Saba Capital Management L.P. Increases Position in Templeton Emerging Markets Income Fund, Inc. Common Stock (TEI)

Saba Capital Management L.P. boosted its stake in shares of Templeton Emerging Markets Income Fund, Inc. Common Stock (NYSE:TEI) by 30.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,259,638 shares of the company’s stock after buying an additional 1,470,736 shares during the quarter. Templeton Emerging Markets Income Fund, Inc. Common Stock makes up 3.9% of Saba Capital Management L.P.’s portfolio, making the stock its 3rd largest position. Saba Capital Management L.P. owned 0.13% of Templeton Emerging Markets Income Fund, Inc. Common Stock worth $70,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in Templeton Emerging Markets Income Fund, Inc. Common Stock during the 4th quarter valued at about $122,000. IFP Advisors Inc lifted its holdings in Templeton Emerging Markets Income Fund, Inc. Common Stock by 1,002.8% during the 1st quarter. IFP Advisors Inc now owns 11,701 shares of the company’s stock valued at $132,000 after buying an additional 10,640 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in Templeton Emerging Markets Income Fund, Inc. Common Stock during the 4th quarter valued at about $150,000. First Allied Advisory Services Inc. bought a new stake in Templeton Emerging Markets Income Fund, Inc. Common Stock during the 1st quarter valued at about $154,000. Finally, Stifel Financial Corp lifted its holdings in Templeton Emerging Markets Income Fund, Inc. Common Stock by 75.0% during the 1st quarter. Stifel Financial Corp now owns 24,953 shares of the company’s stock valued at $282,000 after buying an additional 10,696 shares in the last quarter.

In other Templeton Emerging Markets Income Fund, Inc. Common Stock news, insider Bates Ann Torre purchased 4,425 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock in a transaction dated Wednesday, May 2nd. The stock was acquired at an average price of $11.33 per share, for a total transaction of $50,135.25. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Saba Capital Management, L.P. purchased 62,355 shares of Templeton Emerging Markets Income Fund, Inc. Common Stock stock in a transaction dated Thursday, March 29th. The stock was acquired at an average price of $11.33 per share, with a total value of $706,482.15. The disclosure for this purchase can be found here. Insiders have purchased a total of 79,397 shares of company stock valued at $900,325 in the last quarter.

Shares of TEI opened at $10.45 on Thursday. Templeton Emerging Markets Income Fund, Inc. Common Stock has a 1-year low of $10.32 and a 1-year high of $11.98.

About Templeton Emerging Markets Income Fund, Inc. Common Stock

Templeton Emerging Markets Income Fund (the Fund) is a non-diversified, closed-ended management investment company. The Fund seeks high, current income, with a secondary goal of capital appreciation, by investing, under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries.

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Institutional Ownership by Quarter for Templeton Emerging Markets Income Fund, Inc. Common Stock (NYSE:TEI)

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