<SEC-DOCUMENT>0001137439-23-000152.txt : 20230214
<SEC-HEADER>0001137439-23-000152.hdr.sgml : 20230214
<ACCEPTANCE-DATETIME>20230214115628
ACCESSION NUMBER:		0001137439-23-000152
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230213
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20230214
DATE AS OF CHANGE:		20230214

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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05459
		FILM NUMBER:		23625114

	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>8-K
<SEQUENCE>1
<FILENAME>tgif8k022023.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-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
  <div style="text-align: center; margin-top: 12pt; font-size: 14pt; font-weight: bold;">FORM 8-K</div>
  <div style="text-align: center; margin-top: 18pt; font-size: 12pt; font-weight: bold;">CURRENT REPORT</div>
  <div style="text-align: center; margin-top: 12pt; font-size: 12pt; font-weight: bold;">Pursuant to Section 13 or 15(d) of the</div>
  <div style="text-align: center; font-size: 12pt; font-weight: bold;">Securities Exchange Act of 1934</div>
  <div style="text-align: center; margin-top: 12pt; font-weight: bold;">Date of report (Date of earliest event reported): February 13, 2023</div>
  <div style="text-align: center; margin-top: 24pt; font-size: 14pt; font-weight: bold;">Templeton Global Income Fund</div>
  <div style="text-align: center;">(Exact name of Registrant as Specified in Its Charter)</div>
  <div style="font-size: 24pt;">&#160;</div>
  <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="z867e877a2dd943738cee0ae68b82c0c5">

      <tr>
        <td style="width: 35%; vertical-align: middle;">&#160;</td>
        <td style="width: 1%; vertical-align: bottom;">&#160;</td>
        <td style="width: 32%; vertical-align: middle;">&#160;</td>
        <td style="width: 1%; vertical-align: bottom;">&#160;</td>
        <td style="width: 31%; vertical-align: middle;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 35%; vertical-align: bottom;">
          <div style="text-align: center; font-weight: bold;">Delaware</div>
        </td>
        <td style="width: 1%; vertical-align: bottom;">&#160;</td>
        <td style="width: 32%; vertical-align: bottom;">
          <div style="text-align: center; font-weight: bold;">811-05459</div>
        </td>
        <td style="width: 1%; vertical-align: bottom;">&#160;</td>
        <td style="width: 31%; vertical-align: bottom;">
          <div style="text-align: center; font-weight: bold;">22-2864496</div>
        </td>
      </tr>
      <tr>
        <td style="width: 35%; vertical-align: top;">
          <div style="text-align: center; text-indent: -10pt; margin-left: 10pt;">(State or Other Jurisdiction</div>
          <div style="text-align: center; text-indent: -10pt; margin-left: 10pt;">of Incorporation)</div>
        </td>
        <td style="width: 1%; vertical-align: bottom;">&#160;</td>
        <td style="width: 32%; vertical-align: bottom;">
          <div style="text-align: center;">(Commission</div>
          <div style="text-align: center;">File Number)</div>
        </td>
        <td style="width: 1%; vertical-align: bottom;">&#160;</td>
        <td style="width: 31%; vertical-align: bottom;">
          <div style="text-align: center;">(IRS Employer</div>
          <div style="text-align: center;">Identification No.)</div>
        </td>
      </tr>

  </table>
  <div><br>
  </div>
  <div style="text-align: center; font-weight: bold;">300 S.E. 2nd Street</div>
  <div style="text-align: center; font-weight: bold;">Fort Lauderdale, Florida 33301-1923</div>
  <div style="text-align: center;">(Address of Principal Executive Offices)(Zip Code)</div>
  <div style="text-align: center; margin-top: 12pt;">Registrant&#8217;s telephone number, including area code: <font style="font-weight: bold;">(954) 527-7500</font></div>
  <div style="text-align: center; margin-top: 12pt;">(Former Name or Former Address, if Changed Since Last Report)</div>
  <div style="margin-top: 18pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
  <div style="font-size: 12pt;">&#160;</div>
  <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="za1fbffe43dab440eafb28ff70fb7b399">

      <tr>
        <td style="width: 4.23%; vertical-align: top;">
          <div>&#9744;</div>
        </td>
        <td style="width: 95.77%; vertical-align: top;">
          <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
        </td>
      </tr>

  </table>
  <div style="font-size: 12pt;">&#160;</div>
  <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="z1bd469a5d7334f87afddd62d536e7d59">

      <tr>
        <td style="width: 4.23%; vertical-align: top;">
          <div>&#9744;</div>
        </td>
        <td style="width: 95.77%; vertical-align: top;">
          <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
        </td>
      </tr>

  </table>
  <div style="font-size: 12pt;">&#160;</div>
  <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="zd2ac2c1f6c8e46bfbb9532e581842087">

      <tr>
        <td style="width: 4.23%; vertical-align: top;">
          <div>&#9744;</div>
        </td>
        <td style="width: 95.77%; vertical-align: top;">
          <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
        </td>
      </tr>

  </table>
  <div style="font-size: 12pt;">&#160;</div>
  <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="zd3326a528e4d4436bd431764081e0d85">

      <tr>
        <td style="width: 4.23%; vertical-align: top;">
          <div>&#9744;</div>
        </td>
        <td style="width: 95.77%; vertical-align: top;">
          <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
        </td>
      </tr>

  </table>
  <div style="margin-top: 12pt; margin-bottom: 12pt;">Securities registered pursuant to Section 12(b) of the Act:</div>
  <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="z129b5eeefdab4bee80c97b226ea407da">

      <tr>
        <td style="width: 33.33%; vertical-align: top;">
          <div style="text-align: center;"><u>Title of each class</u></div>
        </td>
        <td style="width: 33.33%; vertical-align: top;">
          <div style="text-align: center;"><u>Trading symbol(s)</u></div>
        </td>
        <td style="width: 33.33%; vertical-align: top;">
          <div style="text-align: center;"><u>Name of each exchange on which registered</u></div>
        </td>
      </tr>
      <tr>
        <td style="width: 33.33%; vertical-align: top;">
          <div style="text-align: center;">Common Shares, without par value</div>
        </td>
        <td style="width: 33.33%; vertical-align: top;">
          <div style="text-align: center;">GIM</div>
        </td>
        <td style="width: 33.33%; vertical-align: top;">
          <div style="text-align: center;">New York Stock Exchange</div>
        </td>
      </tr>

  </table>
  <div style="margin-top: 12pt; margin-bottom: 12pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act
    of 1934 (&#167;240.12b-2 of this chapter).</div>
  <div style="margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#8226;</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" class="TRGRRTFtoHTMLTab">&#160;</font>Emerging growth
    company [&#160; ]</div>
  <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
    Act. [&#160;&#160;]</div>
  <div><br>
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  </div>
  <div><br>
  </div>
  <div style="font-size: 12pt; font-weight: bold;">Item 8.01 Other Events.</div>
  <div><br>
  </div>
  <div style="font-size: 12pt;">On February 13, 2023, Templeton Global Income Fund (NYSE: GIM) (the &#8220;Fund&#8221;) announced that it has withdrawn the pending litigation to prevent the certification of the results of the Fund&#8217;s 2022 Annual Meeting of
    Shareholders&#160; held on June 6, 2022 and, as such, the results will be certified and Saba Capital Management, L.P.&#8217;s nominees will be seated as trustees of the Fund.</div>
  <div><br>
  </div>
  <div style="font-size: 12pt; font-weight: bold;">Item 9.01 Financial Statements and Exhibits.</div>
  <div><br>
  </div>
  <div style="font-size: 12pt;">(d) Exhibits.</div>
  <div><br>
  </div>
  <div style="font-size: 12pt;">The exhibits listed on the Exhibit Index are incorporated herein by reference.</div>
  <div><br>
  </div>
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        <td style="width: 15.11%; vertical-align: bottom; border-bottom: 1px solid black;">
          <div style="font-size: 12pt;">Exhibit Number</div>
        </td>
        <td style="width: 84.89%; vertical-align: bottom; border-bottom: 1px solid black;">
          <div style="font-size: 12pt;">Description</div>
        </td>
      </tr>
      <tr>
        <td style="width: 15.11%; vertical-align: top;">
          <div>99.1&#160;</div>
        </td>
        <td style="width: 84.89%; vertical-align: top;">
          <div style="font-size: 12pt;"><a href="ex99.htm">Press Release dated February 13, 2023 - Templeton Global Income Fund Announces Withdrawal of Pending Litigation to
              Prevent the Certification of the Fund&#8217;s 2022 Annual Meeting of Shareholders</a></div>
        </td>
      </tr>

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  </div>
  <div style="text-align: center; font-size: 12pt; font-weight: bold;">SIGNATURES</div>
  <div><br>
  </div>
  <div style="font-size: 12pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
  <div><br>
  </div>
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        <td style="width: 50%; vertical-align: top;">
          <div style="font-size: 12pt;">Date: February 14, 2023</div>
        </td>
        <td style="width: 50%; vertical-align: top;">
          <div style="font-size: 12pt;">Templeton Global Income Fund</div>
        </td>
      </tr>
      <tr>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 50%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;">
          <div style="font-size: 12pt;"><u>/s/ Lori A. Weber</u></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;">Lori A. Weber</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;">Vice President and Secretary</div>
        </td>
      </tr>

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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99.htm
<TEXT>
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  <div style="text-align: right;">EX.99.1<br>
  </div>
  <div style="text-align: right;"> <br>
  </div>
  <div style="text-align: right;">
    <div style="text-align: center; font-weight: bold;">Templeton Global Income Fund Announces Withdrawal of Pending</div>
    <div style="text-align: center; font-weight: bold;">Litigation to Prevent the Certification of the Fund&#8217;s 2022 Annual </div>
    <div style="text-align: center; font-weight: bold;">Meeting of Shareholders</div>
    <div><br>
    </div>
    <div style="text-align: left;">February 13, 2023 05:05 PM Eastern Standard Time</div>
    <div><br>
    </div>
    <div style="text-align: left;">FORT LAUDERDALE, Fla.--(<u>BUSINESS WIRE</u>)--Templeton Global Income Fund (NYSE: GIM) (the &#8220;Fund&#8221;) today announced that it has withdrawn the pending litigation to prevent the certification of the results of the Fund&#8217;s
      2022 Annual Meeting of Shareholders (the &#8220;2022 Annual Meeting&#8221;) held on June 6, 2022 and, as such, the results will be certified and Saba Capital Management, L.P. (&#8220;Saba&#8221;)&#8217;s nominees will be seated as trustees of the Fund.</div>
    <div><br>
    </div>
    <div style="text-align: left;">In the best interests of shareholders, the Fund has taken action to discontinue the litigation, considering the length of time that has already elapsed and the additional time expected to be needed to finally resolve the
      litigation, during which shareholders remain subject to significant ongoing costs and continued uncertainty as to the Fund&#8217;s future.</div>
    <div><br>
    </div>
    <div style="text-align: left;">The Fund also announced that the three remaining non-Saba nominated independent trustees have tendered their resignations to be effective immediately upon certification of the 2022 Annual Meeting results, and they will no
      longer serve on the Fund&#8217;s Board.</div>
    <div><br>
    </div>
    <div style="text-align: left;">The Fund is deeply disappointed in the length of time that has elapsed without a final resolution of the litigation, as well as its outcome. The Fund continues to strongly believe that the solicitation practice employed
      by Saba&#8212;of purchasing shares from select shareholders significantly above market value to ensure winning the vote&#8212;disenfranchises the thousands of individual investors who owned shares in the Fund and were not made the same offer and, further, that
      soliciting those shareholders without full disclosure of such purchases fundamentally altered the proxy solicitation process in what was a contested election.</div>
    <div><br>
    </div>
    <div style="text-align: left;">Based on the preliminary results of the 2022 Annual Meeting, over 90% of the voted shares&#8212;other than those owned by Saba or those that it privately agreed to purchase in the days immediately prior to the 2022 Annual
      Meeting to secure votes in Saba&#8217;s favor&#8212;were voted in favor of the Fund&#8217;s nominees. Less than 10% of the Fund's outstanding shares (other than Saba&#8217;s shares or the privately purchased shares) voted for Saba and its nominees. In addition to the
      overwhelming support received by the Fund&#8217;s non-Saba related shareholders, all three leading independent proxy advisory firms&#8212;Institutional Shareholder Services Inc., Glass, Lewis &amp; Co. and Egan-Jones Proxy Services&#8212;recommended that shareholders
      vote with the Fund&#8217;s recommendations FOR all of the Fund&#8217;s nominees in connection with the 2022 Annual Meeting, and AGAINST Saba&#8217;s shareholder proposal to terminate the Fund&#8217;s Investment Management Agreement.</div>
    <div><br>
    </div>
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    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="text-align: left;">The Fund is proud of its consistent ability to meet its stated fund objectives while also regularly distributing dividends to its shareholders, many of whom invested in the Fund for this precise reason and continued to
      remain shareholders even when offered the opportunity to tender their shares at a price near NAV. Considering the lack of support for Saba from the broader shareholder base and leading independent proxy advisory firms, the Fund believes that
      investors should be offered another opportunity for a liquidity event at or close to NAV.</div>
    <div><br>
    </div>
    <div style="text-align: left;"><u>Background Information &amp; Reason for Today&#8217;s Action</u></div>
    <div><br>
    </div>
    <div style="text-align: left;">Shortly after the 2022 Annual Meeting, the Fund and a Fund shareholder filed a complaint and temporary restraining order request in the United States District Court in the Southern District of New York (the &#8220;District
      Court&#8221;), seeking to prevent certification of the results of the 2022 Annual Meeting. Recently, the District Court denied the Fund&#8217;s requests, enabling the vote certification to proceed and Saba&#8217;s nominees to be seated. On February 1, 2023, the U.S.
      Court of Appeals for the Second Circuit granted the Fund&#8217;s motion for an emergency administrative stay of the District Court&#8217;s orders pending further appeal, which to date has now been withdrawn.</div>
    <div><br>
    </div>
    <div style="text-align: left;">Upon certification of the 2022 Annual Meeting results, Saba&#8217;s nominees will control the Fund&#8217;s Board and will have the ability to make material changes to the Fund, including to its investment strategy and the investment
      manager. Saba also has expressed its intention to nominate three additional trustees to replace the three non-Saba nominated Fund independent trustees. Investors should carefully consider any changes made to the Fund to ensure the Fund continues to
      align with their investment goals and risk profile.</div>
    <div><br>
    </div>
    <div style="text-align: left; font-weight: bold;">The Fund thanks shareholders for their continued support throughout this lengthy process. The Fund&#8217;s management and its Board have always taken their fiduciary obligations seriously and remain steadfast
      in doing what is right for all investors.</div>
    <font style="font-weight: bold;"> </font>
    <div><font style="font-weight: bold;"><br>
      </font> </div>
    <font style="font-weight: bold;"> </font>
    <div style="text-align: center; font-weight: bold;">For further information on Templeton Global Income Fund, please visit our web site at:</div>
    <div style="text-align: center;"><font style="font-weight: bold;"><u>www.franklintempleton.com</u></font></div>
    <div><br>
    </div>
    <div style="text-align: left;">Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton&#8217;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 offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 75 years of investment experience and approximately $1.4 trillion in assets
      under management as of January 31, 2023. For more information, please visit franklintempleton.com.</div>
    <div><br>
    </div>
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    </div>
    <div style="margin-bottom: 8pt;"><br>
    </div>
    <div style="text-align: left;">For more information, please contact Franklin Templeton at (800) 342-5236. Media inquiries should be directed to Prosek Partners, Attention: Brian Schaffer at <u>bschaffer@prosek.com</u> or 1-800-342-5236.</div>
    <div><br>
    </div>
    <div style="text-align: left;">Contacts</div>
    <div style="text-align: left;">Franklin Templeton, (800) 342-5236</div>
    <div><br>
    </div>
    <div style="text-align: left;">Media inquiries</div>
    <div style="text-align: left;">Prosek Partners</div>
    <div style="text-align: left;">Brian Schaffer, 1-800-342-5236</div>
    <div style="text-align: left;"><u>bschaffer@prosek.com</u></div>
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