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 announced its estimated sources of distributions for the fiscal year 2022, with a July monthly distribution of $0.0800 per share. As of June 30, 2022, the distribution allocations are detailed, highlighting net investment income at $0.0527 and a return of capital at $0.0273. The fund's average annual total return over five years is reported at -3.60%, while the annualized distribution rate stands at 9.69%. Shareholders are cautioned that part of the distribution may represent a return of capital, which does not reflect investment performance.

Positive

• Monthly distribution of $0.0800 per share announced.
• Annualized distribution rate of 9.69% based on NAV as of June 30, 2022.

Negative

• Average annual total return of -3.60% over the past five years.
• Cumulative total return of -24.29% for the fiscal year through June 30, 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 August 1, 2022 and for the fiscal year 2022 year-to-date are as follows:

Estimated Allocations for July Monthly Distribution as of June 30, 2022:

Distribution Per Share		Net Investment Income		Net Realized Short-Term Capital Gains		Net Realized Long-Term Capital Gains		Return of Capital
$0.0800		$0.0527		$0.0000		$0.0000		$0.0273
100%		66%		0%		0%		34%

Cumulative Estimated Allocations fiscal year-to-date as of June 30, 2022, for the fiscal year ending December 31, 2022:

Distribution Per Share		Net Investment Income		Net Realized Short-Term Capital Gains		Net Realized Long-Term Capital Gains		Return of Capital
$0.5300		$0.3493		$0.0000		$0.0000		$0.1807
100%		66%		0%		0%		34%

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 6/30/2022)1	Annualized Distribution Rate (as a percentage of NAV as of 6/30/2022)2	Cumulative Total Return (in relation to the change in NAV for the fiscal period through 6/30/2022)3	Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 6/30/2022)4
-3.60%	9.69%	-24.29%	5.35%

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 June 30, 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 June 30, 2022.
3. Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2021 through June 30, 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 June 30, 2022, as a percentage of the Fund’s NAV as of June 30, 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/20220801005327/en/

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

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

FAQ

What is the distribution per share for EMD in August 2022?

The distribution per share for EMD in August 2022 is $0.0800.

What percentage of EMD's distribution is from net investment income?

66% of EMD's distribution is from net investment income.

How is EMD's average annual total return calculated?

EMD's average annual total return is the compound average of annual NAV total returns for the five-year period ended June 30, 2022.

What does a return of capital mean for EMD shareholders?

A return of capital indicates that some or all of the investor's original investment is being returned and does not reflect investment performance.

What is the estimated cumulative total return for EMD as of June 30, 2022?

The estimated cumulative total return for EMD is -24.29% for the fiscal period through June 30, 2022.