Western Asset Emerging Markets Debt Fund Inc. Announces Change in Duration Policy

Jul 22, 2020

Western Asset Emerging Markets Debt Fund Inc. (NYSE: EMD) (the “Fund”) announced today that the Board of Directors of the Fund has approved a change to the Fund’s policy on duration. Effective today, the Fund will seek to maintain an average portfolio duration between 20% above and 20% below the average duration of the JPMorgan Emerging Markets Bond Index Global Diversified, the Fund’s benchmark. The Fund’s prior duration policy was to maintain an average portfolio duration within one to nine years, based on management’s forecast for interest rates. Fund management believes this policy change provides appropriate flexibility when managing portfolio duration.

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