Company: TXEMF
Filing Date: 2025-03-03
Form Type: N-CSR
Source: 0001133228-25-001853
Chunk: 134

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-03-03
Form: N-CSR
Chunk 134
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 Management Agreement. An Advisory Client that wishes to direct its vote shall
give reasonable prior written notice to the Investment Managers indicating such intention and provide written instructions directing the
Investment Managers or the Proxy Group to vote regarding the solicitation. Where such prior written notice is received, the Proxy Group
will vote proxies in accordance with such written notification received from the Advisory Client.

The Investment Managers have adopted and implemented Proxy
Voting Policies and Procedures (“Proxy Policies”) that they believe are reasonably designed to ensure that proxies are voted
in the best interest of Advisory Clients in accordance with their fiduciary duties and rule 206(4)-6 under the Investment Advisers Act
of 1940. To the extent that the Investment Managers have a subadvisory agreement with an affiliated investment manager (the “Affiliated
Subadviser”) with respect to a particular Advisory Client, the Investment Managers may delegate proxy voting responsibility to the
Affiliated Subadviser. The Investment Managers may also delegate proxy voting responsibility to a subadviser that is not an Affiliated
Subadviser in certain limited situations as disclosed to fund shareholders (e.g., where an Investment Manager to a pooled investment vehicle
has engaged a subadviser that is not an Affiliated Subadviser to manage all or a portion of the assets).

HOW THE INVESTMENT MANAGERS VOTE PROXIES

Proxy Services

All proxies received by the Proxy Group will be voted based
upon the Investment Managers’ instructions and/or policies. To assist it in analyzing proxies of equity securities, the Investment
Managers subscribe to Institutional Shareholder Services Inc. (“ISS”), an unaffiliated third-party corporate governance research
service that provides in-depth analyses of shareholder meeting agendas and vote recommendations. In addition, the Investment Managers
subscribe to ISS’s Proxy Voting Service and Vote Disclosure Service. These services include receipt of proxy ballots, custodian
bank relations, account maintenance, vote execution, ballot reconciliation,

*Rule 38a-1 under the Investment Company Act
of 1940 (“1940 Act”) and Rule 206(4)-7 under the Investment Advisers Act of 1940 (“Advisers Act”) (together the
“Compliance Rule”) require registered investment companies and registered investment advisers to, among other things, adopt
and implement written policies and procedures reasonably designed to prevent violations of the federal securities laws (“Compliance
Rule Policies and Procedures”).

vote record maintenance, comprehensive reporting capabilities,
and vote disclosure