Company: TXEMF
Filing Date: 2025-03-03
Form Type: N-CSR
Source: 0001133228-25-001853
Chunk: 139

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-03-03
Form: N-CSR
Chunk 139
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from the custodian bank; (ii) a meeting notice was received too late; (iii) there are fees imposed upon the exercise of a vote and it
is determined that such fees outweigh the benefit of voting; (iv) there are legal encumbrances to voting, including blocking restrictions
in certain markets that preclude the ability to dispose of a security if an Investment Manager votes a proxy or where the Investment Manager
is prohibited from voting by applicable law, economic or other sanctions, or other regulatory or market requirements, including but not
limited to, effective Powers of Attorney; (v) additional documentation or the disclosure of beneficial owner details is required; (vi)
the Investment Managers held shares on the record date but has sold them prior to the meeting date; (vii) the Advisory Client held shares
on the record date, but the Advisory Client closed the account prior to the meeting date; (viii) a proxy voting service is not offered
by the custodian in the market; (ix) due to either system error or human error, the Investment Managers’ intended vote is not correctly
submitted; (x) the Investment Managers believe it is not in the best interest of the Advisory Client to vote the proxy for any other reason
not enumerated herein; or (xi) a security is subject to a securities lending or similar program that has transferred legal title to the
security to another person.

Rejected Votes

Even if the Investment Managers use reasonable efforts
to vote a proxy on behalf of their Advisory Clients, such vote or proxy may be rejected because of (a) operational or procedural issues
experienced by one or more third parties involved in voting proxies in such jurisdictions; (b) changes in the process or agenda for the
meeting by the issuer for which the Investment Managers do not have sufficient notice; or (c) the exercise by the issuer of its discretion
to reject the vote of the Investment Managers. In addition, despite the best efforts of the Proxy Group and its agents, there may be situations
where the Investment Managers’ votes are not received, or properly tabulated, by an issuer or the issuer’s agent.

Securities on Loan

The Investment Managers or their affiliates may, on behalf
of one or more of the proprietary registered investment companies advised by the Investment Managers or their affiliates, make efforts
to recall any security on loan where the Investment Manager or its affiliates (a) learn of a vote on an event that may materially affect
a security on loan and (b) determine