DMO News and Press, Western Asset Mortgage Defined Opportunity Fund Inc From 05/27/23

2023-05-27 06:13:16 ET Summary We review CEF market valuation and performance through the third week of May and highlight recent market action. CEFs were mostly down on the week as rising Treasury yields were the key headwind. Several aspects of term CEFs continue to be misund...

Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO) today announced the financial position of the Fund as of March 31, 2023. 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 includ...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of June, July and August 2023. The following dates apply to the distribution schedule below: This press release is not for tax reporting purposes but is bei...

2023-04-30 01:44:27 ET Summary Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experienced in 2022. Volatility has been coming down in ...

2023-04-26 13:55:48 ET Summary We tend to avoid funds when they trade at significantly outsized premiums. PCM is pushing near all-time high premiums in an area of the market that is susceptible to performing poorly in a bad economy. Due to an excessive premium, the distributio...

2023-04-25 03:59:08 ET Summary About six months ago, we highlighted that the margin of safety across a broad array of income assets looked very attractive in historic terms. Since then, the income sector has performed well, prompting us to update the analysis. We find the curr...

2023-03-27 06:06:08 ET Summary DMO is invested in mortgages, both residential and commercial MBS, as well as other mortgage-related debt securities. With all the uncertainty, a wider discount could be appropriate as credit risks become a real issue. At the same time, we are no...

2023-03-22 11:22:59 ET Western Asset Mortgage Opportunity Fund  ( NYSE: DMO ) had declared $0.10/share monthly dividend , in line with previous. Payable April 3; for shareholders of record March 24; ex-div March 23. Payable May 1; for shareholders of record April ...

2023-03-18 11:02:41 ET Summary We review CEF market valuation and performance through the second week of March and highlight recent market action. CEFs mostly struggled, outside of the higher-quality sectors as two bank failures spooked markets. Distribution trends across CEF ...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of March, April and May 2023. The following dates apply to the distribution schedule below: This press release is not for tax reporting purposes but is bein...