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EMD · Western Asset Emerging Markets Debt Fund Inc.

Know the company

Company overview

Western Asset Emerging Markets Debt Fund lends through bonds from emerging-market governments and companies. Interest supports shareholder cash, while sovereign finances, local currencies and access to global funding influence capital value.

Business
Credit and multi-sector income funds
Listing
EMD · XNYS
Reporting period
2026-06-30
Dividend schedule
Monthly

How the business works

Coupon payments feed net investment income after fund costs. A country or company can still face refinancing strain, and bond-price or currency moves can shift NAV separately from income.

Western Asset Emerging Markets Debt Fund Inc.: financial report supporting reported earnings

Dividend & earnings snapshot

Reported earnings

Each measure shown separately, per share

Net investment income$0.39

Jan 1, 2026 to Jun 30, 2026

Distribution yield11.21%Sourced distributions divided by dated market price
Reported annual income yield7.81%Reported net investment income $0.8300 per share for 2025-01-01 to 2025-12-31, divided by approved 2025-12-31 market price $10.6300. Excludes capital gains; historical, not a current yield or forecast.
Annual dividend$1.14Current regular payment annualized per share
Dividend payment dates

Each announced payment is shown separately. Extra payments are not assumed to repeat.

Reported earnings and sources

Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.

Reporting periodEarnings measurePer shareSource
Jan 1, 2026 to Jun 30, 2026Net investment income$0.39Company report 1
Announced Aug 25, 2026

Market price and NAV per share

Reviewed USD market closes or SEC-reported prices matched to NAV dates. A different price date or split adjustment is shown in the label.

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting periodEnding NAVNAV changeDistributions / shareReported NAV total returnSource
Jan 1, 2026 to Jun 30, 2026$11.14-0.89%$0.57+4.29%EMD financial highlights in the SEC shareholder report for 2026-06-30. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Jan 1, 2025 to Dec 31, 2025$11.24+5.94%$1.11+17.50%EMD financial highlights in the SEC shareholder report for 2026-06-30. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Jan 1, 2024 to Dec 31, 2024$10.61+0.38%$1.02+10.43%EMD financial highlights in the SEC shareholder report for 2026-06-30. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Jan 1, 2023 to Dec 31, 2023$10.57+3.22%$0.92+13.10%EMD financial highlights in the SEC shareholder report for 2026-06-30. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Jan 1, 2022 to Dec 31, 2022$10.24-25.31%$1.01-17.86%EMD financial highlights in the SEC shareholder report for 2026-06-30. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

Distribution and NAV evidence

Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable. Net investment income excludes investment gains and is not a payout-coverage ratio.

Reporting period and filingNet investment income/shareCash distributions/shareOpening NAVClosing NAVNAV changeReported NAV total return
2022-01-01 to 2022-12-31 $0.75 $1.01 $13.71 $10.24 -25.31% -17.86%
2023-01-01 to 2023-12-31 $0.72 $0.92 $10.24 $10.57 3.22% 13.10%
2024-01-01 to 2024-12-31 $0.82 $1.02 $10.57 $10.61 0.38% 10.43%
2025-01-01 to 2025-12-31 $0.83 $1.11 $10.61 $11.24 5.94% 17.50%
2026-01-01 to 2026-06-30 $0.39 $0.57 $11.24 $11.14 -0.89% 4.29%

Risk monitor

RiskCurrent conditionDirectionWhy it matters
Portfolio riskLosses or weaker cash generation in bond and loan companies can reduce the resources available for future distributions.MonitorA change can affect future shareholder cash payments or the capital supporting them.
Leverage and financingThe current data service reports effective leverage of 27.15%. Financing magnifies gains and losses, and borrowing costs reduce income available to common shareholders.MonitorA change can affect future shareholder cash payments or the capital supporting them.

The assets behind the earnings

How EMD makes money

Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Compare results for the reporting periods shown. Historical results are not a forecast.

The assets it owns

$633.622 million net assets266 holdings · As of 7/31/2026

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

Western Asset Emerging Markets Debt Fund Inc.: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2026-01-01 through 2026-06-30 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$0.3900

For the first half of 2026, EMD reported $0.39 of net investment income per common share and $0.57 of common distributions. Income covered much of the payment, with the remaining difference requiring investment-result context.

Western Asset Emerging Markets Debt Fund Inc.: financial report supporting reported earnings

The income-producing business

Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

Western Asset Emerging Markets Debt Fund Inc.: financial report supporting reported earnings

What the reported earnings support

Western Asset Emerging Markets Debt Fund Inc. reported $0.3900 per share for 2026-01-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

Western Asset Emerging Markets Debt Fund Inc.: financial report supporting reported earnings

What would change the earnings picture?

Read the next same-period income and cash figures with sovereign credit, currency exposure and NAV.

Net asset value (NAV)

NAV per share$10.3900Sep 29, 2026
Market price$9.5200Sep 29, 2026
PREMIUM / DISCOUNT TO NAV8.37% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Current evidence and recent developments

  • Regular distribution screen: 11.21% on 2026-09-11.
  • Reported net investment income per common share: $0.39 for 2026-01-01 through 2026-06-30; not annualized.

What to watch next

  • Read the next same-period income and cash figures with sovereign credit, currency exposure and NAV.

Fly High context

Read the next same-period income and cash figures with sovereign credit, currency exposure and NAV.

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U.S. federal · Tax year 2025

Dividend tax treatment

The fund's 2025 breakdown shows mainly ordinary dividends and return of capital. The mix can change from year to year.

This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.

Total ordinary dividends
69.37%
Qualified dividends
Not confirmed
Capital-gain distributions
0%
Return of capital
30.63%

Tax year: 2025. Total distributions: $1.11 per share.

Tax details and source
Total ordinary dividends (includes qualified)
69.37%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

Public Research updated October 9, 2026 5:34 am

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