Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) (the “Fund”) Announces Portfolio Management Team Update

Rhea-AI Summary

Western Asset Emerging Markets Debt Fund (NYSE: EMD) has announced changes to its portfolio management team, effective January 10, 2025. The new team responsible for day-to-day fund oversight will consist of Michael Buchanan, Gordon Brown, Prashant Chandran, Christopher Kilpatrick, and Rafael Zielonka.

The Fund trades on the New York Stock Exchange, and like other closed-end funds, its shares may trade at a discount to net asset value and are subject to market fluctuations. Investors can access additional information through Fund Investor Services or the Franklin Templeton website, though website content is not considered part of this announcement. Complete audited financial statements are available free upon request.

NEW YORK--(BUSINESS WIRE)-- Effective January 10, 2025, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:

• Michael Buchanan
• Gordon Brown
• Prashant Chandran
• Christopher Kilpatrick
• Rafael Zielonka

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 Fund.

For more information about the Fund, please call Fund Investor Services: 1-888-777-0102, or consult the Fund’s web site at www.franklintempleton.com/investments/options/closed-end-funds. The information contained on the Fund’s web site is not part of this press release. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

The Fund’s shares are traded on the New York Stock Exchange. Similar to stocks, Fund share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor’s risk of loss. All investments are subject to risk, including the risk of loss.

About Western Asset

Western Asset is one of the world’s leading fixed-income managers with 50 years of experience and $324.1 billion in assets under management (AUM) as of November 30, 2024. With a focus on long-term fundamental value investing that employs a top-down and bottom-up approach, the firm has nine offices around the globe and deep experience across the range of fixed income sectors. Founded in 1971, Western Asset has been recognized for delivering superior levels of client service alongside its approach emphasizing team management and intensive proprietary research, supported by robust risk management. To learn more about Western Asset, please visit www.westernasset.com.

Western Asset is an independent specialist investment manager of Franklin Templeton.

About Franklin Templeton

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and approximately $1.6 trillion in assets under management as of December 31, 2024. For more information, please visit franklintempleton.com and follow us on LinkedIn, X and Facebook.

Category: Fund Announcement

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

View source version on businesswire.com: https://www.businesswire.com/news/home/20250110959685/en/

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

Media Contact: Lisa Tibbitts

+1 (904) 942-4451

Lisa.Tibbitts@franklintempleton.com

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

FAQ

When will the new portfolio management team take over EMD Fund management?

The new portfolio management team will assume day-to-day oversight of the EMD Fund effective January 10, 2025.

Who are the new portfolio managers for Western Asset EMD Fund?

The new portfolio management team consists of Michael Buchanan, Gordon Brown, Prashant Chandran, Christopher Kilpatrick, and Rafael Zielonka.

How can investors get more information about the EMD Fund?

Investors can contact Fund Investor Services at 1-888-777-0102 or visit the Franklin Templeton website for more information.

What are the trading characteristics of EMD Fund shares?

EMD Fund shares trade on the NYSE and, like stocks, their prices fluctuate with market conditions. They may trade at a discount to their net asset value, which can increase investor risk.

How can investors access EMD Fund's financial statements?

Hard copies of the Fund's complete audited financial statements are available free of charge upon request.