Western Asset Mortgage Defined Opportunity Fund Inc. Announces Unaudited Earnings Results for the Quarter Ended March 31, 2016
July 07, 2016 at 08:00 am EDT
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Western Asset Mortgage Defined Opportunity Fund Inc. announced unaudited earnings results for the quarter ended March 31, 2016. For the quarter, the company reported total net investment income was $4,699,068 or $0.45 per share compared with $6,304,364 or $0.61 per share a year ago. Total net realized/unrealized loss was $10,322,393 or $0.09 per share compared with total net realized/unrealized gain of $619,019 or $0.05 per share a year ago. Net decrease in net assets from operations was $5,623,325 or $0.54 per share compared with net increase in net assets from operations of $6,923,383 or $0.66 per share a year ago. As on March 31, 2016, the company's NAV per share of common stock was $21.56 against $24.91 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. 
