SEC Form SC TO-I filed by Templeton Global Income Fund Inc.

As filed with the Securities and Exchange Commission on October 10, 2023

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE TO

TENDER OFFER STATEMENT

(Under Section 14(d)(1) or 13(e)(1) of the

Securities Exchange Act of 1934)

Templeton Global Income Fund

(Name of Issuer)

Templeton Global Income Fund

(Names of Filing Person(s) (Issuer))

Common Shares of Beneficial Interest, no par value

(Title of Class of Securities)

800198106

(CUSIP Number of Class of Securities)

Garry Khasidy, Trustee and Chair of the Special Committee

c/o Templeton Global Income Fund

300 S.E. 2nd Street

Fort Lauderdale, Florida 33301-1923

(954) 527-7500

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Person(s))

Copies to:

Check the appropriate boxes to designate any transactions to which this statement relates:

Check the following box if the filing is a final amendment reporting the results of the tender offer. o

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

Introductory Statement

This Issuer Tender Offer Statement on Schedule TO relates to an offer by Templeton Global Income Fund (the “Fund”), a Delaware statutory trust and closed-end management investment company registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), to repurchase up to 45% of its issued and outstanding common shares, no par value (the “Shares”), in exchange for cash at a price equal to 99% of the net asset value (“NAV”) per Share (the “Purchase Price”) determined as of the close of the regular trading session of the New York Stock Exchange (the “NYSE”), the principal market on which the Shares are traded, on the day the offer expires (the “Pricing Date”), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated October 10, 2023 (the “Offer to Purchase”), and in the related Letter of Transmittal which are filed as exhibits to this Schedule TO.

This Issuer Tender Offer Statement on Schedule TO is being filed in satisfaction of the reporting requirements of Rule 13e-4(c)(2) promulgated under the Securities Exchange Act of 1934, as amended.

The information set forth in the Offer to Purchase and the related Letter of Transmittal is incorporated herein by reference in answer to Items 1 through 11 of Schedule TO.

The information set forth under “Summary Term Sheet” in the Offer to Purchase is incorporated herein by reference.

(a)       The name of the issuer is Templeton Global Income Fund, a Delaware statutory trust and closed-end management investment company registered under the Investment Company Act. The principal executive offices of the Fund are located at 300 S.E. 2nd Street, Fort Lauderdale, Florida 33301-1923. The telephone number of the Fund is (954) 527-7500.

(b)       The title of the securities being sought is common shares, no par value. As of September 15, 2023, there were 102,746,371 Shares issued and outstanding.

(c)       The principal market in which the Shares are traded is the NYSE. The Fund began trading on the NYSE on March 17, 1988. For information on the high and low closing (as of the close of ordinary trading on the NYSE on the last day of each of the Fund’s fiscal quarters) market prices of the Shares in such principal market for each quarter for the past two calendar years, see Section 10, “Price Range of Shares” of the Offer to Purchase, which is incorporated herein by reference.

(a)       The Fund is the filing person. The information set forth in the Offer to Purchase under “Certain Information about the Fund” is incorporated herein by reference.

(a)       The following sections of the Offer to Purchase contain a description of the material terms of the transaction and are incorporated herein by reference:

(a)       (2) Not applicable.

(b)       The information set forth in the Offer to Purchase under “Interests of Trustees and Officers; Transactions and Arrangements Concerning the Shares” is incorporated herein by reference.

(e)       The information set forth in the Offer to Purchase under “Purpose of the Offer;” “Purpose of the Offer;” “Plans or Proposals of the Fund,” “Interests of Trustees and Officers; Transactions and Arrangements Concerning the Shares” and “Certain Information About the Fund” is incorporated herein by reference.

(a)       The information set forth in the Offer to Purchase under “Purpose of the Offer” and “Plans or Proposals of the Fund” is incorporated herein by reference.

(b)       The information set forth in the Offer to Purchase under “Purpose of the Offer” is incorporated herein by reference.

(c)       The information set forth in the Offer to Purchase under "Purpose of the Offer and "Plans or Proposals of the Fund" is incorporated herein by reference.

(a)       The information set forth in the Offer to Purchase under “Source and Amount of Consideration” is incorporated herein by reference.

(b)       The information set forth in the Offer to Purchase under “Source and Amount of Consideration” is incorporated herein by reference.

(d)       Not applicable.

(a)       The information set forth in the Offer to Purchase under “Interests of Trustees and Officers; Transactions and Arrangements Concerning the Shares” is incorporated herein by reference.

(b)       The information set forth in the Offer to Purchase under “Interests of Trustees and Officers; Transactions and Arrangements Concerning the Shares” is incorporated herein by reference.

(a)       No persons have been directly or indirectly employed, retained, or are to be compensated by or on behalf of the Fund to make solicitations or recommendations in connection with the Offer to Purchase.

Not applicable.

(a)(1) The information set forth in the Offer to Purchase under “Interests of Trustees and Officers; Transactions and Arrangements Concerning the Shares” is incorporated herein by reference.

(a)(2) None.

(a)(3) Not applicable.

(a)(4) Not applicable.

(a)(5) None.

(c)       Not applicable.

*       Filed herewith.

Not Applicable.

SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Exhibit Index