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home / news releases / DMO - DMO: Another Distribution Hike For This 13.2%-Yielding Mortgage CEF

DMO - DMO: Another Distribution Hike For This 13.2%-Yielding Mortgage CEF

Western Asset Mortgage Defined Opportunity Fund Inc

2024-06-14 00:07:11 ET

Summary

  • Western Asset Mortgage Opportunity Fund has increased its distribution for the fourth consecutive time.
  • DMO primarily allocates to non-agency residential mortgages, with a smaller holding in commercial mortgages.
  • The fund's net income has been steadily rising, driven by floating-rate holdings and increased borrowings.
  • We continue to hold the fund in our High Income Portfolio.

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For further details see:

DMO: Another Distribution Hike For This 13.2%-Yielding Mortgage CEF
Stock Information
Company Name: Western Asset Mortgage Defined Opportunity Fund Inc
Stock Symbol: DMO
Market: NYSE
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