other
confidence low
sentiment neutral
materiality 0.10
Western Asset Emerging Markets Debt Fund adopts Fourth Amended and Restated Bylaws effective Nov 15, 2024
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
- Amended bylaws include updated procedures for stockholder-requested special meetings; threshold requires at least majority of voting power.
- Advance notice deadline for stockholder proposals at annual meeting: between 150 and 120 days before anniversary of prior proxy statement.
- New provisions require detailed disclosures on beneficial ownership, hedging, and derivatives from nominating stockholders.
- Special meetings requested by stockholders must be held within 90 days of record date; cost reimbursement required.
- Bylaws also clarify remote meeting capabilities and notice by electronic transmission.