Western Asset Emerging Markets Debt Fund Inc. Announces Unaudited Earnings Results for the Third Quarter Ended September 30, 2019
November 25, 2019 at 01:00 pm
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Western Asset Emerging Markets Debt Fund Inc. announced unaudited earnings results for the third quarter ended September 30, 2019. For the quarter, the company reported total net investment income of $17,882,716 against $15,433,556 a year ago. Total net realized/unrealized loss was $41,005,944 against gain of $1,189,484 a year ago. Earnings per common share outstanding by total net investment income was $0.29 against $0.25 a year ago. Total net realized/unrealized loss per share was $0.68 against gain of $0.02 a year ago.
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.
WESTERN ASSET EMERGING MARKETS DEBT FUND INC. 
