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Templeton Global Income Fund: Templeton Global Income Fund ("GIM") Announces Dividend and Municipal Securities Invest

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^{Published in Business and Finance on Monday, July 6th 2009 at 11:52 GMT, Last Modified on 2009-07-06 11:52:45 by Market Wire}  

FORT LAUDERDALE, FL--(Marketwire - July 6, 2009) - Templeton Global Income Fund (NYSE: [ GIM ]) today announced its regular monthly dividend from net investment income of $0.042 per share, payable on July 31, 2009 to shareholders of record on July 16, 2009 (Ex-Dividend Date: July 14, 2009).

It was also announced that the Fund may invest up to 10% of its assets in municipal securities when the investment manager believes it is advisable to do so. Municipal securities are issued by state and local governments, their agencies and authorities, as well as by the District of Columbia and U.S. territories and possessions, to borrow money for various public or private projects. The issuer pays a fixed, floating or variable rate of interest, and must repay the amount borrowed (the "principal") at maturity. Municipal securities generally pay interest free from federal income tax.

The Fund's primary objective of high current income and its secondary objective of capital appreciation, as well as its other investment policies, restrictions and tax diversification requirements remain the same.

Investing in municipal securities involves risks, such as the issuer's inability to make interest payments and repay principal. Changes in an issuer's financial strength or in a security's credit rating may affect a security's value and, thus, impact Fund performance. In addition, these securities can be impacted by events in the states and territories that issue them, which may include economic or political policy changes, tax base erosion, state constitutional limits on tax increases, budget deficits and other financial difficulties, and changes in the credit ratings assigned to the state's municipal issuers.

The Fund's investment manager is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: [ BEN ]), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $448 billion in assets under management as of May 31, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.