STOCK TITAN

Western Asset Emerging Markets Debt Fund, Inc - EMD STOCK NEWS

Welcome to our dedicated page for Western Asset Emerging Markets Debt Fund news (Ticker: EMD), a resource for investors and traders seeking the latest updates and insights on Western Asset Emerging Markets Debt Fund stock.

Western Asset Emerging Markets Debt Fund, Inc. (Symbol: EMD) is a non-diversified closed-end management investment company with a primary focus on delivering high current income and a secondary aim of achieving capital appreciation. Managed under the umbrella of Franklin Templeton and previously Legg Mason, this fund leverages the expertise and resources from two of the most respected names in the investment world.

Western Asset Emerging Markets Debt Fund, Inc. dedicates its efforts to investing in debt securities within emerging markets, encompassing various countries and sectors. The company's disciplined investment strategy is designed to identify high-yield opportunities while managing risks effectively. This approach ensures potential growth and income for its investors.

Recent achievements include strategic investments and partnerships that enhance the fund's portfolio stability and growth potential. The fund managers continuously monitor global economic trends to adjust their investment strategies accordingly, ensuring that the fund remains resilient and capable of capitalizing on market opportunities.

Investors can expect detailed and current updates on the fund's performance, new projects, and other significant developments. For the latest news and insights, follow the @FranklinTempleton company page on LinkedIn. This integration promises a streamlined flow of information and a unified approach to fund management, benefiting from the combined strengths of Franklin Templeton and Legg Mason.

Latest News: Stay tuned with the most recent updates from Franklin Resources, Inc. and Legg Mason Closed End Funds.

Rhea-AI Summary

Western Asset Emerging Markets Debt Fund Inc. [NYSE: EMD] announced its October distribution of $0.0845 per share, comprising 67.51% from net investment income and 32.49% from return of capital. For fiscal year 2024 to date, the Fund has distributed $0.7605 per share, with 66.71% from net investment income and 33.29% from return of capital. The Fund's five-year average annual total return through September 30, 2024, was 1.62%, with an annualized distribution rate of 9.34%. The Fund maintains a managed distribution policy to deliver long-term total return potential through monthly distributions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
Tags
none
-
Rhea-AI Summary

Western Asset Emerging Markets Debt Fund (NYSE: EMD) announced the results of its annual stockholders' meeting held on October 18, 2024. Carol L. Colman, Daniel P. Cronin, and Paolo M. Cucchi were elected as Class I Directors to serve until 2027. Stockholders also ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accountants for the fiscal year ending December 31, 2024. The Fund is a non-diversified closed-end management investment company managed by Franklin Templeton Fund Adviser, and subadvised by Western Asset Management Company, and its affiliates.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
Tags
none
-
Rhea-AI Summary

Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) has announced its distribution details for October 1, 2024, and fiscal year 2024. The Fund's estimated sources of distribution include:

- September monthly distribution: $0.0845 per share
- 66.73% from net investment income
- 33.27% return of capital

For the fiscal year-to-date:

- Total distribution: $0.6760 per share
- 66.61% from net investment income
- 33.39% return of capital

The Fund's performance metrics as of August 31, 2024, include:

- 5-year average annual total return: 1.14%
- Annualized distribution rate: 9.49%
- Cumulative total return (fiscal period): 7.78%
- Cumulative fiscal year-to-date distribution rate: 6.33%

EMD has a managed distribution policy aiming to deliver long-term total return potential through regular monthly distributions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
none
Rhea-AI Summary

Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) has announced its distribution details for September 3, 2024, and fiscal year 2024. The Fund's August monthly distribution of $0.0845 per share comprises 77.66% from net investment income and 22.34% from return of capital. For the fiscal year-to-date, the cumulative distribution of $0.5915 per share consists of 74.40% net investment income and 25.60% return of capital.

The Fund's performance metrics show an average annual total return of -0.10% over the past 5 years, an annualized distribution rate of 9.65%, and a cumulative total return of 5.23% for the current fiscal period. EMD operates under a managed distribution policy, aiming to deliver long-term total return potential through regular monthly distributions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
Tags
none
-
Rhea-AI Summary

Franklin Templeton Fund Adviser, has announced distributions for certain closed-end funds for September, October, and November 2024. The funds include BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG), LMP Capital and Income Fund Inc. (SCD), and Western Asset Emerging Markets Debt Fund Inc. (EMD). BWG will distribute $0.08000 per share each month.

The distributions are part of the funds' managed distribution policy, aiming to maintain consistent distribution levels from income, capital gains, and potentially return of capital. For BWG, the estimated source of distributions for the fiscal year-to-date is 55.04% from income and 44.96% from return of capital. Shareholders are advised not to draw conclusions about fund performance from these distributions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
none
-
Rhea-AI Summary

Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) has announced its distribution sources for August 1, 2024, and the fiscal year 2024 to date. The Fund's July monthly distribution of $0.0845 per share comprises 66.24% from net investment income and 33.76% from return of capital. For the fiscal year-to-date, the cumulative distribution of $0.5070 per share follows the same allocation pattern.

The Fund's performance metrics show an average annual total return of -0.27% over the past 5 years, an annualized distribution rate of 9.78%, and a cumulative total return of 2.99% for the current fiscal period. EMD operates under a managed distribution policy, aiming to deliver long-term total return potential through regular monthly distributions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Western Asset Emerging Markets Debt Fund (EMD) has announced the sources of its distributions for the fiscal year 2024. The distribution to be paid on July 1, 2024, includes $0.0845 per share, comprising 67.21% net investment income and 32.79% return of capital. Cumulative distributions for the fiscal year-to-date total $0.4225 per share with similar allocations.

The fund has distributed more than its income and net realized capital gains, resulting in a return of capital, which should not be confused with yield or income. The actual amounts will be detailed in the Form 1099-DIV for tax purposes.

Performance metrics include a 0.72% average annual total return over five years, a 9.70% annualized distribution rate, a 2.95% cumulative total return, and a 4.04% cumulative fiscal year-to-date distribution rate. The Board may alter the distribution policy, potentially impacting the share price.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
none
-
Rhea-AI Summary

The Western Asset Emerging Markets Debt Fund (NYSE: EMD) has updated its portfolio management team, effective June 3, 2024. The new team will include Michael Buchanan, Gordon Brown, Mark Hughes, and Kevin Ritter. Chia-Liang (CL) Lian will step down as a portfolio manager on the same date. This change aims to enhance the fund's performance and ensure effective management. The fund's shares are traded on the New York Stock Exchange and are susceptible to market fluctuations, potentially trading at a discount to net asset value, which can increase investment risk.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.53%
Tags
none
-
Rhea-AI Summary

Western Asset Emerging Markets Debt Fund (EMD) announced the estimated sources of its distributions for June 3, 2024, and the fiscal year-to-date. The distribution per share for May 2024 is $0.0845, with 61.67% from net investment income and 38.33% from the return of capital. For the fiscal year-to-date, the distribution per share is $0.3380, with the same allocation percentages. The Fund cautions investors not to draw conclusions about its performance based on these distributions. The average annual total return over five years is 0.33%, with an annualized distribution rate of 9.82%. The cumulative total return for the fiscal year is 0.96%, and the cumulative fiscal year-to-date distribution rate is 3.27%. A portion of the distributions may be a return of capital, which reduces the shareholder's tax basis in the shares.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
none
Rhea-AI Summary

Western Asset Emerging Markets Debt Fund (NYSE: EMD) announced its financial position as of March 31, 2024. Total assets increased to $881.2 million from $872.3 million in the prior quarter. The total net assets rose to $622.2 million, while the NAV per share improved to $10.65. The market price per share also increased to $9.61, reducing the discount to NAV to 9.77%. The fund reported total net investment income of $11 million and a net increase in net assets from operations of $19.4 million. However, there was an overdistribution of net investment income amounting to $12.6 million. Outstanding shares remained steady at 58.4 million. The loan outstanding stayed consistent at $250 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.37%
Tags
none

FAQ

What is the current stock price of Western Asset Emerging Markets Debt Fund (EMD)?

The current stock price of Western Asset Emerging Markets Debt Fund (EMD) is $9.87 as of November 7, 2024.

What is the market cap of Western Asset Emerging Markets Debt Fund (EMD)?

The market cap of Western Asset Emerging Markets Debt Fund (EMD) is approximately 576.3M.

What is the primary objective of Western Asset Emerging Markets Debt Fund, Inc.?

The fund's primary objective is to seek high current income.

What is the secondary objective of the fund?

The secondary objective is to seek capital appreciation.

What type of fund is Western Asset Emerging Markets Debt Fund, Inc.?

It is a non-diversified closed-end management investment company.

Which firm manages the Western Asset Emerging Markets Debt Fund, Inc.?

The fund is managed under Franklin Templeton, previously associated with Legg Mason.

Where does the fund invest?

The fund primarily invests in debt securities within emerging markets.

How does the fund manage its investments?

The fund uses a disciplined investment strategy to identify high-yield opportunities while managing risks.

How can investors stay updated with the latest news?

Investors can follow the @FranklinTempleton company page on LinkedIn for the latest updates and insights.

What recent achievements has the fund made?

Recent achievements include strategic investments and partnerships that enhance portfolio stability and growth potential.

Where can I find the latest news about the fund?

The latest news can be found through updates from Franklin Resources, Inc. and Legg Mason Closed End Funds.

What benefits does the integration with Franklin Templeton bring?

The integration brings a streamlined flow of information and a unified approach to fund management, leveraging the strengths of both companies.

Western Asset Emerging Markets Debt Fund, Inc

NYSE:EMD

EMD Rankings

EMD Stock Data

576.25M
59.39M
52.8%
0.08%
Asset Management
Financial Services
Link
United States of America
New York