Western Asset Mortgage Defined Opportunity Fund Inc. Announces Unaudited Earnings Results for the Quarter Ended March 31, 2018
May 22, 2018 at 08:30 am EDT
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Western Asset Mortgage Defined Opportunity Fund Inc. announced unaudited earnings results for the quarter ended March 31, 2018. For the quarter, the company reported total net investment income of $4,435,483 or $0.42 per share against $4,035,897 or $0.39 per share a year ago. NAV per share of common stock was $21.33 against $21.02 a year ago. Total net realized/unrealized gain was $3,025,234 against $6,624,414 a year ago. Net increase in net assets from operations was $7,460,717 or $0.71 per share against $10,660,311 or $1.02 per share a year ago.
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.
WESTERN ASSET MORTGAGE OPPORTUNITY FUND INC. 
