Company: EMD
Filing Date: 2025-02-27
Form Type: N-CSR
Source: 0001133228-25-001572
Chunk: 57

Company: WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
Filing Date: 2025-02-27
Form: N-CSR
Chunk 57
---
 the designated research analyst or portfolio
manager. The examples outlined below are meant as guidelines to aid in the decision making process.

Situations can arise in which more than one Western
Asset client invests in instruments of the same issuer or in which a single client may invest in instruments of the same issuer but in
multiple accounts or strategies. Multiple clients or the same client in multiple accounts or strategies may have different investment
objectives, investment styles, or investment professionals involved in making decisions. While there may be differences, votes are always
cast in the best interests of the client and the investment objectives agreed with Western Asset. As a result, there may be circumstances
where Western Asset casts different votes on behalf of different clients or on behalf of the same client with multiple accounts or strategies.

Guidelines are grouped according to the types of proposals generally
presented to shareholders. Part I deals with proposals which have been approved and are recommended by a company’s board of directors;
Part II deals with proposals submitted by shareholders for inclusion in proxy statements; Part III addresses issues relating to voting
shares of investment companies; and Part IV addresses unique considerations pertaining to foreign issuers.

| I. | Board              
 Approved Proposals |

The vast majority of matters presented to shareholders
for a vote involve proposals made by a company itself that have been approved and recommended by its board of directors. In view of the
enhanced corporate governance practices currently being implemented in public companies, Western Asset generally votes in support of
decisions reached by independent boards of directors. More specific guidelines related to certain board-approved proposals are as follows:

| 1. | Matters                            
 relating to the Board of Directors |

Western Asset votes proxies for the election of the company’s
nominees for directors and for board-approved proposals on other matters relating to the board of directors with the following exceptions:

| a. | Votes                                                                                               
 are withheld for the entire board of directors if the board does not have a majority of independent 
 directors or the board does not have nominating, audit and compensation committees composed         
 solely of independent directors.                                                                    |

| b. | Votes                                                                                            
 are withheld for any nominee for director who is considered an independent director by the       
 company and who has received compensation from the company other than for service as a director. |

| c. | Votes                                                                                      
 are withheld for any nominee for director who attends less than 75% of board and committee 
 meetings without valid reasons for absences.                                               |

| d. | Votes                                                                 
 are cast on a case-by