Western Asset Emerging Markets Debt Fund Inc. Announces Financial Position as of September 30, 2017

NEW YORK--()--Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD*) today announced the financial position of the Fund as of September 30, 2017.

       
Current Q Previous Q Prior Yr Q
September 30, 2017 June 30, 2017 September 30, 2016
Total Assets (a) $ 1,462,906,395 $ 1,456,090,567 $ 712,061,483
Total Net Assets (a) $ 1,082,608,097 $ 1,066,232,801 $ 559,575,995
NAV Per Share of Common Stock (b) $ 17.82 $ 17.55 $ 18.17
Market Price Per Share $ 15.74 $ 15.57 $ 16.26
Premium / (Discount) (11.67)% (11.28)% (10.51)%
Outstanding Shares 60,746,012 60,746,012 ** 30,794,143
 
Total Net Investment Income (c) $ 18,720,144 $ 17,083,559 $ 9,155,300
Total Net Realized/Unrealized Gain/(Loss) (c) $ 15,878,956 $ 1,232,950 $ 17,191,530
Net Increase (Decrease) in Net Assets From Operations (c) $ 34,599,100 $ 18,316,509 $ 26,346,830
 

Earnings per Common Share Outstanding

Total Net Investment Income (c) $ 0.31 $ 0.28 $ 0.30
Total Net Realized/Unrealized Gain/(Loss) (c) $ 0.26 $ 0.02 $ 0.56
Net Increase (Decrease) in Net Assets From Operations (c) $ 0.57 $ 0.30 $ 0.86
 
Undistributed/(Overdistributed) Net Investment Income (d) $ (5,765,069) $ (6,282,538) $ (10,128,227)
Undistributed/(Overdistributed) Net Investment Income
Per Share (d) $ (0.09) $ (0.10) $ (0.33)
 
Loan Outstanding (d) $ 295,000,000 $ 295,000,000 $ 150,000,000

Reverse Repurchase Agreements (d)

$ 77,450,951 $ 78,529,208 $ -
 
Footnotes:
(a)   The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings; total net assets do not include borrowings.
(b) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
(c) For the quarter indicated.
(d) As of the date indicated above.
* At the close of business on December 16, 2016, Western Asset Emerging Markets Debt Fund Inc. (NYSE: ESD) completed the mergers of Western Asset Emerging Markets Income Fund Inc. (previously NYSE: EMD) with and into ESD and Western Asset Worldwide Income Fund Inc. (previously NYSE: SBW) with and into ESD. Additionally, Western Asset Emerging Markets Debt Fund Inc. changed its NYSE ticker symbol from ESD to the ticker symbol EMD. Financial data above is not presented on a pro forma basis - excludes amounts from Western Asset Emerging Markets Income Fund Inc. and Western Asset Worldwide Income Fund Inc.
**

Shares outstanding increased by 29,951,869 due to the merger of Western Asset Worldwide Income Fund Inc. and Western Asset Emerging Markets Income Fund Inc. with and into Western Asset Emerging Markets Debt Fund Inc. as of the close of business on December 16, 2016.

 

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Emerging Markets Debt Fund Inc., a non-diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc. and is sub-advised by Western Asset Management Company, an affiliate of the investment manager.

For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

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Contacts

Media:
Legg Mason
Maria Rosati, 212-805-6036
mrosati@leggmason.com

Contacts

Media:
Legg Mason
Maria Rosati, 212-805-6036
mrosati@leggmason.com