Western Asset Mortgage Defined Opportunity Fund Inc. : Announces Financial Position as of September 30, 2018
November 29, 2018 at 08:30 am EST
Share
Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE: DMO) today
announced the financial position of the Fund as of September 30, 2018.
Current Q
Previous Q
Prior Yr Q
September 30, 2018
June 30, 2018
September 30, 2017
Total Assets (a)
$
326,486,876
$
326,053,140
$
333,920,782
Total Net Assets (a)
$
221,943,632
$
221,539,888
$
229,143,537
NAV Per Share of Common Stock (b)
$
21.20
$
21.17
$
21.93
Market Price Per Share
$
23.00
$
23.04
$
25.57
Premium / (Discount)
8.49
%
8.83
%
16.60
%
Outstanding Shares
10,467,325
10,463,454
10,449,983
Total Net Investment Income (c)
$
4,537,590
$
4,290,745
$
4,278,938
†
Total Net Realized/Unrealized Gain/(Loss) (c)
$
1,749,301
$
376,805
$
6,583,049
†
Net Increase/(Decrease) in Net Assets From Operations (c)
$
6,286,891
$
4,667,550
$
10,861,987
Earnings per Common Share Outstanding
Total Net Investment Income (c)
$
0.43
$
0.41
$
0.41
†
Total Net Realized/Unrealized Gain/(Loss) (c)
$
0.17
$
0.04
$
0.63
†
Net Increase/(Decrease) in Net Assets From Operations (c)
$
0.60
$
0.45
$
1.04
Undistributed/(Overdistributed) Net Investment Income (d)
$
5,841,742
$
7,269,783
$
12,251,793
†
Undistributed/(Overdistributed) Net Investment
Income Per Share (d)
$
0.56
$
0.69
$
1.17
†
Loan Outstanding (d)
$
101,750,000
$
101,750,000
$
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.
†
Amount revised from the press release dated January 4, 2018.
This financial data is unaudited.
The Fund files its semi-annual and annual reports
with the Securities and Exchange Commission, as well as its complete
schedule of portfolio holdings for the first and third quarters of each
fiscal year on Form N-Q. These reports are
available on the Commission’s website at www.sec.gov.
To obtain information on Form 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, LLC (“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/20181129005046/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.