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TEMPLETON GLOBAL INCOME FUND ANNOUNCES MONTHLY DIVIDEND

 ST. PETERSBURG, Fla., Feb. 1 /PRNewswire/ -- Templeton Global Income Fund, Inc. (NYSE: GIM) today announced a monthly dividend from net investment income of $0.06 per share, payable Feb. 26, 1993 to shareholders of record on Feb. 11, 1993. This represents a reduction from the previous rate of $0.07, which the fund was able to pay for 22 consecutive months. During that time, the U.S. discount rate was reduced five times, dropping from 6.0 percent to 3.0 percent. Rates have fallen in many foreign markets as well, as many countries have recognized the need to drop rates in order to stimulate their weak economies. 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- 2/1/93
 /CONTACT: Thomas M. Mistele, secretary of Templeton Global Income Fund, 800-237-0738/
 (GIM)


CO: Templeton Global Income Fund, Inc. ST: Florida IN: FIN SU: DIV

AW-JB -- FL013 -- 6651 02/01/93 16:21 EST
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Publication:PR Newswire
Date:Feb 1, 1993
Words:171
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