Morgan Stanley Reports 6.5% Stake in EMD

Western Asset Emerging Markets Debt Fund Inc. ownership disclosure: Morgan Stanley and Morgan Stanley Smith Barney LLC report collective beneficial ownership of 6.5% of the issuer's common stock as of 03/31/2026.

Rhea-AI Filing Summary

Western Asset Emerging Markets Debt Fund Inc. ownership disclosure: Morgan Stanley and Morgan Stanley Smith Barney LLC report collective beneficial ownership of 6.5% of the issuer's common stock as of 03/31/2026. The filing lists shared dispositive power of 3,797,116 and 3,785,253 shares respectively and is submitted as Amendment No. 4 to a Schedule 13G/A.

Insights

Institutional Ownership Analyst

Passive investment disclosure: Morgan Stanley reports a 6.5% stake in EMD.

The Schedule 13G/A amendment states a 6.5% beneficial ownership percentage as of 03/31/2026. It attributes holdings to Morgan Stanley reporting units and shows shared dispositive power figures of 3,797,116 and 3,785,253 shares for two filing entities.

Holder activity appears reported as passive under the Schedule 13G framework; subsequent filings or proxy materials would provide updates to this position.

Securities Lawyer

The amendment clarifies reporting and attaches a joint filing agreement and Item 7 exhibit.

The filing includes Exhibit 99.1 (Joint Filing Agreement) and Exhibit 99.2 (Item 7 identification) and is signed by authorized signatories on 05/12/2026. It follows Release No. 34-39538 disclosure conventions for Morgan Stanley reporting units.

Compliance items are documented; readers should refer to the exhibits for subsidiary identification and any allocation between MS operating units.

Key Figures

Filing type: Schedule 13G/A Amendment No. 4 Beneficial ownership: 6.5 % Shared dispositive power (Morgan Stanley): 3,797,116 shares +3 more

6 metrics

Filing type Schedule 13G/A Amendment No. 4 cover information

Beneficial ownership 6.5 % percent of class as of 03/31/2026

Shared dispositive power (Morgan Stanley) 3,797,116 shares reported on cover page

Shared dispositive power (MS Smith Barney) 3,785,253 shares reported on cover page

As-of date 03/31/2026 statement near top of cover page

Signature dates 05/12/2026 signed by authorized signatories

Key Terms

Schedule 13G/A, beneficial ownership, shared dispositive power, MS Reporting Units

4 terms

Schedule 13G/A regulatory

"Amendment No. 4 and Schedule 13G/A references"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficial ownership financial

"Amount beneficially owned: See the response(s) to Item 9"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

shared dispositive power financial

"Shared Dispositive Power 3,797,116.00"

MS Reporting Units organizational

"securities beneficially owned by certain operating units (the "MS Reporting Units")"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Morgan Stanley report in EMD?

Morgan Stanley reports a 6.5% beneficial ownership stake in EMD. The Schedule 13G/A amendment cites the percentage tied to holdings as of 03/31/2026.

How many shares does Morgan Stanley report it can dispose of?

The filing lists shared dispositive power of 3,797,116 shares for one Morgan Stanley reporting unit. The other filing entity shows 3,785,253 shared dispositive shares in the amendment.

Does this Schedule 13G/A indicate active trading or passive ownership?

This filing is an amendment to a Schedule 13G, which typically reflects passive holdings. The amendment does not state active trading intentions within the provided excerpt.

What exhibits accompany this amendment?

The amendment attaches Exhibit 99.1 (Joint Filing Agreement) and Exhibit 99.2 (Item 7 subsidiary identification), as listed on the cover page of the filing.

When were the signatures dated on this amendment?

Authorized signatories executed the amendment on 05/12/2026, as shown next to the signatures for Morgan Stanley and Morgan Stanley Smith Barney LLC.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/12/2026 - 11:13 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

95766A101

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 95766A101

1

Names of Reporting Persons

Morgan Stanley

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 11,865.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,797,116.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,797,116.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP Number(s): 95766A101

1

Names of Reporting Persons

Morgan Stanley Smith Barney LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,785,253.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,785,253.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

BD, IA, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
(b)	Address of issuer's principal executive offices: 620 EIGHTH AVENUE, 47TH FLOOR, NEW YORK, NY, 10018
Item 2.
(a)	Name of person filing: 1: Morgan Stanley 2: Morgan Stanley Smith Barney LLC
(b)	Address or principal business office or, if none, residence: 1: 1585 Broadway, New York, NY 10036 ;2: 1585 Broadway, New York, NY 10036
(c)	Citizenship: 1: Delaware 2: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 95766A101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 6.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.2
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Morgan Stanley

Signature:	Claire Gordon
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	05/12/2026

Morgan Stanley Smith Barney LLC

Signature:	David Galasso
Name/Title:	Authorized Signatory, Morgan Stanley Smith Barney LLC
Date:	05/12/2026

Exhibit Information

EXHIBIT NO. EXHIBITS ------------------ ------------------------------------ 99.1 Joint Filing Agreement 99.2 Item 7 Information * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).