Western Asset Emerging Markets Debt Fund Inc. (EMD or “the Fund”; CUSIP: 95766A101) Announces Notification of Sources of Distributions
October 03 2022 - 8:00AM
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
October 3, 2022, and for the fiscal year 2022 year-to-date are as
follows:
Estimated Allocations for September Monthly Distribution as of
August 31, 2022:
Distribution
Net Investment
Net Realized
Net Realized
Return of
Per Share
Income
Short-Term Capital
Long-Term Capital
Capital
Gains
Gains
$0.0800
$0.0604
$0.0000
$0.0000
$0.0196
100%
76%
0%
0%
24%
Cumulative Estimated Allocations fiscal year-to-date as of
August 31, 2022, for the fiscal year ending December 31, 2022:
Distribution
Net Investment
Net Realized
Net Realized
Return of
Per Share
Income
Short-Term Capital
Long-Term Capital
Capital
Gains
Gains
$0.6900
$0.5211
$0.0000
$0.0000
$0.1689
100%
76%
0%
0%
24%
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
Annualized
Cumulative Total
Cumulative Fiscal
Return (in relation to
Distribution Rate (as a
Return (in relation
Year-To-Date
the change in net asset
percentage of NAV as
to the change in
Distribution Rate (as
value (NAV) for the 5-
of 8/31/2022)2
NAV for the fiscal
a percentage of NAV
year period ended on
8/31/2022)1
period through 8/31/2022)3
as of 8/31/2022)4
-3.42%
9.48%
-21.36%
6.81%
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 August 31, 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 August 31, 2022.
3
Cumulative Total Return is the
percentage change in the Fund’s NAV from December 31, 2021 through
August 31, 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 August 31, 2022, as
a percentage of the Fund’s NAV as of August 31, 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
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