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Templeton Emerging Markets Income Fund ("TEI") Announces Dividend and Changes to Fiscal Year-End and Distribution Policy

FORT LAUDERDALE, FL -- (Marketwired) -- 12/01/16 -- Templeton Emerging Markets Income Fund (NYSE: TEI) today announced its quarterly dividend from net investment income of $0.20 per share, payable on December 30, 2016 to shareholders of record on December 15, 2016 (Ex-Dividend Date: December 13, 2016).

As previously referenced in the annual report to shareholders, the Fund has announced that effective December 31, 2016, the Fund's fiscal year-end will be changed to December 31st. This will result in the Fund having a fiscal year that is shorter than a full calendar year covering the transitional period between the Fund's current fiscal year end and December 31, 2016.

In addition, the Fund, which has historically sought to pay a level distribution amount from net investment income on a quarterly basis, will implement a variable pay distribution policy, effective December 31, 2016. The Fund will continue to seek to pay any distributions from net investment income on a quarterly basis. Capital gains, if any, may be paid at least annually. The Fund may distribute income dividends and capital gains more frequently, if necessary, in order to reduce or eliminate federal excise or income taxes on the Fund. The amount of any distribution will vary, and there is no guarantee the Fund will pay either income dividends or capital gain distributions.

The Fund's investment manager, Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 180 countries. Through specialized teams, the company has expertise across all asset classes -- including equity, fixed income, alternative and custom solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and approximately $723 billion in assets under management as of October 31, 2016. For more information, please visit franklintempleton.com.

For more information, please contact
Franklin Templeton Investments
1-800-342-5236

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