Templeton Global Governments Income Trust holds Annual Meeting of Shareholders.FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--March 25, 1997-- Templeton Global Governments Income Trust (the "Trust") (NYSE NYSE See: New York Stock Exchange :TGG TGG The Great Gatsby (novel F. Scott Fitzgerald; movie) TGG Kuala Terengganu, Malaysia - Sultan Mahmood (Airport Code) TGG Temporary Geographic Grid TGG Third Generation Gyro TGG Triple Graph Grammar ), a closed-end management investment company, announced today the preliminary results of voting at the Trust's Annual Meeting of Shareholders held this morning. Shareholders voted to approve the election of trustees and the selection of the Trust's independent public accountants. Shareholders voted to reject a shareholder proposal to amend the Trust's Declaration of Trust to convert it to an open-end investment company open-end investment company: see mutual fund. . Because the mailing of the Trust's supplemental proxy materials to some shareholders by an unrelated proxy distribution firm was later than anticipated, final tabulation of the shareholder vote was postponed for one week. This will allow additional time for all shareholders to exercise their vote. The Annual Meeting will be reconvened on Tuesday, April 1, 1997, at 10:00 a.m., Eastern Standard Time at 500 East Broward Boulevard, 12th Floor, Fort Lauderdale, Florida Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States. The city's population is described as metropolitan, where diverse culture is commonplace. According to 2006 U.S. , for the sole purpose of recording the final tabulation of shareholder votes. The Trust is designed for investors seeking a high level of current income consistent with the preservation of capital Preservation of Capital An investment strategy whose primary goal is to prevent the loss of an investment's total value. Notes: For investors using the capital preservation strategy to achieve their goal, they must ensure their portfolio is producing a return that is at through investing in debt securities of government entities of various nations throughout the world. The Trust's investment manager is the Templeton Global Bond Managers Division of Templeton Investment Counsel, Inc., and Neil S. Devlin is the Trust's lead portfolio manager. The Trust currently has total assets in excess of $188 million. The Trust's investment manager is a subsidiary of Franklin Resources, Inc. (NYSE:BEN). Franklin's main business is the $190 billion Franklin Templeton Group. Franklin has its headquarters at 777 Mariners Island Blvd., San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. 94404. CONTACT: Templeton Global Governments Income Trust Holly Gibson, 415/312-4701 |
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