Templeton Global Income Fund ("GIM") Announces Dividend

FORT LAUDERDALE, FL--(Marketwired - Apr 1, 2014) -  Templeton Global Income Fund (NYSE: GIM) today announced its regular monthly dividend from net investment income of $0.025 per share, payable on April 30, 2014, to shareholders of record on April 15, 2014 (Ex-Dividend Date: April 11, 2014).

Beginning with the April dividend, the Fund's monthly dividend will be adjusted from $0.035 to $0.025 per share. Dividends may vary based on the Fund's net investment income. Past dividends are not indicative of future trends. Over the past few years, interest rates around the globe have decreased in response to the slow growth economic environment. The Fund's dividend adjustment reflects the current environment of historically low interest rates and reduced yields available in government bonds.

The Fund's investment team continues to believe that the current period of accommodative monetary policy by developed country central banks will eventually need to end, resulting in rising interest rates from current record low levels. This poses downside risk for bond prices, so the Fund has been positioned in very low duration and short maturity bonds to mitigate downside risk when interest rates rise. In general, shorter duration and maturity bonds have lower yields than longer duration/maturity bonds.

The Fund's investment team has continued to look for attractive yields in short-maturity government bonds around the world. However, as bond yields have declined globally, the Fund's investment team has been reinvesting at lower yields as a number of higher yielding positions that the Fund has held for many years mature.

While the Fund's distribution rate has been adjusted down, it is still relatively high given the current low interest rate environment. Furthermore, the Fund is well positioned in low duration exposure to protect against price erosion should interest rates shift to a rising rate cycle. With a significant portion of the Fund's portfolio invested in bonds maturing in less than one year, if interest rates rise, these bonds will mature in short order and the investment team will seek to reinvest the Fund's portfolio into higher yielding bonds.

The Fund's investment manager, Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over $882 billion in assets under management as of February 28, 2014. For more information, please call 1-800/DIAL BEN^® or visit franklintempleton.com.