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Western Asset Mortgage Defined Opportunity Fund Inc. Announces Financial Position as of March 31, 2019

NEW YORK--(BUSINESS WIRE)--

Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE: DMO) today announced the financial position of the Fund as of March 31, 2019.

             
Current Q Previous Q Prior Yr Q
March 31, 2019 December 31, 2018 March 31, 2018
Total Assets (a) $ 303,447,082 $ 317,408,686 $ 327,701,892
Total Net Assets (a) $ 203,079,269 $ 201,949,400 $ 223,069,595
NAV Per Share of Common Stock (b) $ 19.37 $ 19.28 $ 21.33
Market Price Per Share $ 20.75 $ 20.39 $ 24.43
Premium / (Discount) 7.12 % 5.76 % 14.53 %
Outstanding Shares 10,483,575 10,472,397 10,460,013
 
Total Net Investment Income (c) $ 4,066,609 $ 3,965,785 $ 4,435,483
Total Net Realized/Unrealized Gain/(Loss) (c) $ 2,342,543   $ (2,750,368 ) $ 3,025,234  
Net Increase/(Decrease) in Net Assets From Operations (c) $ 6,409,152   $ 1,215,417   $ 7,460,717  
 

Earnings per Common Share Outstanding

Total Net Investment Income (c) $ 0.39 $ 0.38 $ 0.42
Total Net Realized/Unrealized Gain/(Loss) (c) $ 0.22   $ (0.26 ) $ 0.29  
Net Increase/(Decrease) in Net Assets From Operations (c) $ 0.61   $ 0.12   $ 0.71  
 
Undistributed/(Overdistributed) Net Investment Income (d) $ (2,970,421 ) $ (1,534,448 ) $ 9,256,403
Undistributed/(Overdistributed) Net Investment
Income Per Share (d) $ (0.28 ) $ (0.15 ) $ 0.88
 
Loan Outstanding (d) $ 98,000,000 $ 99,250,000 $ 101,750,000
 
 
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 (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. Previously, the Fund filed a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Forms N-PORT and 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.

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