Company: EMD
Filing Date: 2025-02-27
Form Type: N-CSR
Source: 0001133228-25-001572
Chunk: 24

Company: WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
Filing Date: 2025-02-27
Form: N-CSR
Chunk 24
---
 on the first day of the next taxable year in the same character 
 as they were originallydeferred and will be available to offset future taxable capital gains.                       |
| (a) | Other book/tax temporary differences are attributable to the tax deferral of losses                                 
 on straddles, the realizationfor tax purposes of unrealized gains (losses) on futures, options and foreign currency 
 contracts and book/taxdifferences in the timing of the deductibility of various expenses.                           |
| (b) | The difference between book-basis and tax-basis unrealized appreciation (depreciation)                              
 is attributable to the taxdeferral of losses on wash sales, the difference between book and tax amortization        
 methods for premium onfixed income securities, book/tax differences in the accrual of interest income on            
 securities in default and otherbook/tax basis adjustments.                                                          |

10. Operating segments The Fund has adopted the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures . The update is limited to disclosure requirements and does not impact the Fund’s financial position or results of operations. The Fund operates as a single operating segment, which is an investment portfolio. The Fund’s Investment Manager serves as the Chief Operating Decision Maker (CODM), evaluating fund-wide results and performance under a unified investment strategy. The CODM uses these measures to assess fund performance and allocate resources effectively.

Western Asset Emerging Markets Debt Fund Inc. 2024 Annual Report 49

Notes to financial statements (cont’d)

Internal reporting provided to the CODM aligns with the accounting policies and measurement principles used in the financial statements. For information regarding segment assets, segment profit or loss, and significant expenses, refer to the Statement of assets and liabilities and the Statement of operations, along with the related Notes to the financial statements. The Fund’s portfolio holdings provide details of the Fund’s investments that generate returns such as interest, dividends, and realized and unrealized gains or losses. Performance metrics, including portfolio turnover and expense ratios, are disclosed in the Financial highlights.

50 Western Asset Emerging Markets Debt Fund Inc. 2024 Annual Report

Report of independent registered public accounting firm

To the Board of Directors and Shareholders of Western Asset Emerging Markets Debt Fund Inc. Opinion on the Financial Statements We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Western Asset Emerging Markets Debt Fund Inc.