Western Asset Emerging Markets Debt Fund Inc. Announces Distributions for the Months of January and February 2017, Payable on January 27, 2017 and February 24, 2017 Respectively
January 11, 2017 at 06:30 pm IST
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Western Asset Emerging Markets Debt Fund Inc. announced monthly distributions of $0.10500 per share for the months of January and February 2017, payable on January 27, 2017 and February 24, 2017 respectively. Ex-dividend dates are January 18, 2017 and February 15, 2017 and record dates are January 20, 2017 and February 17, 2017 respectively.
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. Announces Distributions for the Months of January and February 2017, Payable on January 27, 2017 and February 24, 2017 Respectively