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 Opportunity Fund Inc. (NYSE: DMO) is a non-diversified, closed-end management investment company that focuses on mortgage-backed securities. The fund’s public description states that its primary objective is current income, with capital appreciation as a secondary objective, pursued through investments in non-agency residential mortgage-backed securities and commercial mortgage-backed securities.
This news page highlights announcements and disclosures related to Western Asset Mortgage Opportunity Fund Inc. As reflected in recent communications, the fund reports on outcomes of its annual meetings of stockholders, including the election of Class III Directors and the ratification of the selection of its independent registered public accountants. These items provide insight into the fund’s governance and oversight structure.
Readers can expect coverage of topics such as stockholder voting results, changes or confirmations in the composition of the Board of Directors, and the appointment or ratification of PricewaterhouseCoopers LLP as independent registered public accountants for specific fiscal years. News may also reference the roles of Franklin Templeton Fund Adviser, LLC as investment adviser and administrator, and Western Asset Management Company, LLC and Western Asset Management Company Limited as subadvisers, all of which are described as indirect, wholly-owned subsidiaries of Franklin Resources, Inc.
For investors and observers of closed-end funds focused on mortgage-backed securities, this page serves as a centralized view of Western Asset Mortgage Opportunity Fund Inc.’s formal announcements and proxy-related updates. Returning to this page allows users to follow how stockholder decisions and governance matters are communicated over time through press releases and related materials.
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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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