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TEMPLETON GLOBAL GOVERNMENTS INCOME TRUST ANNOUNCES MONTHLY DIVIDEND

 ST. PETERSBURG, Fla., March 19 /PRNewswire/ -- Templeton Global Governments Income Trust (NYSE: TGG) today announced a monthly dividend from net investment income of $0.06 per share payable April 15, to shareholders of record March 31. This represents a reduction from the previous rate of $0.065, which the fund adopted in October of 1992. This second reduction stems from further declines in interest rates in the U.S. and reductions in many foreign markets as well. The move by several European countries to freely float or devalue their currencies has removed the need to maintain high interest rates in those markets in the face of weakening economic conditions. Rather than sacrifice credit quality to keep the yield up, the fund has elected to reduce the dividend to a level consistent with current market conditions.
 -0- 3/19/93
 /CONTACT: Thomas M. Mistele, secretary of Templeton Global Governments Income Trust, 800-237-0738, ext. 7660/
 (TGG)


CO: Templeton Global Governments Income Trust ST: Florida IN: FIN SU: DIV

AW-JB -- FL014 -- 8016 03/19/93 16:29 EST
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Publication:PR Newswire
Date:Mar 19, 1993
Words:175
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