Company: TXEMF
Filing Date: 2025-03-03
Form Type: N-CSR
Source: 0001133228-25-001853
Chunk: 135

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-03-03
Form: N-CSR
Chunk 135
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 services. Also, the Investment Managers subscribe to Glass, Lewis & Co., LLC (“Glass Lewis”), an unaffiliated
third-party analytical research firm, to receive analyses and vote recommendations on the shareholder meetings of publicly held U.S. companies,
as well as a limited subscription to its international research.

In addition, the Investment Manager receives in-house voting
research from Franklin Templeton’s Stewardship Team (FT Stewardship). FT Stewardship provides customized research on specific corporate
governance issues that is tailored to the investment manager and corporate engagement undertaken. This research may include opinions on
voting decisions, however there is no obligation or inference for the Investment Manager to formally vote in line with these opinions.
This research supports the independent vote decision making process and may reduce reliance on third-party advice for certain votes.

Although analyses provided by ISS, Glass Lewis, and/or another
independent third-party proxy service provider (each a “Proxy Service”) are thoroughly reviewed and considered in making a
final voting decision, the Investment Managers do not consider recommendations from a Proxy Service or any third-party to be determinative
of the Investment Managers’ ultimate decision. Rather, the Investment Managers exercise their independent judgment in making voting
decisions. As a matter of policy, the officers, directors and employees of the Investment Managers and the Proxy Group will not be influenced
by outside sources whose interests conflict with the interests of Advisory Clients.

For ease of reference, the Proxy Policies often refer to
all Advisory Clients. However, our processes and practices seek to ensure that proxy voting decisions are suitable for individual Advisory
Clients. In some cases, the Investment Managers’ evaluation may result in an individual Advisory Client or Investment Manager voting
differently, depending upon the nature and objective of the fund or account, the composition of its portfolio, whether the Investment
Manager has adopted a specialty or custom voting policy, and other factors.

Conflicts of Interest

All conflicts of interest will be resolved in the best interests
of the Advisory Clients. The Investment Managers are affiliates of a large, diverse financial services firm with many affiliates and makes
its best efforts to mitigate conflicts of interest. However, as a general matter, the Investment Managers take the position that relationships
between certain affiliates that do not use the “Franklin Templeton” name (“Independent Affiliates”) and an issuer
(e.g., an investment management relationship between an issuer and an Independent Affiliate) do not present a conflict of interest for
an Investment Manager in voting proxies with respect to such issuer