Western Asset Emerging Markets Debt Fund

EMD

Market cap $602M

NEW YORK--(BUSINESS WIRE)--Category: Financials.

BOULDER, Colo.--(BUSINESS WIRE)--Gloo (Nasdaq: GLOO), a leading technology platform serving the faith and flourishing ecosystem, today announced it has completed the acquisition of EnterpriseMarketdesk (EMD), an established Workday Services Partner providing consulting, implementation, and support services to nonprofit and mid-market organizations. The transaction, which was announced on April 14, brings a comprehensive suite of AI-enabled Workday services and expertise onto the Gloo platform.

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

Western Asset Emerging Markets Debt Fund (EMD) is rated a hold due to its higher-than-average price to NAV and macro headwinds. EMD offers an 11.3% dividend yield, with improved coverage and income generation exceeding distributions, supporting payout sustainability for the next year. The fund's aggressive 27.24% leverage and 51.8% allocation to below investment grade debt heighten risk in a high-rate, volatile environment.

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

Emerging market bonds currently offer the second-highest yields in the market, behind variable rate senior loans. Western Asset Emerging Markets Debt Fund Inc focuses on these securities, sports a strong 10.2% distribution yield, and has seen solid distribution growth and performance for several years. Risks abound for EMD.

Western Asset Emerging Markets Debt Fund is rated a hold due to limited appeal at current valuations and inconsistent dividend coverage. EMD's 10.7% yield is attractive, but payout sustainability is questionable as distributions often exceed net investment income. Leverage at 24.5% and high exposure to below-investment-grade debt heighten risk, especially in a high-rate environment.

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

NEW YORK--(BUSINESS WIRE)--Category: Financials.

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.