Western Asset Emerging Markets Debt Fund Inc. Reports Unaudited Earnings Results for the Quarter Ended March 31, 2016
July 07, 2016 at 08:00 am
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Western Asset Emerging Markets Debt Fund Inc. reported unaudited earnings results for the quarter ended March 31, 2016. For the quarter, total net investment income was $7,847,320 or $0.25 per share against $8,156,261 or $0.26 per share a year ago. Total net realized/unrealized gain was $15,091,102 or $0.49 per share against loss of $1,027,563 or $0.03 per share a year ago. Net increase in net assets from operations was $22,938,422 or $0.74 per share against $7,128,698 or $0.23 per share a year ago. NAV per share of common Stock as at March 31, 2016 was $16.80 against $18.04 per share as at March 31, 2015.
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. 
