DMO News and Press, Western Asset Mortgage Defined Opportunity Fund Inc From 09/01/23

2023-09-01 04:32:44 ET Summary We provide a July update for the PIMCO CEF taxable suite. Taxable coverage fell for the second straight month while tax-exempt coverage remained stable. PIMCO is doing a tender offer of their very expensive auction-rate preferreds. PIMCO taxa...

2023-08-12 10:10:27 ET Summary We review CEF market valuation and performance through the first week of August and highlight recent market action. The CEF rally paused this week due to the Fitch downgrade and lower than expected jobs numbers. Investors and commentators often f...

2023-08-07 15:48:20 ET Summary We take a look at the allocation approach we call full-spectrum income investing which casts a wide net across many types of income securities. This is in contrast to many investors staying within predominantly one type of security, such as CEFs. ...

2023-08-06 05:01:29 ET Summary We review CEF market valuation and performance through the last week of July and highlight recent market action. CEFs continued to march higher this week, closing out July in good form. CEF returns should be gauged in the context of the broader a...

2023-08-03 04:08:48 ET Summary We last discussed DMO about a year ago, highlighting the strong potential for a dividend hike due to a rising net income trajectory. As expected, the fund has indeed hiked the distribution which, along with its wide discount, translates to a 11.55% c...

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

2023-07-20 15:17:21 ET Summary The Western Asset Mortgage Opportunity Fund has seen its discount narrow from the deepest levels it was at previously. The fund increased its distribution despite coverage still coming in light, though the good news is seeing NII increase due to floa...

2023-07-20 12:05:40 ET Western Asset Mortgage Opportunity Fund  ( NYSE: DMO ) had declared $0.105/share monthly dividend , 5% increase from prior dividend of $0.100. Payable Aug. 1; for shareholders of record July 24; ex-div July 21. Payable Sept. 1; for share...

The following Funds announced today their share repurchase activity during the second quarter of 2023. Share Repurchases seek to enhance shareholder value by purchasing the Fund’s shares when trading at a discount to the Fund’s net asset value (“NAV”) per share. Al...

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...