Evanson Asset Management Lowers stake in Templeton Global Income Fund (GIM)

Templeton Global Income Fund (GIM) : Evanson Asset Management reduced its stake in Templeton Global Income Fund by 2.56% during the most recent quarter end. The investment management company now holds a total of 1,124,055 shares of Templeton Global Income Fund which is valued at $7,328,839 after selling 29,542 shares in Templeton Global Income Fund , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Templeton Global Income Fund makes up approximately 2.14% of Evanson Asset Management’s portfolio.

Other Hedge Funds, Including , New Harbor Financial Group boosted its stake in GIM in the latest quarter, The investment management firm added 79,056 additional shares and now holds a total of 81,056 shares of Templeton Global Income Fund which is valued at $528,485. Templeton Global Income Fund makes up approx 0.73% of New Harbor Financial Group’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 (GIM) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $6.48 and reached the intraday high at $6.53. The bulls started the profit booking and pushed the shares to intraday low of $6.48. The trading session was marked by a volume range of 2,94,848 shares exchanging hands. The 52-week high of the shares is $7 and the 52-week low is $5.86. The market cap of the company stands at $844 M and there are 12,95,07,000 shares in public circulation.

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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