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    SEC Form SC 13D/A filed by Templeton Global Income Fund Inc. (Amendment)

    6/21/23 4:30:15 PM ET
    $GIM
    Finance Companies
    Finance
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    SC 13D/A 1 p23-1823sc13da.htm TEMPLETON GLOBAL INCOME FUND

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION  
    Washington, D.C. 20549  
       
    SCHEDULE 13D/A
     
    Under the Securities Exchange Act of 1934
    (Amendment No. 21)*
     

    Templeton Global Income Fund

    (Name of Issuer)
     

    Common Shares, No par value

    (Title of Class of Securities)
     

    880198106

    (CUSIP Number)
     

    Saba Capital Management, L.P.

    405 Lexington Avenue

    58th Floor

    New York, NY 10174

    Attention: Michael D'Angelo

    (212) 542-4635

    (Name, Address and Telephone Number of Person
    Authorized to Receive Notices and Communications)
     

    June 16, 2023

    (Date of Event Which Requires Filing of This Statement)
     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [X]

     

    (Page 1 of 6 Pages)

    ______________________________

    * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

    CUSIP No. 880198106SCHEDULE 13D/APage 2 of 6 Pages

     

    1

    NAME OF REPORTING PERSON

    Saba Capital Management, L.P.

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ¨

    (b) ¨

    3 SEC USE ONLY
    4

    SOURCE OF FUNDS

    OO (see Item 3)

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH:
    7

    SOLE VOTING POWER

    -0-

    8

    SHARED VOTING POWER

    38,597,813

    9

    SOLE DISPOSITIVE POWER

    -0-

    10

    SHARED DISPOSITIVE POWER

    38,597,813

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    38,597,813

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    37.57%

    14

    TYPE OF REPORTING PERSON

    PN; IA

             

     

    The percentages used herein are calculated based upon 102,746,371 shares of common stock outstanding as of 12/31/22, as disclosed in the company's N-CSR filed 2/28/2023.

     

     

    CUSIP No. 880198106SCHEDULE 13D/APage 3 of 6 Pages

     

    1

    NAME OF REPORTING PERSON

    Boaz R. Weinstein

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ¨

    (b) ¨

    3 SEC USE ONLY
    4

    SOURCE OF FUNDS

    OO (see Item 3)

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    United States

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH:
    7

    SOLE VOTING POWER

    -0-

    8

    SHARED VOTING POWER

    38,597,813

    9

    SOLE DISPOSITIVE POWER

    -0-

    10

    SHARED DISPOSITIVE POWER

    38,597,813

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    38,597,813

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    37.57%

    14

    TYPE OF REPORTING PERSON

    IN

             

     

    The percentages used herein are calculated based upon 102,746,371 shares of common stock outstanding as of 12/31/22, as disclosed in the company's N-CSR filed 2/28/2023.

     

     

    CUSIP No. 880198106SCHEDULE 13D/APage 4 of 6 Pages

     

     

    1

    NAME OF REPORTING PERSON

    Saba Capital Management GP, LLC

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ¨

    (b) ¨

    3 SEC USE ONLY
    4

    SOURCE OF FUNDS

    OO (see Item 3)

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH:
    7

    SOLE VOTING POWER

    -0-

    8

    SHARED VOTING POWER

    38,597,813

    9

    SOLE DISPOSITIVE POWER

    -0-

    10

    SHARED DISPOSITIVE POWER

    38,597,813

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    38,597,813

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    37.57%

    14

    TYPE OF REPORTING PERSON

    OO

             

     

    The percentages used herein are calculated based upon 102,746,371 shares of common stock outstanding as of 12/31/22, as disclosed in the company's N-CSR filed 2/28/2023.

     

     

    CUSIP No. 880198106SCHEDULE 13D/APage 5 of 6 Pages

     

    Item 1. SECURITY AND ISSUER
       
     

    This Amendment No. 21 amends and supplements the statement on Schedule 13D filed with the SEC on 11/18/20, as amended by Amendment No. 1 filed 12/9/20, Amendment No. 2 filed 12/16/20, Amendment No. 3 filed 12/28/20, Amendment No. 4 filed 12/29/20, Amendment No. 5 filed 1/14/21, Amendment No. 6 filed 1/29/21, Amendment No. 7 filed 5/12/21, Amendment No. 8 filed 7/9/21, Amendment No. 9 filed 7/27/21, Amendment No. 10 filed 8/10/21, Amendment No. 11 filed 11/29/21, Amendment No. 12 filed 12/16/21, Amendment No. 13 filed 12/28/21, Amendment No. 14 filed 6/7/22, Amendment No. 15 filed 7/14/22, Amendment No. 16 filed 8/23/22, Amendment No. 17 filed 9/21/22, Amendment No. 18 filed 11/7/22, Amendment No. 19 filed 12/30/22 and Amendment No. 20 filed 6/9/23; with respect to the common shares of Templeton Global Income Fund. This Amendment No. 21 amends Item 4 as set forth below.

     

    Item 4. PURPOSE OF THE TRANSACTION

     

     

     

    Item 4 is hereby amended and supplemented as follows:

     

    On June 16, 2023, Saba Capital provided a completed information form to a special committee of the Board of the Issuer in response to the special committee’s request to deliver proposals to provide investment advisory services to the Issuer.

     

     

     

     

    CUSIP No. 880198106SCHEDULE 13D/APage 6 of 6 Pages

    SIGNATURES

    After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

    Date: June 21, 2023

     

     

    SABA CAPITAL Management, L.P.

     

    By: /s/ Michael D’Angelo

     

    Name: Michael D'Angelo

    Title: Chief Compliance Officer

       
       
     

    SABA CAPITAL Management GP, LLC

     

    By: /s/ Michael D’Angelo

    Name: Michael D’Angelo

    Title: Authorized Signatory

       
       
     

    BOAZ R. WEINSTEIN

     

    By: /s/ Michael D’Angelo

      Name: Michael D'Angelo
      Title: Attorney-in-fact*

     

     

    * Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823

     

     

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