Western Asset Mortgage Defined Opportunity Fund Inc. : Announces Financial Position as of March 31, 2019
May 22, 2019 at 08:31 am EDT
Share
Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE: DMO) today
announced the financial position of the Fund as of March 31, 2019.
Current Q
Previous Q
Prior Yr Q
March 31, 2019
December 31, 2018
March 31, 2018
Total Assets (a)
$
303,447,082
$
317,408,686
$
327,701,892
Total Net Assets (a)
$
203,079,269
$
201,949,400
$
223,069,595
NAV Per Share of Common Stock (b)
$
19.37
$
19.28
$
21.33
Market Price Per Share
$
20.75
$
20.39
$
24.43
Premium / (Discount)
7.12
%
5.76
%
14.53
%
Outstanding Shares
10,483,575
10,472,397
10,460,013
Total Net Investment Income (c)
$
4,066,609
$
3,965,785
$
4,435,483
Total Net Realized/Unrealized Gain/(Loss) (c)
$
2,342,543
$
(2,750,368
)
$
3,025,234
Net Increase/(Decrease) in Net Assets From Operations (c)
$
6,409,152
$
1,215,417
$
7,460,717
Earnings per Common Share Outstanding
Total Net Investment Income (c)
$
0.39
$
0.38
$
0.42
Total Net Realized/Unrealized Gain/(Loss) (c)
$
0.22
$
(0.26
)
$
0.29
Net Increase/(Decrease) in Net Assets From Operations (c)
$
0.61
$
0.12
$
0.71
Undistributed/(Overdistributed) Net Investment Income (d)
$
(2,970,421
)
$
(1,534,448
)
$
9,256,403
Undistributed/(Overdistributed) Net Investment
Income Per Share (d)
$
(0.28
)
$
(0.15
)
$
0.88
Loan Outstanding (d)
$
98,000,000
$
99,250,000
$
101,750,000
Footnotes:
(a)
The difference between total assets and total net assets is due
primarily to the Fund’s use of borrowings;
total net assets do not include borrowings.
(b)
NAVs are calculated as of the close of business on the last business
day in the periods indicated above.
(c)
For the quarter indicated.
(d)
As of the period indicated above.
This financial data is unaudited.
The Fund files its semi-annual and annual reports
with the Securities and Exchange Commission (“SEC”), as well as its
complete schedule of portfolio holdings for the first and third quarters
of each fiscal year as an exhibit to its reports on Form N-PORT.
Previously, the Fund filed a complete schedule of portfolio holdings
with the SEC for the first and third quarters of each fiscal year on
Form N-Q. These reports are available on the SEC’s website at www.sec.gov.
To obtain information on Forms N-PORT and N-Q or a semi-annual or annual
report from the Fund, shareholders can call 1-888-777-0102.
Western Asset Mortgage Defined Opportunity Fund Inc., a non-diversified,
limited term, closed-end management investment company, is managed by
Legg Mason Partners Fund Advisor, LLC (“LMPFA”), a wholly-owned
subsidiary of Legg Mason, Inc. (“Legg Mason”) and is sub-advised by
Western Asset Management Company (“Western Asset”), an affiliate of the
investment manager.
For more information about the Fund, please call 1-888-777-0102 or
consult the Fund’s web site at www.lmcef.com.
Hard copies of the Fund’s complete audited financial statements are
available free of charge upon request.
Data and commentary provided in this press release are for informational
purposes only. Legg Mason and its affiliates do not engage in selling
shares of the Fund.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190522005138/en/
Western Asset Mortgage Opportunity Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fundâs primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing primarily in a diverse portfolio of mortgage-backed securities and mortgage whole loans. Investments in mortgage-backed securities consist primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities. The Fundâs investments in mortgage whole loans under normal circumstances will not exceed 20% of its managed assets. The Fund also may invest in other permitted investments, including cash and cash equivalents; Treasury securities; non-mortgage related asset-backed securities (ABS) backed by various asset classes. Legg Mason Partners Fund Advisor, LLC is the investment manager of the Fund.