Company: TXEMF
Filing Date: 2025-03-03
Form Type: N-CSR
Source: 0001133228-25-001853
Chunk: 138

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-03-03
Form: N-CSR
Chunk 138
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 Templeton’s Stewardship
Team. Full-time staff members and support staff are devoted to proxy voting administration and oversight and providing support and assistance
where needed. On a daily basis, the Proxy Group will review each proxy upon receipt as well as any agendas, materials and recommendations
that they receive from a Proxy Service or other sources. The Proxy Group maintains a record of all shareholder meetings that are scheduled
for companies whose securities are held by the Investment Managers’ managed funds and accounts. For each shareholder meeting, a
member of the Proxy Group will consult with the research analyst that follows the security and provide the analyst with the agenda, analyses
of one or more Proxy Services, recommendations and any other information provided to the Proxy Group. Except in situations identified
as presenting material conflicts of interest, the Investment Managers’ research analyst and relevant portfolio manager(s) are responsible
for making the final voting decision based on their review of the agenda, analyses of one or more Proxy Services, proxy statements, their
knowledge of the company and any other information publicly available.

In situations where the Investment Managers have not responded
with vote recommendations to the Proxy Group by the deadline date, the Proxy Group may vote consistent with the vote recommendations of
a Proxy Service. Except in cases where the Proxy Group is voting consistent with the voting recommendation of a Proxy Service, the Proxy
Group must obtain voting instructions from the Investment Managers’ research analysts, relevant portfolio manager(s), legal counsel
and/or the Advisory Client prior to submitting the vote. In the event that an account holds a security that an Investment Manager did
not purchase on its behalf, and the Investment Manager does not normally consider the security as a potential investment for other accounts,
the Proxy Group may vote consistent with the voting recommendations of a Proxy Service or take no action on the meeting.

PROXY ADMINISTRATION PROCEDURES

Situations Where Proxies Are Not Voted

The Proxy Group is fully cognizant of its responsibility to process
proxies and maintain proxy records as may be required by relevant rules and regulations. In addition, the Investment Managers understand
their fiduciary duty to vote proxies and that proxy voting decisions may affect the value of shareholdings. Therefore, the Investment
Managers will generally attempt to process every proxy they receive for all domestic and foreign securities.

However, there may be situations in which the Investment
Managers may be unable to successfully vote a proxy, or may choose not to vote a proxy, such as where: (i) a proxy ballot was not received