Franklin Templeton Fund Adviser, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribution Policy for the Months of December 2024, January and February 2025

Rhea-AI Summary

Franklin Templeton Fund Adviser has announced distributions for certain closed-end funds for December 2024, January and February 2025. BrandywineGLOBAL - Global Income Opportunities Fund (BWG) will distribute $0.08000 per share monthly, while Western Asset Emerging Markets Debt Fund (EMD) will distribute $0.08750, reflecting a $0.00300 increase. BWG's fiscal year-to-date distributions are estimated to come from 67.43% income and 32.57% return of capital. The distributions will be paid on December 31, 2024, February 3, 2025, and March 3, 2025, respectively.

NEW YORK--(BUSINESS WIRE)-- Franklin Templeton Fund Adviser, LLC announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy for the months of December 2024, January and February 2025.

The following dates apply to the distribution schedule below:

Month	Record Date	Ex-Dividend Date	Payable Date
December	12/23/2024	12/23/2024	12/31/2024
January	1/24/2025	1/24/2025	2/3/2025
February	2/21/2025	2/21/2025	3/3/2025

Ticker	Fund Name	Month	Amount	Change from Previous Distribution
BWG	BrandywineGLOBAL - Global Income Opportunities Fund Inc. (a)	December	$0.08000	-
		January	$0.08000
		February	$0.08000
SCD	LMP Capital and Income Fund Inc.(a)	December	$0.11300	-
		January	$0.11300
		February	$0.11300
EMD	Western Asset Emerging Markets Debt Fund Inc. (a)	December	$0.08750	$0.00300
		January	$0.08750
		February	$0.08750
(a) Please see table below for each Fund’s estimated source of distributions.

Under the terms of each Fund’s managed distribution policy, each Fund seeks to maintain a consistent distribution level derived from the income and capital gains generated from the Fund’s investment portfolio. To the extent that sufficient distributable income is not available on a monthly basis, each Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution rate. A return of capital may occur, for example, when some or all of the money that was invested in the Fund is paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income”. Even though the Fund may realize current year capital gains, such gains may be offset, in whole or in part, by the Fund’s capital loss carryovers from prior years. The Board of Directors may modify, terminate or suspend the managed distribution policy at any time. Any such modification, termination or suspension could have an adverse effect on the market price of the Fund’s shares.

Based on the Funds’ tax accounting records, which also factor in currency fluctuations, each Fund’s estimated source of cumulative fiscal year-to-date distributions is presented in the table below:

Fund	Fiscal Year End		Income		Short-Term Capital Gains		Long-Term Capital Gains		Return of Capital
BWG	Oct 31		67.43%		-		-		32.57%	(a)
SCD	Nov 30		21.15%		7.30%		30.86%		40.69%	(a)
EMD	Dec 31		71.01%		-		-		28.99%	(b)

(a)	Sources of cumulative fiscal year-to-date distributions are estimated through February 28, 2025.
(b)	Sources of cumulative fiscal year-to-date distributions are estimated through December 31, 2024. The sources of distributions for the two months ended February 28, 2025 are estimated to be 73.29% from income and 26.71% from return of capital.

The updated estimated components of the distributions announced today will be provided to shareholders of record in a separate notice when the distributions are paid.

Shareholders should not draw any conclusions about each Fund’s investment performance from the amount of these distributions or from the terms of each Fund’s managed distribution policy. The amounts and sources of each Fund’s distributions to be reported will be estimates and will not be provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund’s distributions for federal income tax purposes.

Franklin Templeton Fund Adviser, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).

For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Funds’ 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 Funds.

The Funds’ common shares are traded on the New York Stock Exchange. Similar to stocks, Fund share price will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor’s risk of loss. All investments are subject to risk, including the risk of loss.

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Category: Distribution Related

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

View source version on businesswire.com: https://www.businesswire.com/news/home/20241119873454/en/

Investor Contact: Fund Investor Services 1-888-777-0102

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds

FAQ

What is the distribution amount for BWG stock in December 2024?

BWG (BrandywineGLOBAL - Global Income Opportunities Fund) will distribute $0.08000 per share in December 2024.

When is the December 2024 distribution payment date for BWG?

The December 2024 distribution for BWG will be paid on December 31, 2024.

What percentage of BWG's distributions comes from income in the current fiscal year?

67.43% of BWG's fiscal year-to-date distributions come from income sources.

Will BWG's distribution amount change between December 2024 and February 2025?

No, BWG's distribution amount will remain constant at $0.08000 per share for December 2024, January 2025, and February 2025.