Company: TXEMF
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001741773-25-001395
Chunk: 13

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 13
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| Senior                                                                                                    
 Associate General Counsel, Franklin Templeton; and officer of certain funds in the Franklin Templeton     
 fund complex.                                                                                             |                                                            |                                                    |

PROPOSAL 2: RATIFICATION OF THE SELECTION OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM

How are independent auditors selected?

The
Board has a standing Audit Committee currently comprised of David W. Niemiec (Chairman), Ann Torre Bates,
Terrence J. Checki, J. Michael Luttig, and Constantine D. Tseretopoulos, all of whom are Independent
Trustees and considered to be “independent” as that term is defined by the NYSE’s listing standards.
The Audit Committee is responsible for the appointment, compensation and retention of the Fund’s independent
registered public accounting firm (“independent auditors”), including evaluating their independence,
recommending the selection of the Fund’s independent auditors to the full Board, and meeting with such
independent auditors to consider and review matters relating to the Fund’s financial reports and internal
controls.

Which independent auditors did the Board select?

The
Audit Committee and the Board have selected the firm of PwC as the independent auditors for the Fund
for the current fiscal year. PwC has examined and reported on the fiscal year-end financial statements
dated December 31, 2024, and certain related SEC filings. You are being asked to ratify the Board’s
selection of PwC for the current fiscal year ending December 31, 2025. Services to be performed by the
independent auditors include examining and reporting on the fiscal year-end financial statements of the
Fund and certain related filings with the SEC.

The selection of PwC
as the independent auditors for the Fund for the fiscal year ending December 31, 2025, was recommended
by the Audit Committee and approved by the Board on February 24, 2025. PwC’s reports on the financial
statements of the Fund for the fiscal years for which it has served as auditors did not contain an adverse
opinion or a disclaimer of opinion, nor were qualified or modified as to uncertainty, audit scope or
accounting principles.

The Audit Committee and the Board have
been advised by PwC that neither PwC nor any of its members have any material direct or indirect financial
interest in the Fund. Representatives of PwC are not expected to be present at the Meeting,