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

Welcome to our dedicated page for Western Asset Emerging Markets Debt Fund news (Ticker: EMD), a resource for investors and traders seeking the latest updates and insights on Western Asset Emerging Markets Debt Fund stock.

Western Asset Emerging Markets Debt Fund, Inc. (Symbol: EMD) is a non-diversified closed-end management investment company with a primary focus on delivering high current income and a secondary aim of achieving capital appreciation. Managed under the umbrella of Franklin Templeton and previously Legg Mason, this fund leverages the expertise and resources from two of the most respected names in the investment world.

Western Asset Emerging Markets Debt Fund, Inc. dedicates its efforts to investing in debt securities within emerging markets, encompassing various countries and sectors. The company's disciplined investment strategy is designed to identify high-yield opportunities while managing risks effectively. This approach ensures potential growth and income for its investors.

Recent achievements include strategic investments and partnerships that enhance the fund's portfolio stability and growth potential. The fund managers continuously monitor global economic trends to adjust their investment strategies accordingly, ensuring that the fund remains resilient and capable of capitalizing on market opportunities.

Investors can expect detailed and current updates on the fund's performance, new projects, and other significant developments. For the latest news and insights, follow the @FranklinTempleton company page on LinkedIn. This integration promises a streamlined flow of information and a unified approach to fund management, benefiting from the combined strengths of Franklin Templeton and Legg Mason.

Latest News: Stay tuned with the most recent updates from Franklin Resources, Inc. and Legg Mason Closed End Funds.

News

Franklin Templeton Closed-End Funds Announce Share Repurchases for the Fourth Quarter of 2023

Rhea-AI Summary
During the fourth quarter of 2023, several funds announced their share repurchase activity, including Western Asset Emerging Markets Debt Fund Inc. (EMD) with 949,123 shares repurchased. Share repurchases aim to enhance shareholder value by buying shares at a discount to the fund's net asset value. The difference between the purchase price and NAV results in incremental accretion to the Fund’s NAV for all shareholders.
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Western Asset Emerging Markets Debt Fund Inc. (EMD or “the Fund”; CUSIP: 95766A101) Announces Notification of Sources of Distributions

Rhea-AI Summary
Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) has released a notification of sources of distributions pursuant to Section 19(a) of the Investment Company Act of 1940. The estimated sources of the distribution to be paid on December 29, 2023, and for the fiscal year 2023 year-to-date are provided. The estimated allocations for the December monthly distribution as of November 30, 2023, and the cumulative estimated allocations fiscal year-to-date as of November 30, 2023, are also detailed.
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Western Asset Emerging Markets Debt Fund Inc. (EMD or “the Fund”; CUSIP: 95766A101) Announces Notification of Sources of Distributions

Rhea-AI Summary
Western Asset Emerging Markets Debt Fund Inc. (EMD) has announced the estimated sources of the distribution to be paid on December 1, 2023, and for the fiscal year 2023 year-to-date. The distribution per share, net investment income, net realized short-term and long-term capital gains, and return of capital have been detailed, providing shareholders with a clear understanding of the fund's financial performance.
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Western Asset Emerging Markets Debt Fund Inc. Announces Financial Position as of September 30, 2023

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Western Asset Emerging Markets Debt Fund Inc. (EMD) announced its financial position as of September 30, 2023. Total assets were $830,651,101, with total net assets at $573,435,283. NAV per share of common stock was $9.65, and market price per share was $8.30. The fund reported a net decrease in net assets from operations of $14,815,249.
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Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribution Policy for the Months of December 2023, January and February 2024

Rhea-AI Summary
Legg Mason Partners Fund Advisor, LLC: Closed End Funds Declare Distributions for December 2023, January and February 2024. The distributions are part of the managed distribution policy aiming to maintain consistent distribution levels from income and capital gains. The funds' estimated sources of distributions and potential impacts on market price are detailed.
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Western Asset Emerging Markets Debt Fund Inc. (EMD or “the Fund”; CUSIP: 95766A101) Announces Notification of Sources of Distributions

Rhea-AI Summary
Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) has released a notification of sources of distributions. The estimated allocations for the October monthly distribution as of September 30, 2023, include $0.0845 per share of distribution, with 100% coming from return of capital. For the fiscal year-to-date as of September 30, 2023, the cumulative estimated allocations are $0.6645 per share, with 47.54% coming from return of capital.
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Franklin Templeton Closed-End Funds Announce Share Repurchases for the Third Quarter of 2023

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Funds Announce Share Repurchase Activity in Q3 2023
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Western Asset Emerging Markets Debt Fund Inc. (EMD or “the Fund”; CUSIP: 95766A101) Announces Notification of Sources of Distributions

Rhea-AI Summary
Western Asset Emerging Markets Debt Fund Inc. (EMD) announces estimated sources of distribution for October 2, 2023, and fiscal year 2023. Return of capital distribution may occur. Average annual total return is 0.07% for the 5-year period. Annualized distribution rate is 10.07% as of August 31, 2023. Cumulative total return is 4.13% for the fiscal period through August 31, 2023. Cumulative fiscal year-to-date distribution rate is 5.76% as of August 31, 2023.
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Western Asset Emerging Markets Debt Fund Inc. (EMD or “the Fund”; CUSIP: 95766A101) Announces Notification of Sources of Distributions

Rhea-AI Summary
EMD estimated sources of distribution for September 1, 2023, are $0.0700 per share with 100% return of capital. Cumulative estimated allocations for fiscal year 2023 are $0.5100 per share with 100% return of capital. Shareholders should not draw conclusions about investment performance. Average annual total return is -0.25% for the 5-year period. Annualized distribution rate is 8.12%. Cumulative total return is 6.18% for the fiscal period. Cumulative fiscal year-to-date distribution rate is 4.93%.
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Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to Their Managed Distribution Policy for the Months of September, October and November 2023

Rhea-AI Summary
Legg Mason Partners Fund Advisor, LLC has declared distributions for September, October, and November 2023. The distribution schedule and amounts are provided. The funds aim to maintain a consistent distribution level derived from income and capital gains. If sufficient income is not available, long-term capital gains and/or return of capital will be distributed. The estimated source of distributions for each fund is also presented.
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FAQ

What is the current stock price of Western Asset Emerging Markets Debt Fund (EMD)?

The current stock price of Western Asset Emerging Markets Debt Fund (EMD) is $9.88 as of December 20, 2024.

What is the market cap of Western Asset Emerging Markets Debt Fund (EMD)?

The market cap of Western Asset Emerging Markets Debt Fund (EMD) is approximately 577.4M.

What is the primary objective of Western Asset Emerging Markets Debt Fund, Inc.?

The fund's primary objective is to seek high current income.

What is the secondary objective of the fund?

The secondary objective is to seek capital appreciation.

What type of fund is Western Asset Emerging Markets Debt Fund, Inc.?

It is a non-diversified closed-end management investment company.

Which firm manages the Western Asset Emerging Markets Debt Fund, Inc.?

The fund is managed under Franklin Templeton, previously associated with Legg Mason.

Where does the fund invest?

The fund primarily invests in debt securities within emerging markets.

How does the fund manage its investments?

The fund uses a disciplined investment strategy to identify high-yield opportunities while managing risks.

How can investors stay updated with the latest news?

Investors can follow the @FranklinTempleton company page on LinkedIn for the latest updates and insights.

What recent achievements has the fund made?

Recent achievements include strategic investments and partnerships that enhance portfolio stability and growth potential.

Where can I find the latest news about the fund?

The latest news can be found through updates from Franklin Resources, Inc. and Legg Mason Closed End Funds.

What benefits does the integration with Franklin Templeton bring?

The integration brings a streamlined flow of information and a unified approach to fund management, leveraging the strengths of both companies.

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Western Asset Emerging Markets Debt Fund, Inc

NYSE:EMD

EMD Rankings

#2984 Ranked by Market Cap
#170 Ranked by Dividends

EMD Stock Data

577.42M
58.44M
52.82%
0.04%
Asset Management
Financial Services
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United States of America
New York