Western Asset Emerging Markets Debt Fund, Inc - EMD STOCK NEWS

Western Asset Emerging Markets Debt Fund (EMD) announced the estimated sources of its distributions for June 3, 2024, and the fiscal year-to-date. The distribution per share for May 2024 is $0.0845, with 61.67% from net investment income and 38.33% from the return of capital. For the fiscal year-to-date, the distribution per share is $0.3380, with the same allocation percentages. The Fund cautions investors not to draw conclusions about its performance based on these distributions. The average annual total return over five years is 0.33%, with an annualized distribution rate of 9.82%. The cumulative total return for the fiscal year is 0.96%, and the cumulative fiscal year-to-date distribution rate is 3.27%. A portion of the distributions may be a return of capital, which reduces the shareholder's tax basis in the shares.

Western Asset Emerging Markets Debt Fund (NYSE: EMD) announced its financial position as of March 31, 2024. Total assets increased to $881.2 million from $872.3 million in the prior quarter. The total net assets rose to $622.2 million, while the NAV per share improved to $10.65. The market price per share also increased to $9.61, reducing the discount to NAV to 9.77%. The fund reported total net investment income of $11 million and a net increase in net assets from operations of $19.4 million. However, there was an overdistribution of net investment income amounting to $12.6 million. Outstanding shares remained steady at 58.4 million. The loan outstanding stayed consistent at $250 million.

Franklin Templeton Fund Adviser announced distributions for several closed-end funds for June, July, and August 2024. Each fund, including BrandywineGLOBAL (BWG), LMP Capital and Income Fund (SCD), and Western Asset Emerging Markets Debt Fund (EMD), will distribute monthly payments. BWG will distribute $0.08000 per month, SCD $0.11300, and EMD $0.08450. The managed distribution policy aims to provide consistent payouts from income and capital gains. When insufficient income exists, funds may return capital to shareholders. Adjustments to this policy can impact fund share prices. The estimated fiscal distribution sources up to August 31, 2024, show varying proportions of income, capital gains, and return of capital for each fund. Shareholders will receive official tax reporting documentation through Form 1099-DIV.

Western Asset Emerging Markets Debt Fund Inc. (EMD) announces sources of distributions for May 1, 2024, and fiscal year 2024. The fund will distribute $0.0845 per share for April, with returns of capital making up 41.62% of the total distribution. Shareholders should not judge the fund's performance based on distributions alone. The fund may have distributed more than its income and capital gains. Actual tax reporting amounts may vary. The fund's performance metrics show a 5-year average annual total return of 0.77% and an annualized distribution rate of 9.52% as of March 31, 2024. The fund has a managed distribution policy that could affect market prices if suspended or terminated.

Western Asset Emerging Markets Debt Fund Inc. [NYSE: EMD] announces sources of distributions for April 1, 2024, with a breakdown of income, capital gains, and return of capital. The fund's estimated allocations for the March monthly distribution and fiscal year 2024 reveal a distribution per share of $0.0845, with net investment income accounting for 49.47% and return of capital making up 50.53%. Cumulative allocations for the fiscal year-to-date show a distribution per share of $0.1690, with a similar breakdown of income and return of capital.

Franklin Resources announces changes in the portfolio management team of the Fund effective March 1, 2024. The press release emphasizes that the data and commentary provided are for informational purposes only, and Franklin Resources and its affiliates do not sell shares of the Fund.

Western Asset Emerging Markets Debt Fund Inc. [NYSE: EMD] announces estimated sources of distributions for March 1, 2024, and fiscal year 2023. The distribution per share is $0.0845, with net investment income at 100%, net realized short-term capital gains at 19%, and return of capital at 81%. Shareholders are advised not to draw conclusions.

Franklin Templeton Fund Adviser, LLC declared distributions for March, April, and May 2024 for certain closed-end funds. The funds include BWG - BrandywineGLOBAL, SCD - LMP Capital and Income, and EMD - Western Asset Emerging Markets Debt. Each fund aims to maintain a consistent distribution level from income and capital gains. Shareholders may receive return of capital if income is insufficient. The funds' estimated sources of distributions and fiscal year-end breakdowns are provided.

Western Asset Emerging Markets Debt Fund Inc. [NYSE: EMD] has released a notification of sources of distributions for the fiscal year 2023. The estimated sources of the distribution to be paid on February 1, 2024, and for the fiscal year 2023 year-to-date are provided. The distribution per share, net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital are detailed, with cumulative estimated allocations for the fiscal year-to-date also included.