Templeton Global Income Fund Announces Board Appointments
May 11, 2021 at 04:05 pm
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Saba Capital Management, L.P. and certain associated parties announced that shareholders of Templeton Global Income Fund have elected all of Saba’s nominees Aditya Bindal, Frederic Gabriel, Paul Kazarian, and Pierre Weinstein – to the Fund’s Board of Trustees thereby replacing all four incumbent Trustees standing for re-election at the Fund’s 2021 Annual Meeting of Shareholders. These results have been certified by the independent Inspector of Election for the Annual Meeting.
Saba Capital Income & Opportunities Fund II (the Fund), formerly Templeton Global Income Fund, is a closed-end management investment company. The Fund seeks to provide investors with a high level of current income, with a secondary goal of capital appreciation. The Fund invests globally in debt and equity securities of public and private companies, which includes, among other things, investments in closed-end funds, special purpose acquisition companies (SPACs), reinsurance, and public and private debt instruments. The Fund also may utilize derivatives, including total return swaps, credit default swaps, options and futures, in seeking to enhance returns and/or to reduce portfolio risk. The Fund may also invest up to 15% of its total assets in private funds on a discretionary basis. The Fundâs manager is Saba Capital Management, LP.