Western Asset Emerging Markets Debt Fund Inc. Announces Financial Position as of September 30, 2013

Business Wire

NEW YORK--(BUSINESS WIRE)--

Western Asset Emerging Markets Debt Fund Inc. (ESD) today announced the financial position of the Fund as of September 30, 2013.

     
Current Q Previous Q Prior Yr Q
September 30, 2013 June 30, 2013 September 30, 2012
Total Assets (a) $ 645,171,537 $ 657,500,367 $ 684,684,051
Total Net Assets (a) $ 601,489,077 $ 610,252,310 $ 683,780,415
NAV Per Share of Common Stock (b) $ 19.53 $ 19.82 $ 22.24
Market Price Per Share $ 17.94 $ 18.41 $ 21.99
Premium / (Discount) (8.14 )% (7.11 )% (1.12 )%
Outstanding Shares 30,794,143 30,794,143 30,748,225
 
Total Net Investment Income (c) $ 8,664,085 $ 8,655,183 $ 8,718,512
Total Net Realized/Unrealized Gain/(Loss) (c) $ (6,341,445 ) $ (54,955,359 ) $ 32,039,716  
Net Increase (Decrease) in Net Assets From Operations (c) $ 2,322,640   $ (46,300,176 ) $ 40,758,228  
 

Earnings per Common Share Outstanding

Total Net Investment Income (c) $ 0.28 $ 0.28 $ 0.29
Total Net Realized/Unrealized Gain/(Loss) (c) $ (0.21 ) $ (1.78 ) $ 1.04  
Net Increase (Decrease) in Net Assets From Operations (c) $ 0.07   $ (1.50 ) $ 1.33  
 
Undistributed/(Overdistributed) Net Investment Income (d) $ 12,867,018 $ 15,205,287 $ 10,489,168
Undistributed/(Overdistributed) Net Investment Income
Per Share (d) $ 0.42 $ 0.49 $ 0.34
 
Loan Outstanding (d) $ 39,950,000 $ 39,950,000 N/A
 

Footnotes:

(a)  

The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings; total net assets do not include borrowings. The Fund did not have any borrowings outstanding as of September 30, 2012.

(b) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
(c) For the quarter indicated.
(d) As of the date indicated above.
 

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Emerging Markets Debt Fund Inc., a non-diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc. and is sub-advised by Western Asset Management Company, an affiliate of the investment manager.

For more information, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

Contact:
Media:
Legg Mason, Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com

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