Western Asset Emerging Markets Debt Fund Inc. Announces Financial Position as of March 31, 2024
May 23, 2024 at 01:08 pm
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Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) today announced the financial position of the Fund as of March 31, 2024.
Current Q
Previous Q
Prior Yr Q
March 31, 2024
December 31, 2023
March 31, 2023
Total Assets (a)
$
881,201,531
$
872,342,845
$
866,095,578
Total Net Assets (a)
$
622,166,546
$
617,562,033
$
603,865,350
NAV Per Share of Common Stock (b)
$
10.65
$
10.57
$
10.02
Market Price Per Share
$
9.61
9.21
$
8.59
Premium / (Discount)
(9.77
)%
(12.87
)%
(14.27
)%
Outstanding Shares
58,443,565
58,443,565
60,246,012
Total Net Investment Income (c)
$
11,013,067
$
10,721,573
$
10,496,792
Total Net Realized/Unrealized Gain/(Loss) (c)
$
8,406,890
$
56,484,143
$
(9,582,408
)
Net Increase (Decrease) in Net Assets From Operations (c)
$
19,419,957
$
67,205,716
$
914,384
Earnings per Common Share Outstanding
Total Net Investment Income (c)
$
0.19
$
0.18
$
0.17
Total Net Realized/Unrealized Gain/(Loss) (c)
$
0.14
$
0.97
$
(0.16
)
Net Increase (Decrease) in Net Assets From Operations (c)
$
0.33
$
1.15
$
0.01
Undistributed/(Overdistributed) Net Investment Income (d)
$
(12,613,320
)
$
(8,810,943
)
$
(3,758,630
)
Undistributed/(Overdistributed) Net Investment Income
Per Share (d)
$
(0.22
)
$
(0.15
)
$
(0.06
)
Loan Outstanding (d)
$
250,000,000
$
250,000,000
$
250,000,000
Footnotes:
(a) The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings; total net assets do not include borrowings.
(b) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
(c) For the quarter indicated.
(d) As of the period indicated above. This financial data is unaudited.
The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Forms N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.
Western Asset Emerging Markets Debt Fund Inc., a non-diversified, closed-end management investment company, is advised by Franklin Templeton Fund Advisor, LLC (“FTFA”) (formerly known as Legg Mason Partners Fund Advisor, LLC) and is sub-advised by Western Asset Management Company, LLC (“Western Asset”). FTFA and Western Asset are indirect, wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources”).
For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund.
Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com: https://www.businesswire.com/news/home/20240523987734/en/
Western Asset Emerging Markets Debt Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to seek high current income and its secondary objective is to seek capital appreciation. It invests primarily in United States (U.S.) dollar and non-U.S. dollar denominated debt securities of issuers in emerging market countries. Under normal market conditions, the Fund invests at least 80% of its managed assets in debt securities of issuers in emerging market countries. The Fund may invest up to 20% of its managed assets in non-debt securities and non-emerging market issuers, including equity securities. It may invest in securities denominated in currencies of emerging market countries. The Fund seeks to maintain an average portfolio duration between 20% above and 20% below the average duration of the JPMorgan Emerging Markets Bond Index Global Diversified. Its investment manager is Legg Mason Partners Fund Advisor, LLC.