TEMPLETON GLOBAL INCOME FUND, INC.
Broward Financial Centre
500 East Broward Blvd./Suite 2100
Ft. Lauderdale, FL 33394-3091
Tel: 954/527-7500
FOR IMMEDIATE RELEASE:
Contact Holly Gibson at 415/312-4701.
TEMPLETON GLOBAL INCOME FUND, INC.
ANNOUNCES OPEN MARKET SHARE REPURCHASE PROGRAM
Ft. Lauderdale, Florida, February 26, 1997. Templeton Global Income Fund, Inc.
(the "Fund") (New York Stock Exchange: GIM), a closed-end management investment
company, announced today that the Board of Directors of the Fund has authorized
management to implement an open-market share repurchase program pursuant to
which the Fund from time to time at the discretion of management may purchase up
to an aggregate of 12 million shares of the Fund's Common Stock (approximately
10% of the shares outstanding on February 18, 1997) in open-market transactions.
The Fund is designed for investors seeking high current income and, as a
secondary investment objective, capital appreciation through investments in
fixed income securities of U.S. and foreign issuers. The Fund's investment
manager is the Templeton Global Bond Managers Division of Templeton Investment
Counsel, Inc., and Neil S. Devlin is the Fund's lead portfolio manager. The Fund
currently has total assets in excess of $1 billion.
The Fund's investment manager is a subsidiary of Franklin Resources, Inc. (NYSE:
BEN). Franklin's main business is the $186 billion Franklin Templeton Group.
Franklin has its headquarters at 777 Mariners Island Blvd., San Mateo,
California 94404.
