Evergreen Capital Management LLC decreased its stake in shares of Templeton Global Income Fund, Inc. (NYSE:GIM) by 3.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,225,997 shares of the financial services provider’s stock after selling 111,145 shares during the period. Templeton Global Income Fund comprises approximately 2.0% of Evergreen Capital Management LLC’s holdings, making the stock its 8th largest position. Evergreen Capital Management LLC’s holdings in Templeton Global Income Fund were worth $20,324,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Legacy Bridge LLC purchased a new position in shares of Templeton Global Income Fund in the 1st quarter worth approximately $25,000. We Are One Seven LLC purchased a new position in shares of Templeton Global Income Fund in the 4th quarter worth approximately $25,000. Freestone Capital Holdings LLC purchased a new position in shares of Templeton Global Income Fund in the 4th quarter worth approximately $60,000. Narwhal Capital Management purchased a new position in shares of Templeton Global Income Fund in the 1st quarter worth approximately $63,000. Finally, Millennium Management LLC purchased a new position in shares of Templeton Global Income Fund in the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 29.07% of the company’s stock.

Shares of Templeton Global Income Fund stock opened at $6.25 on Monday. Templeton Global Income Fund, Inc. has a 52-week low of $5.95 and a 52-week high of $6.53.

The company also recently disclosed a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a $0.035 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 6.72%. This is an increase from Templeton Global Income Fund’s previous monthly dividend of $0.03.

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Templeton Global Income Fund Company Profile

Templeton Global Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.

Further Reading: Float

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Institutional Ownership by Quarter for Templeton Global Income Fund (NYSE:GIM)

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