<SEC-DOCUMENT>0000902664-23-004632.txt : 20230828
<SEC-HEADER>0000902664-23-004632.hdr.sgml : 20230828
<ACCEPTANCE-DATETIME>20230825183047
ACCESSION NUMBER:		0000902664-23-004632
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230828
DATE AS OF CHANGE:		20230825

FILER:

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

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05459
		FILM NUMBER:		231209658

	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>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">SCHEDULE 14A</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">Proxy Statement Pursuant to Section 14(a)</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">of the Securities Exchange Act of 1934</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/107% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Filed
by the Registrant </FONT> <FONT STYLE="font-family: Wingdings">&#254; </FONT></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/107% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Filed
by a Party other than the Registrant </FONT> <FONT STYLE="font-family: Wingdings">&#168; </FONT></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">Check the appropriate box:</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
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    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 93%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; line-height: 107%">Preliminary Proxy Statement</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; line-height: 107%">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; line-height: 107%">Definitive Proxy Statement</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; line-height: 107%">Definitive Additional Materials</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Wingdings">&#254;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; line-height: 107%">Soliciting Material Under Rule 14a-12</FONT></TD></TR>
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<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 18pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>TEMPLETON GLOBAL INCOME FUND</B></P>

<P STYLE="font: 11pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of Registrant as Specified In Its Charter)</P>

<P STYLE="font: 20pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of Person(s) Filing Proxy Statement, if
other than the Registrant)</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">Payment of Filing Fee (Check all boxes that apply):</P>

<P STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
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    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; line-height: 85%"><FONT STYLE="font-family: Wingdings">&#254;</FONT></TD>
    <TD STYLE="width: 93%; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; line-height: 85%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 85%">No fee required.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; line-height: 85%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; line-height: 85%">&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; line-height: 85%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 85%">Fee paid previously with preliminary materials.</FONT></TD></TR>
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<P STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
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    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; line-height: 85%"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 93%; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; line-height: 85%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 85%">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11.</FONT></TD></TR>
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<P STYLE="font: 20pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">Templeton Global Income Fund&rsquo;s
Board of Trustees Selects Saba Capital as New Investment Adviser</P>

<P STYLE="font: 11.5pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">New York, NY &ndash; August 25, 2023 &ndash;&nbsp;Templeton
Global Income Fund (NYSE: GIM) (&ldquo;GIM&rdquo; or the &ldquo;Fund&rdquo;) today announced that the Fund&rsquo;s Board of Trustees (the
&ldquo;Board&rdquo;) has selected Saba Capital Management, L.P. (&ldquo;Saba&rdquo;) to serve as the new investment adviser of the Fund
(the &ldquo;Adviser Transition&rdquo;) and to replace the Fund&rsquo;s current investment adviser, Franklin Advisers, Inc. (&ldquo;Franklin&rdquo;).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">In light of the Fund&rsquo;s underperformance compared to its peers
over various periods, the Board established a Special Committee to review options for addressing the Fund&rsquo;s performance and the
Committee ultimately decided to commence a search for and select a new investment adviser for the Fund. The Special Committee, which consisted
solely of independent trustees, conducted a request for proposal process involving several investment advisers.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">After careful evaluation, the Special Committee recommended Saba based
on the firm&rsquo;s investment capabilities and track record, including its management of the Saba Capital Income &amp; Opportunities
Fund (&ldquo;BRW&rdquo;), another publicly-traded closed-end fund that has an investment strategy similar to that proposed for GIM.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Adviser Transition is contingent upon approval
by the Fund&rsquo;s shareholders of a new investment management agreement to be entered into between the Fund and Saba that will be described
in a related proxy statement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Fund anticipates holding a special shareholder
meeting (the &ldquo;Special Meeting&rdquo;) in the early part of the fourth quarter where the new investment management agreement and
related matters will be presented for approval.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Fund also announced today that, upon the recommendation of the
Special Committee, the Board intends to consider a self-tender offer for a significant number of the Fund&rsquo;s outstanding shares to
be conducted in the near future (prior to the effective date of the Adviser Transition if approved by shareholders).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B><U>About the Fund </U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Templeton Global Income Fund (NYSE: GIM) is a publicly-traded,
closed-end fund registered under the Investment Company Act of 1940. For further information about the Fund, please visit: https://www.franklintempleton.com/investments/options/closed-end-funds/products/146/SINGLCLASS/templeton-global-income-fund-inc/GIM.
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; background-color: #FEFEFE"><B><U>About Saba Capital</U></B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0.25in; background-color: #FEFEFE"><FONT STYLE="font-size: 10pt">Saba Capital
Management, L.P. is a global alternative asset management firm that seeks to deliver superior risk-adjusted returns for a diverse group
of clients. Founded in 2009 by Boaz Weinstein, Saba is a pioneer of credit relative value strategies and capital structure arbitrage.
Saba is headquartered in New York City. Learn more at</FONT><FONT STYLE="font-size: 10.5pt; color: #444444">&nbsp;</FONT><FONT STYLE="font-size: 10.5pt">www.sabacapital.com<FONT STYLE="color: #444444">.</FONT></FONT></P>


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<P STYLE="font: 10.5pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #444444">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 11pt; background-color: #FEFEFE"><B><U>Additional Information and Where
to Find It </U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 11pt; background-color: #FEFEFE">In connection with the Adviser Transition,
the Fund intends to file relevant materials with the SEC, including a preliminary proxy statement on Schedule 14A. Promptly after filing
its definitive proxy statement with the SEC, the Fund will make available the definitive proxy statement and a proxy card to each shareholder
entitled to vote at the Special Meeting relating to the appointment of Saba as investment adviser to the Fund. INVESTORS AND SHAREHOLDERS
OF THE FUND ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION
WITH THE ADVISER TRANSITION THAT THE FUND WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THESE MATERIALS WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE FUND AND THE ADVISER TRANSITION. The definitive proxy statement, the preliminary proxy statement and other relevant
materials in connection with the Adviser Transition (when they become available), and any other documents filed by the Fund with the SEC,
may be obtained free of charge at the SEC&rsquo;s website (http://www.sec.gov), or by directing such requests to the Fund.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 11pt; background-color: #FEFEFE">There can be no assurance that the tender
offer referenced in this release will be approved and completed. If a tender offer is commenced, it will be made only pursuant to an offer
to purchase, letter of transmittal and related materials that the Fund would distribute to its shareholders and file with the SEC. If
the offer is made, shareholders and investors should read carefully the offer to purchase, letter of transmittal and related materials
because they would contain important information, including the various terms of, and conditions to, the tender offer. This press release
is for informational purposes only and does not constitute any offer to buy or the solicitation of any offer to sell shares of the Fund.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 11pt; background-color: #FEFEFE"><B><U>Participants in the Solicitation</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 11pt; background-color: #FEFEFE">The Fund and its trustees, along with
Saba, may be deemed to be participants in the solicitation of proxies from the Fund&rsquo;s shareholders with respect to the Adviser Transition.
Information about the Fund&rsquo;s trustees and their ownership of the Fund&rsquo;s shares is set forth in the proxy statements on Schedule
14A filed with the SEC on June 2, 2023, and any beneficial ownership reports on Forms 3, 4 or 5 filed subsequent thereto. Information regarding
Saba and its ownership of the Fund&rsquo;s shares is set forth in the Schedule 13D initially filed by Saba with the SEC on November 18,
2020, as amended most recently on August 18, 2023, and any beneficial ownership reports on Forms 3, 4 or 5 filed subsequent thereto. Information
regarding the identity of the potential participants, and their direct or indirect interests in the Adviser Transition, by security holdings
or otherwise, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the Adviser Transition.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 11pt; background-color: #FEFEFE"><B><U>Forward Looking Statements</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 11pt; background-color: #FEFEFE">This press release contains forward-looking
statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of
historical fact (including statements containing the words &ldquo;believes,&rdquo; &ldquo;plans,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;expects,&rdquo;
&ldquo;estimates&rdquo; and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause
actual results and conditions to differ materially from those projected in these forward-looking statements, including the ability of
Saba to implement successfully its proposed investment strategy for the Fund and whether a tender offer will be approved and completed
and the extent to which any such offer, if conducted, would be accretive or not to the Fund. These factors are identified from time to
time in our filings with the SEC. We undertake no obligation to update such statements to reflect subsequent events.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 11pt; background-color: #FEFEFE">Past performance of Saba or its strategies, or of BRW, does not guarantee
any future results for the Fund. The reference to BRW is informational only and is not intended to predict the performance of the Fund.
In addition, there can be no assurance that the Fund will achieve its investment objectives even with new management.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 11pt; background-color: #FEFEFE"><B><U>Contacts</U></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><FONT STYLE="color: #444444; background-color: #FEFEFE">Longacre
Square Partners<BR>
Greg Marose / Charlotte Kiaie, 646-386-0091<BR>
</FONT><FONT STYLE="background-color: #FEFEFE">gmarose@longacresquare.com <FONT STYLE="color: #444444">/&nbsp;</FONT>ckiaie@longacresquare.com</FONT></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0; background-color: #FEFEFE">+++&nbsp;</P>

<P STYLE="font: 11pt/85% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>



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