Western Asset Mortgage Opportunity Fund : Important 1099-DIV Notice to Shareholders
March 03, 2021 at 10:01 pm EST
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Important Notice to Shareholders of Western Asset Mortgage Opportunity Fund Inc. (DMO)
Please be advised that the Form 1099-DIV that shareholders received for 2019 required a revision to reflect certain tax adjustments. As a result of this revision, a portion of the distributions paid in the calendar year ended December 31, 2019 and previously characterized as ordinary dividends are now characterized as a non-dividend distribution (return of capital).
We recommend that your shareholders consult their tax advisor for assistance with how this information will impact their specific tax situation.
Franklin Resources, Inc., its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the "promotion or marketing" of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
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Western Asset Mortgage Opportunity Fund Inc. published this content on 04 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2021 03:00:05 UTC.
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.