Saba&#8217;s proposals&#8221;
please add &#8220;potentially&#8221; before &#8220;stranding Fund shareholders without an
investment manager&#8230;&#8221;</font></i></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:40.5pt;margin-right:0in;margin-top:0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Response</font></u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">: We will make this change.</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-indent:.5in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Please do not hesitate to contact the undersigned at (954)
847-2283 if you have any questions or wish to discuss any of the responses
presented above.</font></p>

<p style="margin:0in;margin-bottom:24.0pt;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:24.0pt;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Very
truly yours,</font></p>

<p style="margin:0in;margin-left:3.0in;"><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">/s/LORI
A. WEBER&#160;&#160;&#160;&#160;&#160; </font></u></p>

<p style="margin:0in;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Lori
A. Weber</font></p>

<p style="margin:0in;margin-left:3.0in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Vice
President and Secretary</font></i></p>

<p style="margin:0in;margin-left:3.0in;"><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Templeton
Global Income Fund</font></p>

<p style="margin:0in;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">300
S.E. 2<sup>nd</sup> Street </font></p>

<p style="margin:0in;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Fort
Lauderdale, Florida&nbsp;33301-1923</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Cc: &#160;&#160;&#160;&#160;&#160; Craig Tyle, General
Counsel of Franklin Templeton</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Bruce G. Leto,
Stradley Ronon, Stevens &amp; Young, LLP</font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:40.5pt;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>




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