EX-99.77C VOTES 2 exh77cgim04.txt SHAREHOLDER MEETING RESULTS Name of Registrat: Templeton Global Income Fund, Inc. fILE No. 811-5459 Exhibit Item No. 77(c): Matters Submitted to a Vote of Security Holders An Annual Meeting of Shareholders of Templeton Global Income Fund, Inc. (the "Fund") was held at the Fund's offices, 500 East Broward Blvd., Fort Lauderdale, Florida, on February 27, 2004. The purpose of the meeting was to elect four Directors of the Fund, to approve an Agreement and Plan of Reorganization that provides for the reorganization of the Fund from a Maryland corporation to a Delaware statutory trust, to approve amendments to certain of the Fund's fundamental investment restrictions (including six Sub-Proposals), and to approve the elimination of certain of the Fund's fundamental investment restrictions. At the meeting, the following persons were elected by the shareholders to serve as Directors of the Fund: Frank J. Crothers, Charles B. Johnson, Fred R. Millsaps and Frank A. Olson.* In addition, Shareholders approved an Agreement and Plan of Reorganization that provides for the reorganization of the Fund from a Maryland corporation to a Delaware statutory trust, amendments to certain of the Fund's fundamental investment restrictions (including six Sub-Proposals), and the elimination of certain of the Fund's fundamental investment restrictions. No other business was transacted at the meeting. The results of the voting at the Annual Meeting are as follows: Proposal 1. The election of four (4) Directors:
-------------------------------------------------------------------------------------------------------------------- % OF % OF % OF % OF OUTSTANDING VOTED OUTSTANDING VOTED TERM EXPIRING 2005: FOR SHARES SHARES WITHHELD SHARES SHARES -------------------------------------------------------------------------------------------------------------------- Frank A. Olson .......... 85,114,981.1708 65.68% 97.30% 2,360,315.0144 1.82% 2.70% -------------------------------------------------------------------------------------------------------------------- TERM EXPIRING 2007: -------------------------------------------------------------------------------------------------------------------- Frank J. Crothers ....... 85,284,117.1708 65.81% 97.50% 2,191,179.0144 1.69% 2.50% Charles B. Johnson ...... 85,202,626.1708 65.75% 97.40% 2,272,670.0144 1.75% 2.60% Fred R. Millsaps ........ 85,091,141.1708 65.66% 97.27% 2,384,155.0144 1.84% 2.73%
* Harris J. Ashton, Nicholas F. Brady, S. Joseph Fortunato, Edith E. Holiday, Gordon S. Macklin and Constantine D Tseretopoulos are Directors of the Fund who are currently serving and whose terms of office continued after the Annual Meeting of Shareholders. Proposal 2. The approval of an Agreement and Plan of Reorganization that provides for the reorganization of the Fund from a Maryland corporation to a Delaware statutory trust: ------------------------------------------------------------------------------- SHARES % OF OUTSTANDING % OF SHARES VOTED SHARES PRESENT ------------------------------------------------------------------------------- For ..................... 66,973,840.1143 51.68% 76.56% Against ................. 2,113,787.9560 1.63% 2.42% Abstain ................. 1,644,997.1149 1.27% 1.88% Broker Non-Votes ........ 16,742,670.9998 12.92% 19.14% ------------------------------------------------------------------------------- TOTAL ................... 87,475,296.1850 67.50% 100.00% Proposal 3. The approval of amendments to certain of the Fund's fundamental investment restrictions (includes six (6) Sub-Proposals): Sub-Proposal 3a: To amend the Fund's fundamental investment restriction regarding borrowing and issuing senior securities: ------------------------------------------------------------------------------- % OF % OF OUTSTANDING SHARES SHARES VOTED SHARES PRESENT ------------------------------------------------------------------------------- For ..................... 63,313,586.9056 48.86% 72.38% Against ................. 5,165,604.1619 3.99% 5.91% Abstain ................. 2,253,432.1177 1.74% 2.58% Broker Non-Votes ........ 16,742,672.9998 12.92% 19.14% ------------------------------------------------------------------------------- TOTAL ................... 87,475,296.1850 67.50% 100.00% Sub-Proposal 3b: To amend the Fund's fundamental investment restriction regarding industry concentration: ------------------------------------------------------------------------------- % OF % OF OUTSTANDING SHARES SHARES VOTED SHARES PRESENT ------------------------------------------------------------------------------- For ..................... 64,176,666.4607 49.52% 73.37% Against ................. 4,313,662.4497 3.33% 4.93% Abstain ................. 2,242,296.2748 1.73% 2.56% Broker Non-Votes ........ 16,742,670.9998 12.92% 19.14% ------------------------------------------------------------------------------- TOTAL 87,475,296.1850 67.50% 100.00% Sub-Proposal 3c: To amend the Fund's fundamental investment restriction regarding investments in commodities: ------------------------------------------------------------------------------- % OF % OF OUTSTANDING SHARES SHARES VOTED SHARES PRESENT ------------------------------------------------------------------------------- For ..................... 63,569,715.2521 49.06% 72.67% Against ................. 4,888,251.9349 3.76% 5.59% Abstain ................. 2,274,656.9982 1.76% 2.60% Broker Non-Votes ........ 16,742,671.9998 12.92% 19.14% ------------------------------------------------------------------------------- TOTAL ................... 87,475,296.1850 67.50% 100.00% Sub-Proposal 3d: To amend the Fund's fundamental investment restriction regarding investments in real estate: ------------------------------------------------------------------------------- % OF % OF OUTSTANDING SHARES SHARES VOTED SHARES PRESENT ------------------------------------------------------------------------------- For ..................... 64,189,967.9003 49.53% 73.38% Against ................. 4,360,477.4301 3.37% 4.98% Abstain ................. 2,182,179.8548 1.68% 2.49% Broker Non-Votes ........ 16,742,670.9998 12.92% 19.14% ------------------------------------------------------------------------------- TOTAL ................... 87,475,296.1850 67.50% 100.00% Sub-Proposal 3e: To amend the Fund's fundamental investment restriction regarding lending: ------------------------------------------------------------------------------- % OF % OF OUTSTANDING SHARES SHARES VOTED SHARES PRESENT ------------------------------------------------------------------------------- For ..................... 63,194,446.5359 48.77% 72.24% Against ................. 5,208,469.9322 4.02% 5.95% Abstain ................. 2,329,707.7171 1.80% 2.66% Broker Non-Votes ........ 16,742,671.9998 12.92% 19.14% ------------------------------------------------------------------------------- TOTAL ................... 87,475,296.1850 67.50% 100.00% Sub-Proposal 3f: To amend the Fund's fundamental investment restriction regarding underwriting. ------------------------------------------------------------------------------- % OF % OF OUTSTANDING SHARES SHARES VOTED SHARES PRESENT ------------------------------------------------------------------------------- For ..................... 63,744,570.8519 49.19% 72.87% Against ................. 4,565,076.6243 3.52% 5.22% Abstain ................. 2,422,974.709 1.87% 2.77% Broker Non-Votes ........ 16,742,673.9998 12.92% 19.14% ------------------------------------------------------------------------------- TOTAL ................... 87,475,296.1850 67.50% 100.00% Proposal 4: The approval of the elimination of certain of the Fund's fundamental investment restrictions: ------------------------------------------------------------------------------- % OF % OF OUTSTANDING SHARES SHARES VOTED SHARES PRESENT ------------------------------------------------------------------------------- For 63,299,811.2293 48.85% 72.36% Against 5,005,741.4484 3.86% 5.72% Abstain 2,427,066.5075 1.87% 2.77% Broker Non-Votes 16,742,676.9998 12.92% 19.14% ------------------------------------------------------------------------------- TOTAL 87,475,296.1850 67.50% 100.00%