Western Asset Mortgage Defined Opportunity Fund Inc. Announces Unaudited Earnings Results for the Quarter Ended of September 30, 2017
November 10, 2017 at 08:00 am EST
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Western Asset Mortgage Defined Opportunity Fund Inc. announced unaudited earnings results for the quarter ended of September 30, 2017. For the quarter, the company reported total net investment income of $5,196,302 or $0.50 per share against $5,053,085 or $0.48 per share a year ago. NAV per share of common stock was $21.93 against $21.97 a year ago. Total net realized/unrealized gain was $5,665,685 $0.54 per share against $8,953,743 $0.86 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. 
