TEMIT Launches Initiatives to Boost Share Demand

Templeton Emerging Markets Investment Trust (NZX: TEM) announced four strategic initiatives to increase share demand:

1. Enhanced Share Buybacks: Up to £200 million of shares will be repurchased over the next 12-24 months, potentially up to 10% of current net assets.
2. Dividend Commitment: £278 million will be distributed over the next five years, maintaining a minimum dividend of 5 pence per share annually.
3. Conditional Tender Offer: A new performance-related tender offer for 25% of the company’s shares, contingent on NAV performance over the next five years.
4. Reduced Management Fees: A phased reduction in management fees over the next two years.

Chairman Angus Macpherson emphasized that these measures aim to enhance shareholder value through increased cash distributions, reduced costs, and improved share liquidity.

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