Western Asset Emerging Markets Debt Fund Inc. Announces Financial Position as of September 30, 2016

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NEW YORK--(BUSINESS WIRE)--

Western Asset Emerging Markets Debt Fund Inc. EMD today announced the financial position of the Fund as of September 30, 2016.

      Current Q       Previous Q       Current Q
September 30, 2016 June 30, 2016 September 30, 2015
Total Assets (a) $ 712,061,483 $ 697,936,893 $ 607,358,261
Total Net Assets (a) $ 559,575,995 $ 542,929,320 $ 504,949,643
NAV Per Share of Common Stock (b) $ 18.17 $ 17.63 $ 16.40
Market Price Per Share $ 16.26 $ 15.38 $ 13.32
Premium / (Discount) (10.51)% (12.76)% (18.78)%
Outstanding Shares 30,794,142 30,794,143 30,794,143
 
Total Net Investment Income (c) $ 9,155,300 $ 9,557,576 $ 8,466,638
Total Net Realized/Unrealized Gain/(Loss) (c) $ 17,191,530 $ 25,765,995 $ (37,642,307)
Net Increase (Decrease) in Net Assets From Operations (c) $ 26,346,830 $ 35,323,571 $ (29,175,669)
 

Earnings per Common Share Outstanding

Total Net Investment Income (c) $ 0.30 $ 0.31 $ 0.27
Total Net Realized/Unrealized Gain/(Loss) (c) $ 0.56 $ 0.84 $ (1.22)
Net Increase (Decrease) in Net Assets From Operations (c) $ 0.86 $ 1.15 $ (0.95)
 
Undistributed/(Overdistributed) Net Investment Income (d) $ (10,128,227) $ (9,583,372) $ (3,917,808)
Undistributed/(Overdistributed) Net Investment Income
Per Share (d) $ (0.33) $ (0.31) $ (0.13)
 
Loan Outstanding (d) $ 150,000,000 $ 150,000,000 $ 101,780,000
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.
(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.
* At the close of business on December 16, 2016, Western Asset Emerging Markets Debt Fund Inc. ESD completed the mergers of Western Asset Emerging Markets Income Fund Inc. (previously NYSE: EMD) with and into ESD and Western Asset Worldwide Income Fund Inc. (previously NYSE: SBW) with and into ESD. Additionally, Western Asset Emerging Markets Debt Fund Inc. changed its NYSE ticker symbol from ESD to the ticker symbol EMD. Financial data above is not presented on a pro forma basis - excludes amounts from Western Asset Emerging Markets Income Fund Inc. and Western Asset Worldwide Income Fund Inc.

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 about the Fund, please call 1-888-777-0102 or consult the Fund's web site at www.lmcef.com. Hard copies of the Fund's complete audited financial statements are available free of charge upon request.

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.

Western Asset Emerging Markets Debt Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com

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