Company: TXEMF
Filing Date: 2025-03-03
Form Type: N-CSR
Source: 0001133228-25-001853
Chunk: 140

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-03-03
Form: N-CSR
Chunk 140
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 that it is in the best interests of such proprietary registered investment companies to recall the
security for voting purposes. The ability to timely recall shares is not entirely within the control of the Investment Managers. Under
certain circumstances, the recall of shares in time for such shares to be voted may not be possible due to applicable proxy voting record
dates or other administrative considerations.

Split Voting

There may be instances in certain non-U.S. markets where
split voting is not allowed. Split voting occurs when a position held within an account is voted in accordance with two differing instructions.
Some markets and/or issuers only allow voting on an entire position and do not accept split voting. In certain cases, when more than one
Franklin Templeton investment manager has accounts holding shares of an issuer that are held in an omnibus structure, the Proxy Group
will seek direction from an appropriate representative of the Advisory Client with multiple Investment Managers (such as a conducting
officer of the Management Company in the case of a SICAV), or the Proxy Group will submit the vote based on the voting instructions provided
by the Investment Manager with accounts holding the greatest number of shares of the security within the omnibus structure.

Bundled Items

If several issues are bundled together in a single voting
item, the Investment Managers will assess the total benefit to shareholders and the extent that such issues should be subject to separate
voting proposals.

PROCEDURES FOR MEETINGS INVOLVING FIXED INCOME SECURITIES
& PRIVATELY HELD ISSUERS

From time to time, certain custodians may process events
for fixed income securities through their proxy voting channels rather than corporate action channels for administrative convenience.
In such cases, the Proxy Group will receive ballots for such events on the ISS voting platform. The Proxy Group will solicit voting instructions
from the Investment Managers for each account or fund involved. If the Proxy Group does not receive voting instructions from the Investment
Managers, the Proxy Group will take no action on the event. The Investment Managers may be unable to vote a proxy for a fixed income security,
or may choose not to vote a proxy, for the reasons described under the section entitled “Proxy Procedures.”

In the rare instance where there is a vote for a privately held
issuer, the decision will generally be made by the relevant portfolio managers or research analysts.

The Proxy Group will monitor such meetings involving fixed
income securities or privately held issuers for conflicts of interest in accordance with these procedures. If a fixed income or privately
held