Western Asset Mortgage Defined Opportunity Fund Inc. Announces Financial Position as of September 30, 2016
December 29 2016 - 8:00AM
Business Wire
Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE:DMO)
today announced the financial position of the Fund as of September
30, 2016.
Current Q Previous Q Prior Yr
Q September 30, 2016 June 30, 2016 September
30, 2015 Total Assets (a) $ 340,373,027 $
340,922,972 $ 371,823,218 Total Net Assets (a) $ 229,231,315 $
222,534,058 $ 255,575,261 NAV Per Share of Common Stock (b) $ 21.97
$ 21.33 $ 24.53 Market Price Per Share $ 23.89 $ 23.12 $ 24.94
Premium / (Discount) 8.74% 8.39% 1.67% Outstanding Shares
10,435,771 10,433,715 10,417,312 Total Net Investment Income
(c) $ 5,053,085 $ 4,657,092 $ 5,547,114 Total Net
Realized/Unrealized Gain/(Loss) (c) $ 8,953,743 $
258,109 $ (3,640,741) Net Increase/(Decrease) in Net Assets From
Operations (c) $ 14,006,828 $ 4,915,201 $ 1,906,373
Earnings per Common
Share Outstanding
Total Net Investment Income (c) $ 0.48 $ 0.45 $ 0.53 Total Net
Realized/Unrealized Gain/(Loss) (c) $ 0.86 $ 0.02 $
(0.35) Net Increase/(Decrease) in Net Assets From Operations (c) $
1.34 $ 0.47 $ 0.18
Undistributed/(Overdistributed) Net Investment Income (d) $
20,663,647 $ 22,967,057 $ 6,428,440 Undistributed/(Overdistributed)
Net Investment Income Per Share (d) $ 1.98 $ 2.20 $ 0.62
Loan Outstanding (d) $ 104,750,000 $ 104,750,000 $ 99,500,000
Reverse Repurchase Agreements (d) $ 4,093,250 $ 11,040,250 $
16,029,096 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.
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
(“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: http://www.businesswire.com/news/home/20161229005070/en/
Media:Legg Mason, Inc.Maria Rosati,
212-805-6036mrosati@leggmason.com
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