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. (EMD) has announced its March 2025 distribution details and fiscal year-to-date allocations. The Fund declared a monthly distribution of $0.0875 per share, with 70.46% coming from net investment income and 29.54% from return of capital.
For the fiscal year-to-date as of February 28, 2025, the cumulative distribution is $0.1750 per share, comprising 74.39% from net investment income and 25.61% from return of capital. The Fund's performance metrics show a 1.47% average annual total return over the five-year period, with a 10.03% annualized distribution rate and a 3.27% cumulative total return for the fiscal period through February 28, 2025.
Western Asset Emerging Markets Debt Fund Inc. (EMD) ha annunciato i dettagli della distribuzione di marzo 2025 e le allocazioni dall'inizio dell'anno fiscale. Il Fondo ha dichiarato una distribuzione mensile di $0.0875 per azione, con il 70,46% proveniente da reddito da investimenti netti e il 29,54% da restituzione di capitale.
Per l'anno fiscale fino al 28 febbraio 2025, la distribuzione cumulativa è di $0.1750 per azione, composta dal 74,39% da reddito da investimenti netti e dal 25,61% da restituzione di capitale. Le metriche di performance del Fondo mostrano un 1,47% di rendimento totale medio annuo nel periodo di cinque anni, con un 10,03% di tasso di distribuzione annualizzato e un 3,27% di rendimento totale cumulativo per il periodo fiscale fino al 28 febbraio 2025.
Western Asset Emerging Markets Debt Fund Inc. (EMD) ha anunciado los detalles de distribución de marzo de 2025 y las asignaciones desde el inicio del año fiscal. El Fondo declaró una distribución mensual de $0.0875 por acción, con un 70.46% proveniente de ingresos netos por inversiones y un 29.54% de devolución de capital.
Para el año fiscal hasta el 28 de febrero de 2025, la distribución acumulativa es de $0.1750 por acción, compuesta por un 74.39% de ingresos netos por inversiones y un 25.61% de devolución de capital. Las métricas de rendimiento del Fondo muestran un 1.47% de rendimiento total promedio anual en el período de cinco años, con un 10.03% de tasa de distribución anualizada y un 3.27% de rendimiento total acumulado para el período fiscal hasta el 28 de febrero de 2025.
Western Asset Emerging Markets Debt Fund Inc. (EMD)는 2025년 3월 배당금 세부 사항과 회계 연도 기준 배분을 발표했습니다. 이 펀드는 주당 $0.0875의 월 배당금을 선언했으며, 70.46%는 순투자소득에서, 29.54%는 자본환원에서 발생했습니다.
2025년 2월 28일 기준 회계 연도까지 누적 배당금은 주당 $0.1750이며, 74.39%는 순투자소득에서, 25.61%는 자본환원에서 발생했습니다. 펀드의 성과 지표는 5년 동안 연평균 총 수익률 1.47%을 나타내며, 연환산 배당률 10.03%과 누적 총 수익률 3.27%을 2025년 2월 28일까지의 회계 기간 동안 보여줍니다.
Western Asset Emerging Markets Debt Fund Inc. (EMD) a annoncé les détails de sa distribution de mars 2025 et les allocations depuis le début de l'année fiscale. Le Fonds a déclaré une distribution mensuelle de 0,0875 $ par action, dont 70,46 % proviennent des revenus nets d'investissement et 29,54 % du retour de capital.
Pour l'année fiscale en cours jusqu'au 28 février 2025, la distribution cumulée est de 0,1750 $ par action, dont 74,39 % proviennent des revenus nets d'investissement et 25,61 % du retour de capital. Les indicateurs de performance du Fonds montrent un rendement total moyen annuel de 1,47 % sur une période de cinq ans, avec un taux de distribution annualisé de 10,03 % et un rendement total cumulé de 3,27 % pour la période fiscale jusqu'au 28 février 2025.
Western Asset Emerging Markets Debt Fund Inc. (EMD) hat die Verteilungsdetails für März 2025 und die Zuweisungen seit Beginn des Geschäftsjahres bekannt gegeben. Der Fonds erklärte eine monatliche Ausschüttung von 0,0875 $ pro Aktie, wobei 70,46 % aus Nettoanlageerträgen und 29,54 % aus Kapitalrückzahlungen stammen.
Für das bis zum 28. Februar 2025 laufende Geschäftsjahr beträgt die kumulierte Ausschüttung 0,1750 $ pro Aktie, bestehend aus 74,39 % aus Nettoanlageerträgen und 25,61 % aus Kapitalrückzahlungen. Die Leistungskennzahlen des Fonds zeigen eine jährliche Gesamtrendite von 1,47 % im Durchschnitt über einen Zeitraum von fünf Jahren, mit einer annualisierten Ausschüttungsquote von 10,03 % und einer kumulierten Gesamtrendite von 3,27 % für den Geschäftsjahreszeitraum bis zum 28. Februar 2025.
- 10.03% annualized distribution rate provides attractive yield
- 74.39% of year-to-date distributions come from net investment income
- 3.27% cumulative total return for the current fiscal period
- Low 1.47% average annual total return over 5-year period
- 29.54% of current distribution represents return of capital, not actual earnings
- Fund is distributing more than its income and realized capital gains
Insights
Western Asset Emerging Markets Debt Fund's (EMD) latest distribution announcement reveals significant insights for income-focused investors. The fund's
This return of capital component is particularly important for investors to understand. While maintaining the fund's high
The fund's performance metrics tell a nuanced story. Its modest
EMD's managed distribution policy prioritizes payment consistency, which benefits income-dependent investors. However, the substantial return of capital component suggests potential challenges in generating sufficient income from the fund's emerging market debt holdings to fully cover these distributions. If this pattern continues without improved investment performance, it could gradually erode the fund's asset base.
For tax-conscious investors, it's worth noting that return of capital distributions typically aren't immediately taxable but do reduce your cost basis, potentially affecting capital gains taxes upon eventual sale.
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 April 1, 2025, and for the fiscal year 2025 year-to-date are as follows:
Estimated Allocations for the March Monthly Distribution as of February 28, 2025:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
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Cumulative Estimated Allocations fiscal year-to-date as of February 28, 2025, for the fiscal year ending December 31, 2025:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
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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 2/28/2025)1 |
Annualized Distribution Rate (as a percentage of NAV as of 2/28/2025)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 2/28/2025)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 2/28/2025)4 |
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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 February 28, 2025. 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 February 28, 2025.
- Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2024 through February 28, 2025, 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, 2024 through February 28, 2025, as a percentage of the Fund’s NAV as of February 28, 2025.
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/20250401156692/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What is EMD's current monthly distribution amount per share?
How much of EMD's current distribution comes from net investment income?
What is EMD's 5-year average annual total return as of February 2025?
What is EMD's current annualized distribution rate?
How much of EMD's distribution is considered return of capital?
