Nine Masts Capital Ltd Lowers stake in Templeton Global Income Fund (GIM)

Templeton Global Income Fund (GIM) : Nine Masts Capital Ltd reduced its stake in Templeton Global Income Fund by 83.97% during the most recent quarter end. The investment management company now holds a total of 36,402 shares of Templeton Global Income Fund which is valued at $232,973 after selling 190,748 shares in Templeton Global Income Fund , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Templeton Global Income Fund makes up approximately 0.08% of Nine Masts Capital Ltd’s portfolio.

Other Hedge Funds, Including , Penserra Capital Management boosted its stake in GIM in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 1,451 shares of Templeton Global Income Fund which is valued at $9,388.Assetmark Inc reduced its stake in GIM by selling 4,135 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 360,459 shares of GIM which is valued at $2,332,170. Templeton Global Income Fund makes up approx 0.04% of Assetmark Inc’s portfolio.Cribstone Capital Management reduced its stake in GIM by selling 500 shares or 4.49% in the most recent quarter. The Hedge Fund company now holds 10,639 shares of GIM which is valued at $69,366. Templeton Global Income Fund makes up approx 0.04% of Cribstone Capital Management’s portfolio.

Templeton Global Income Fund opened for trading at $6.42 and hit $6.49 on the upside on Wednesday, eventually ending the session at $6.48, with a gain of 0.78% or 0.05 points. The heightened volatility saw the trading volume jump to 4,30,850 shares. Company has a market cap of $839 M.

Templeton Global Income Fund (the Fund) is a closed-end investment company. The Fund seeks high current income with a secondary goal of capital appreciation. Under normal market conditions the Fund invests at least 80% of its net assets in income-producing securities including debt securities of U.S. and foreign issuers including emerging markets. The Fund’s investment manager is Franklin Advisers Inc. The Fund invests in the Institutional Fiduciary Trust Money Market Portfolio (Sweep Money Fund) an open-end investment company. The Fund portfolio includes foreign government and agency securities and short term investments and other assets.

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