{"id":748507,"date":"2023-04-18T08:10:37","date_gmt":"2023-04-18T12:10:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-closed-end-funds-announce-share-repurchases-for-the-first-quarter-of-2023\/"},"modified":"2023-04-18T08:10:37","modified_gmt":"2023-04-18T12:10:37","slug":"franklin-templeton-closed-end-funds-announce-share-repurchases-for-the-first-quarter-of-2023","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-closed-end-funds-announce-share-repurchases-for-the-first-quarter-of-2023\/","title":{"rendered":"Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2023"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwwidth100 { width: 100% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2023<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe following Funds announced today their share repurchase activity during the first quarter of 2023.<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Ticker<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Fund Name<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Share Repurchases (1\/1\/23 &#8211; 3\/31\/23)<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Repurchases Since Inception of Each Fund\u2019s Repurchase Program<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCEM<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nClearBridge MLP and Midstream Fund Inc.<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n26,000<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n938,736<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCTR<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nClearBridge MLP and Midstream Total Return Fund Inc.<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n32,996<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n865,410<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSCD<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nLMP Capital and Income Fund Inc.<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n66,987<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n755,574<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEMF<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTempleton Emerging Markets Fund<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1,200<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2,368,468<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTEI<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTempleton Emerging Markets Income Fund<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n40,213<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1,070,404<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nShare Repurchases seek to enhance shareholder value by purchasing the Fund\u2019s shares when trading at a discount to the Fund\u2019s net asset value (\u201cNAV\u201d) per share. All repurchased shares are canceled and the difference between the purchase price and NAV results in incremental accretion to the Fund\u2019s NAV for all shareholders.<\/p>\n<p>\nEach Fund\u2019s Board of Directors\/Trustees has authorized each Fund to repurchase shares when they are trading at a discount to NAV and management reasonably believes the share repurchases will enhance shareholder value. The Funds are under no obligation to purchase shares at any specific discount levels or in any specific amounts. Each Fund&#8217;s repurchase activity will also be disclosed in its shareholder report for the relevant fiscal period.<\/p>\n<p><b>About Franklin Templeton<\/b><\/p>\n<p>\nFranklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton.<\/p>\n<p>\nFor more information about the Funds, please call 1-888-777-0102 or consult the Funds\u2019 website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.franklintempleton.com%2Finvestments%2Foptions%2Fclosed-end-funds&amp;esheet=53383042&amp;newsitemid=20230418005717&amp;lan=en-US&amp;anchor=www.franklintempleton.com%2Finvestments%2Foptions%2Fclosed-end-funds&amp;index=1&amp;md5=77f6f87d39bdf16af46f557179055ab6\">www.franklintempleton.com\/investments\/options\/closed-end-funds<\/a>. Hard copies of the Funds\u2019 complete audited financial statements are available free of charge upon request.<\/p>\n<p>\nData and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Funds.<\/p>\n<p>\nThe Funds\u2019 shares are traded on the New York Stock Exchange. Similar to stocks, Fund share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor\u2019s risk of loss. All investments are subject to risk, including the risk of loss.<\/p>\n<p>\nThis press release contains &#8220;forward-looking statements&#8221; as defined under the U.S. federal securities laws. Generally, the words &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;anticipate,&#8221; &#8220;project,&#8221; &#8220;will,&#8221; and similar expressions identify forward looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual future results to differ significantly from each Fund\u2019s present expectations or projections indicated in any forward-looking statements. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; leverage risk; valuation risk; interest rate risk; tax risk; the continuation of investment advisory, administration and other service arrangements; and other risks discussed in the fund\u2019s filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund\u2019s investment objectives will be attained.<\/p>\n<p>\nINVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE<\/p>\n<p>\nCategory: Corporate Action<\/p>\n<p>\nSource: Franklin Resources, Inc.<\/p>\n<p>\nSource: Legg Mason Closed End Funds<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230418005717r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230418005717\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230418005717\/en\/<\/a><\/span><\/p>\n<p>\nInvestor Contact: Fund Investor Services 1-888-777-0102<br \/>\n<br \/>Media Contact: Fund Investor Services-1-888-777-0102<\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2023 NEW YORK&#8211;(BUSINESS WIRE)&#8211; The following Funds announced today their share repurchase activity during the first quarter of 2023. Ticker Fund Name Share Repurchases (1\/1\/23 &#8211; 3\/31\/23) Repurchases Since Inception of Each Fund\u2019s Repurchase Program CEM ClearBridge MLP and Midstream Fund Inc. 26,000 938,736 CTR ClearBridge MLP and Midstream Total Return Fund Inc. 32,996 865,410 SCD LMP Capital and Income Fund Inc. 66,987 755,574 EMF Templeton Emerging Markets Fund 1,200 2,368,468 TEI Templeton Emerging Markets Income Fund 40,213 1,070,404 Share Repurchases seek to enhance shareholder value by purchasing the Fund\u2019s shares when trading at a discount to the Fund\u2019s net asset value (\u201cNAV\u201d) per share. All repurchased shares &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-closed-end-funds-announce-share-repurchases-for-the-first-quarter-of-2023\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2023&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-748507","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2023 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-closed-end-funds-announce-share-repurchases-for-the-first-quarter-of-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2023 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2023 NEW YORK&#8211;(BUSINESS WIRE)&#8211; The following Funds announced today their share repurchase activity during the first quarter of 2023. Ticker Fund Name Share Repurchases (1\/1\/23 &#8211; 3\/31\/23) Repurchases Since Inception of Each Fund\u2019s Repurchase Program CEM ClearBridge MLP and Midstream Fund Inc. 26,000 938,736 CTR ClearBridge MLP and Midstream Total Return Fund Inc. 32,996 865,410 SCD LMP Capital and Income Fund Inc. 66,987 755,574 EMF Templeton Emerging Markets Fund 1,200 2,368,468 TEI Templeton Emerging Markets Income Fund 40,213 1,070,404 Share Repurchases seek to enhance shareholder value by purchasing the Fund\u2019s shares when trading at a discount to the Fund\u2019s net asset value (\u201cNAV\u201d) per share. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-closed-end-funds-announce-share-repurchases-for-the-first-quarter-of-2023\/","og_locale":"en_US","og_type":"article","og_title":"Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2023 - Market Newsdesk","og_description":"Franklin Templeton Closed-End Funds Announce Share Repurchases for the First Quarter of 2023 NEW YORK&#8211;(BUSINESS WIRE)&#8211; The following Funds announced today their share repurchase activity during the first quarter of 2023. Ticker Fund Name Share Repurchases (1\/1\/23 &#8211; 3\/31\/23) Repurchases Since Inception of Each Fund\u2019s Repurchase Program CEM ClearBridge MLP and Midstream Fund Inc. 26,000 938,736 CTR ClearBridge MLP and Midstream Total Return Fund Inc. 32,996 865,410 SCD LMP Capital and Income Fund Inc. 66,987 755,574 EMF Templeton Emerging Markets Fund 1,200 2,368,468 TEI Templeton Emerging Markets Income Fund 40,213 1,070,404 Share Repurchases seek to enhance shareholder value by purchasing the Fund\u2019s shares when trading at a discount to the Fund\u2019s net asset value (\u201cNAV\u201d) per share. 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