Western Asset Emerging Markets Debt Fund Inc. Reports Earnings Results for the Half Year Ended June 30, 2019
August 28, 2019 at 06:05 am
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Western Asset Emerging Markets Debt Fund Inc. announced earnings results for the half year ended June 30, 2019. For the half year, the company announced total revenue was USD 46.620 million compared to USD 0 a year ago. Net income was USD 123.692 million compared to USD 0 a year ago.
Western Asset Emerging Markets Debt Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to seek high current income and its secondary objective is to seek capital appreciation. It invests primarily in United States (U.S.) dollar and non-U.S. dollar denominated debt securities of issuers in emerging market countries. Under normal market conditions, the Fund invests at least 80% of its managed assets in debt securities of issuers in emerging market countries. The Fund may invest up to 20% of its managed assets in non-debt securities and non-emerging market issuers, including equity securities. It may invest in securities denominated in currencies of emerging market countries. The Fund seeks to maintain an average portfolio duration between 20% above and 20% below the average duration of the JPMorgan Emerging Markets Bond Index Global Diversified. Its investment manager is Legg Mason Partners Fund Advisor, LLC.
WESTERN ASSET EMERGING MARKETS DEBT FUND INC. 
