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TEMPLETON GLOBAL INCOME FUND ANNOUNCES MONTHLY DIVIDEND

 ST. PETERSBURG, Fla., April 2 /PRNewswire/ -- Templeton Global Income Fund, Inc. (NYSE: GIM) today announced a monthly dividend from net investment income of $0.05 per share payable April 30, 1993, to shareholders of record April 15, 1993. This represents a reduction from the previous rate of $0.06, which the Fund paid in February and March, following an earlier reduction from $0.07 in January. The current fiscal year beginning last September has seen unusual volatility in the foreign exchange markets, particularly with respect to European currencies. Several important currencies, including the British pound and the Italian lira, have left the Exchange Rate Mechanism and are now freely floating. The Spanish peseta is still in the Exchange Rate Mechanism but has suffered two official devaluations. The Canadian dollar and the Australian dollar have also been volatile. In light of this currency volatility, management of the fund believes that its is prudent to reduce the dividend.
 -0- 4/2/93
 /CONTACT: Thomas M. Mistele, secretary of Templeton Global Income Fund, Inc., 800-237-0738/
 (GIM)


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

JB-JJ -- FL007 -- 2645 04/02/93 16:19 EST
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Publication:PR Newswire
Date:Apr 2, 1993
Words:194
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