Western Asset Emerging Markets Debt Fund Inc. (EMD or “the Fund”; CUSIP: 95766A101) Announces Notification of Sources of Distributions
Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) has announced its distribution sources for August 1, 2024, and the fiscal year 2024 to date. The Fund's July monthly distribution of $0.0845 per share comprises 66.24% from net investment income and 33.76% from return of capital. For the fiscal year-to-date, the cumulative distribution of $0.5070 per share follows the same allocation pattern.
The Fund's performance metrics show an average annual total return of -0.27% over the past 5 years, an annualized distribution rate of 9.78%, and a cumulative total return of 2.99% for the current fiscal period. EMD operates under a managed distribution policy, aiming to deliver long-term total return potential through regular monthly distributions.
Il Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) ha annunciato le sue fonti di distribuzione per il 1° agosto 2024 e per l'anno fiscale 2024 fino ad oggi. La distribuzione mensile di luglio del Fondo di $0.0845 per azione è composta per il 66,24% da reddito netto da investimenti e per il 33,76% da restituzione di capitale. Per l'anno fiscale fino ad oggi, la distribuzione cumulativa di $0.5070 per azione segue lo stesso schema di allocazione.
I parametri di performance del Fondo mostrano un ritorno totale medio annuale del -0,27% negli ultimi 5 anni, un tasso di distribuzione annualizzato del 9,78% e un ritorno totale cumulativo del 2,99% per l'attuale periodo fiscale. L'EMD opera secondo una politica di distribuzione gestita, puntando a offrire un potenziale di ritorno totale a lungo termine attraverso distribuzioni mensili regolari.
Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) ha anunciado sus fuentes de distribución para el 1 de agosto de 2024 y para el año fiscal 2024 hasta la fecha. La distribución mensual de julio del Fondo de $0.0845 por acción se compone en un 66.24% de ingresos netos por inversiones y un 33.76% de retorno de capital. Para el año fiscal hasta la fecha, la distribución acumulativa de $0.5070 por acción sigue el mismo patrón de asignación.
Los indicadores de desempeño del Fondo muestran un retorno total promedio anual de -0.27% en los últimos 5 años, una tasa de distribución anualizada del 9.78% y un retorno total acumulado del 2.99% para el período fiscal actual. EMD opera bajo una política de distribución gestionada, buscando ofrecer un potencial de retorno total a largo plazo a través de distribuciones mensuales regulares.
웨스턴 애셋 이머징 마켓 채무 펀드 주식회사 (NYSE: EMD)는 2024년 8월 1일 및 2024 회계연도 오늘까지의 분배 출처를 발표했습니다. 펀드의 7월 월별 분배금은 주당 $0.0845로, 66.24%는 순투자 소득에서, 33.76%는 자본 환급에서 발생합니다. 회계연도까지 누적 분배금은 주당 $0.5070로 같은 배분 패턴을 따릅니다.
펀드의 성과 지표는 지난 5년 동안 연평균 총 수익률 -0.27%을 기록했으며, 연환산 배당률 9.78%과 현재 회계 기간 동안의 누적 총 수익률 2.99%을 보입니다. EMD는 정기적인 월별 배분을 통해 장기적인 총 수익 잠재력을 제공하는 것을 목표로 하는 관리된 분배 정책 하에 운영됩니다.
Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) a annoncé ses sources de distribution pour le 1er août 2024 et l'exercice fiscal 2024 jusqu'à présent. La distribution mensuelle de juillet du Fonds de $0.0845 par action se compose de 66,24 % de revenus nets d'investissement et de 33,76 % de retour de capital. Pour l'exercice fiscal jusqu'à présent, la distribution cumulative de $0.5070 par action suit le même schéma d'allocation.
Les indicateurs de performance du Fonds montrent un rendement total annuel moyen de -0,27 % au cours des 5 dernières années, un taux de distribution annualisé de 9,78 % et un rendement total cumulé de 2,99 % pour la période fiscale en cours. L'EMD fonctionne selon une politique de distribution gérée, visant à offrir un potentiel de rendement total à long terme grâce à des distributions mensuelles régulières.
Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) hat seine Verteilungsquellen für den 1. August 2024 sowie für das bis heute laufende Geschäftsjahr 2024 bekannt gegeben. Die monatliche Verteilung des Fonds im Juli von $0.0845 pro Aktie setzt sich zu 66,24% aus nettem Investitionsertrag und zu 33,76% aus Kapitalrückfluss zusammen. Für das laufende Geschäftsjahr beträgt die kumulierte Verteilung $0.5070 pro Aktie und folgt dem gleichen Verteilungsschema.
Die Leistungskennzahlen des Fonds zeigen eine durschnittliche jährliche Gesamtverzinsung von -0,27% in den letzten 5 Jahren, eine annualisierte Ausschüttungsquote von 9,78% und eine kumulative Gesamtrendite von 2,99% für den aktuellen Geschäftzeitraum. EMD arbeitet unter einer verwalteten Ausschüttungspolitik, die darauf abzielt, das Potenzial für langfristige Gesamtrenditen durch regelmäßige monatliche Ausschüttungen zu liefern.
- High annualized distribution rate of 9.78% as of June 30, 2024
- Positive cumulative total return of 2.99% for the fiscal period through June 30, 2024
- 66.24% of distributions sourced from net investment income, indicating strong income generation
- Negative average annual total return of -0.27% over the 5-year period ended June 30, 2024
- 33.76% of distributions classified as return of capital, potentially eroding shareholder investment
- No capital gains distributions, suggesting lack of profitable asset sales
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 August 1, 2024, and for the fiscal year 2024 year-to-date are as follows:
Estimated Allocations for the July Monthly Distribution as of June 30, 2024:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Estimated Allocations fiscal year-to-date as of June 30, 2024, for the fiscal year ending December 31, 2024:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 Return (in relation to the change in net asset value (NAV) for the 5- year period ended on 6/30/2024)1 |
Annualized Distribution Rate (as a percentage of NAV as of 6/30/2024)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 6/30/2024)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 6/30/2024)4 |
- |
|
|
|
Fund Performance and Distribution Rate Information:
- 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 June 30, 2024. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
- The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of June 30, 2024.
- Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2023 through June 30, 2024, assuming reinvestment of distributions paid.
- The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period December 31, 2023 through June 30, 2024, as a percentage of the Fund’s NAV as of June 30, 2024.
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/20240801656520/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What is the July 2024 monthly distribution amount for Western Asset Emerging Markets Debt Fund (EMD)?
How much of EMD's distribution is sourced from net investment income for fiscal year 2024?
What is the annualized distribution rate for EMD as of June 30, 2024?
What is EMD's average annual total return for the 5-year period ended June 30, 2024?
