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) announced the estimated sources of its monthly distribution scheduled for October 3, 2022. The distribution totals $0.0800 per share, with 76% attributed to net investment income. As of August 31, 2022, cumulative distributions for the fiscal year-to-date are $0.6900 per share. The Fund emphasizes that distributions may include a return of capital, which does not reflect investment performance. The managed distribution policy aims to provide consistent returns. Shareholders should be aware of potential capital return implications.

Positive

• Monthly distribution of $0.0800 per share.
• 76% of the distribution is derived from net investment income.

Negative

• Distributions may include a return of capital, implying that part of the distribution may not result from income or gains.
• Cumulative total return is -21.36% as of August 31, 2022.

NEW YORK--(BUSINESS WIRE)-- Western Asset Emerging Markets Debt Fund Inc. [NYSE: EMD]

Notification of Sources of Distributions
Pursuant to Section 19(a) of the Investment Company Act of 1940

The Fund’s estimated sources of the distribution to be paid on October 3, 2022, and for the fiscal year 2022 year-to-date are as follows:

Estimated Allocations for September Monthly Distribution as of August 31, 2022:

Distribution		Net Investment		Net Realized		Net Realized		Return of
Per Share		Income		Short-Term Capital		Long-Term Capital		Capital
				Gains		Gains
$0.0800		$0.0604		$0.0000		$0.0000		$0.0196
100%		76%		0%		0%		24%

Cumulative Estimated Allocations fiscal year-to-date as of August 31, 2022, for the fiscal year ending December 31, 2022:

Distribution		Net Investment		Net Realized		Net Realized		Return of
Per Share		Income		Short-Term Capital		Long-Term Capital		Capital
				Gains		Gains
$0.6900		$0.5211		$0.0000		$0.0000		$0.1689
100%		76%		0%		0%		24%

Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution or from the terms of the Plan. EMD estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the EMD distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect EMD’s investment performance and should not be confused with ‘yield’ or ‘income’. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The 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.

Average Annual Total	Annualized	Cumulative Total	Cumulative Fiscal
Return (in relation to	Distribution Rate (as a	Return (in relation	Year-To-Date
the change in net asset	percentage of NAV as	to the change in	Distribution Rate (as
value (NAV) for the 5-	of 8/31/2022)2	NAV for the fiscal	a percentage of NAV
year period ended on 8/31/2022)1		period through 8/31/2022)3	as of 8/31/2022)4
-3.42%	9.48%	-21.36%	6.81%

Fund Performance and Distribution Rate Information:

1		Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through August 31, 2022. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
2		The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of August 31, 2022.
3		Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2021 through August 31, 2022, assuming reinvestment of distributions paid.
4		The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period December 31, 2021 through August 31, 2022, as a percentage of the Fund’s NAV as of August 31, 2022.

This Fund has a managed distribution policy that seeks to deliver the Fund’s long-term total return potential through regular monthly distributions declared at a fixed rate per common share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Shareholders should note, however, that if a Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. The Board of Directors of the Fund may terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund’s shares.

For further information on Western Asset Emerging Markets Debt Fund Inc., please visit our web site at: www.franklintempleton.com/investments/options/closed-end-funds

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.

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/20221003005445/en/

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

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

FAQ

What is the upcoming distribution date for EMD?

The upcoming distribution date for Western Asset Emerging Markets Debt Fund Inc. (EMD) is October 3, 2022.

What is the amount of the EMD distribution?

Western Asset Emerging Markets Debt Fund Inc. (EMD) has announced a distribution of $0.0800 per share.

How much of the EMD distribution comes from net investment income?

76% of the EMD distribution comes from net investment income.

What are the cumulative distributions for EMD for the fiscal year-to-date?

Cumulative distributions for EMD as of August 31, 2022, are $0.6900 per share.

What is the impact of return of capital in EMD distributions?

The return of capital in EMD distributions implies that part of the distribution may be returned to shareholders from their investment, rather than being derived from gains or income.