Welcome to our dedicated page for Western Asset Mortgage Opp Fund news (Ticker: DMO), a resource for investors and traders seeking the latest updates and insights on Western Asset Mortgage Opp Fund stock.
Western Asset Mortgage Opp Fund Inc (DMO) provides investors with income-focused opportunities through mortgage-backed securities. This page aggregates official news and analysis on the closed-end fund’s strategic activities, portfolio adjustments, and market positioning.
Access timely updates including quarterly earnings reports, dividend announcements, and management commentary. Investors will find detailed coverage of DMO’s responses to interest rate trends, credit market developments, and regulatory changes affecting mortgage investments.
Key content includes operational milestones, risk management updates, and expert perspectives on the fund’s performance within the real estate finance sector. All materials are sourced from verified filings and authorized statements to ensure reliability.
Bookmark this page for streamlined access to DMO’s evolving strategy in mortgage markets. Check regularly for objective updates supporting informed investment research.
Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO) has reported its financial position as of September 30, 2024. The Fund's total assets increased to $262.8 million from $255.6 million in the previous quarter. Net Asset Value (NAV) per share rose to $12.28, up from $12.12 in June 2024. The market price per share stood at $11.97, representing a discount of 2.52%. The Fund reported total net investment income of $3.2 million and a net realized/unrealized gain of $3.1 million for the quarter, resulting in a net increase in assets from operations of $6.3 million.
Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO) announced the results of its annual meeting of stockholders held on October 18, 2024. Nisha Kumar and Jane Trust were elected as Class II Directors to serve until 2027. Stockholders also ratified PricewaterhouseCoopers LLP as the Fund's independent registered public accountants for the fiscal year ending December 31, 2024.
The Fund is a non-diversified closed-end management investment company managed by Franklin Templeton Fund Adviser, and subadvised by Western Asset Management Company, and its foreign-based affiliates. Both management companies are indirect wholly-owned subsidiaries of Franklin Resources Inc., operating as Franklin Templeton.
Western Asset Mortgage Opportunity Fund (NYSE: DMO) announced its financial position as of March 31, 2024. The Fund's total assets increased to $254.47 million from $240.60 million in the previous quarter and $235.31 million the prior year. Total net assets rose to $138.63 million compared to $137.17 million last quarter, mirroring the previous year's $138.63 million. NAV per share grew to $12.18, with the market price per share at $11.71. The premium/discount gap narrowed to -3.86% from -7.30% last quarter. The Fund's total net investment income increased to $3.52 million from $2.94 million the previous quarter. The total net realized/unrealized gain also rose to $2.10 million. However, the Fund's undistributed net investment income per share fell further to -$0.90. Reverse repurchase agreements jumped to $109.71 million from $100 million last quarter.
In Q3 2022, three closed-end funds, DMO, EMF, and TEI, executed share repurchases to enhance shareholder value. DMO repurchased 2,974 shares, totaling 34,356 since program inception. EMF led with 112,047 shares in Q3 and 2,333,969 overall. TEI's activity included 114,888 shares this quarter, with 900,461 since inception. The funds aim to buy back shares when trading below net asset value (NAV), thereby increasing NAV for remaining shareholders. Buybacks will be detailed in future fiscal reports.
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