Western Asset Emerging Markets Debt Fund Inc. Announces Financial Position as of September 30, 2020
November 25 2020 - 8:00AM
Business Wire
Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) today
announced the financial position of the Fund as of September 30,
2020.
Current Q Previous Q Prior Yr Q September
30, 2020 June 30, 2020 September 30, 2019 Total
Assets (a)
$ 1,253,425,432
$ 1,243,661,262
$ 1,347,788,097
Total Net Assets (a)
$ 875,302,639
$ 869,743,018
$ 939,209,760
NAV Per Share of Common Stock (b)
$ 14.41
$ 14.32
$ 15.46
Market Price Per Share
$ 12.32
$ 12.32
$ 13.89
Premium / (Discount)
(14.50)%
(13.97)%
(10.16)%
Outstanding Shares
60,746,012
60,746,012
60,746,012
Total Net Investment Income (c)
$ 13,009,437
$ 13,748,376
$ 17,882,716
Total Net Realized/Unrealized Gain/(Loss) (c)
$ 10,470,258
$ 115,831,565
$ (41,005,944)
Net Increase (Decrease) in Net Assets From Operations (c)
$ 23,479,695
$ 129,579,941
$ (23,123,228)
Earnings per Common Share
Outstanding Total Net Investment Income (c)
$ 0.21
$ 0.23
$ 0.29
Total Net Realized/Unrealized Gain/(Loss) (c)
$ 0.17
$ 1.91
$ (0.68)
Net Increase (Decrease) in Net Assets From Operations (c)
$ 0.38
$ 2.14
$ (0.39)
Undistributed/(Overdistributed) Net Investment Income (d)
$ (14,587,273)
$ (9,676,636)
$ (5,420,331)
Undistributed/(Overdistributed) Net Investment Income Per Share (d)
$ (0.24)
$ (0.16)
$ (0.09)
Loan Outstanding (d)
$ 295,000,000
$ 295,000,000
$ 295,000,000
Reverse Repurchase Agreements (d)
$ 66,828,858
$ 54,177,985
$ 100,524,221
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 period indicated
above.
This financial data is unaudited.
The Fund files its semi-annual and annual
reports with the Securities and Exchange Commission (“SEC”), as
well as its complete schedule of portfolio holdings for the first
and third quarters of each fiscal year as an exhibit to its reports
on Form N-PORT. These reports are available on the SEC’s website at
www.sec.gov. To obtain information on Forms N-PORT or a semi-annual
or annual report from the Fund, shareholders can call
1-888-777-0102.
On July 31, 2020, Franklin Resources, Inc. (“Franklin
Resources”) acquired Legg Mason, Inc. (“Legg Mason”) in an all-cash
transaction. As a result of the transaction, Legg Mason Partners
Fund Advisor, LLC, previously a wholly-owned subsidiary of Legg
Mason, became a wholly-owned subsidiary of Franklin Resources.
Western Asset Emerging Markets Debt Fund Inc., a
non-diversified, closed-end management investment company, is
managed by Legg Mason Partners Fund Advisor, LLC (“LMPFA”), a
wholly-owned subsidiary of Franklin Resources and is sub-advised by
Western Asset Management Company, LLC (“Western Asset”), 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. Franklin Resources and its affiliates
do not engage in selling shares of the Fund.
Category: Financials
Source: Franklin Templeton
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201125005496/en/
Investor Contact: Fund Investor Services
1-888-777-0102
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