Company: TXEMF
Filing Date: 2025-03-03
Form Type: N-CSR
Source: 0001133228-25-001853
Chunk: 133

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-03-03
Form: N-CSR
Chunk 133
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URES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |

| March                       
 2024                        
 FRANKLIN EQUITY             
 GROUP                       
 Proxy Voting                
 Policies & Procedures       
 An SEC Compliance           
 Rule Policy and Procedures* |

RESPONSIBILITY OF THE INVESTMENT MANAGERS TO VOTE PROXIES

Franklin Equity Group, a separate investment group within
Franklin Templeton, comprised of investment personnel from the SEC- registered investment advisers listed on (hereinafter
individually an “Investment Manager” and collectively the “Investment Managers”) have delegated the administrative
duties with respect to voting proxies for securities to the Franklin Templeton Proxy Group. Proxy duties consist of disseminating proxy
materials and analyses of issuers whose stock is owned by any client (including both investment companies and any separate accounts managed
by the Investment Managers) that has either delegated proxy voting administrative responsibility to the Investment Managers or has asked
for information and/or recommendations on the issues to be voted. The Investment Managers will inform advisory clients that have not delegated
the voting responsibility but that have requested voting advice about the Investment Managers’ views on such proxy votes. The Proxy
Group also provides these services to other advisory affiliates of the Investment Managers.

The Proxy Group will process proxy votes on behalf of, and
the Investment Managers vote proxies solely in the best interests of, separate account clients, the Investment Managers’-managed
investment company shareholders, or shareholders of funds that have appointed Franklin Templeton International Services S.à.r.l.
(“FTIS S.à.r.l.”) as the Management Company, provided such funds or clients have properly delegated such responsibility
in writing, or, where employee benefit plan assets subject to the Employee Retirement Income Security Act of 1974, as amended, are involved
(“ERISA accounts”), in the best interests of the plan participants and beneficiaries (collectively, “Advisory Clients”),
unless (i) the power to vote has been specifically retained by the named fiduciary in the documents in which the named fiduciary appointed
the Investment Managers or (ii) the documents otherwise expressly prohibit the Investment Managers from voting proxies. The Investment
Managers recognize that the exercise of voting rights on securities held by ERISA plans for which the Investment Managers have voting
responsibility is a fiduciary duty that must be exercised with care, skill, prudence and diligence.

In certain circumstances, Advisory Clients are permitted to direct
their votes in a solicitation pursuant to the Investment