Western Asset Emerging Markets Debt Fund Inc. Reports Unaudited Earnings Results for the Quarter Ended September 30, 2016
December 29, 2016 at 08:00 am
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Western Asset Emerging Markets Debt Fund Inc. reported unaudited earnings results for the quarter ended September 30, 2016. For the quarter, total net investment income was $9,155,300 or $0.30 per share against $8,466,638 or $0.27 per share a year ago. Total net realized/unrealized gain was $17,191,530 or $0.56 per share against loss of $37,642,307 or $1.22 per share a year ago. Net increase in net assets from operations was $26,346,830 or $0.86 per share against decrease of $29,175,669 or $0.95 per share a year ago. Undistributed net investment loss was $10,128,227 or $0.33 per share against $3,917,808 or $0.13 per share a year ago. NAV per share of common Stock as at September 30, 2016 was $18.17.
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. 
