Western Asset Mortgage Opportunity Fund Inc. (DMO) filings document proxy and governance matters for a non-diversified closed-end management investment company. The Fund's definitive proxy statements describe annual meeting voting items, including election of Class III directors and ratification of the independent registered public accounting firm. The filings also identify the Fund's NYSE-listed common stock, stockholder voting framework, board oversight structure and closed-end fund context.
Western Asset Mortgage Opportunity Fund Inc. (DMO) has called its annual stockholder meeting for October 16, 2026 in New York. Holders of the Fund’s 11,427,128 common shares outstanding as of the August 28, 2026 record date may vote on electing two Class I directors and ratifying PricewaterhouseCoopers LLP (PwC) as independent registered public accountants for 2026.
The Board is classified into three staggered classes; seven of eight directors are independent, and Eileen A. Kamerick serves as independent Chair. The Fund has opted into the Maryland Control Share Acquisition Act, so holders deemed to own “control shares” above specified ownership thresholds generally cannot vote those shares unless other stockholders restore voting rights by a two‑thirds vote, with certain statutory and bylaw exceptions.
The proxy describes Board committee structures and meeting attendance, director compensation, and fees paid to PwC. For 2025, PwC received $94,871 in audit fees, $10,000 in tax fees and $23,000 in other non‑audit services, with all required services pre‑approved by the Audit Committee. One 5%+ holder, First Trust Portfolios L.P. and affiliates, beneficially owned 769,494 shares, or 6.76% of outstanding common stock as of August 28, 2026.
Western Asset Mortgage Opportunity Fund Inc. (DMO) filed an initial statement of beneficial ownership (Form 3) for Brett Michael Mossman, identified as a Senior Vice President/Investment Manager. The filing reports no transactions and provides no detailed holdings in common stock or derivatives for this reporting person.
Western Asset Mortgage Opportunity Fund Inc. (DMO) discloses that Doyle Ann Elizabeth, identified as a Senior Vice President, has filed an initial Form 3 as a reporting person. The filing lists no reportable transactions, derivative positions, or share holdings at this time.
Western Asset Mortgage Opportunity Fund Inc. director Carol L. Colman reported an open-market sale of the fund’s common stock. On April 13, 2026, Colman sold 1,400 shares of common stock at an average price of $11.07 per share, and reported holding 0 shares directly after the transaction.
Western Asset Mortgage Opportunity Fund Inc. (DMO) had Kim Stout file a Form 3 as an initial insider ownership report. Stout is identified as a CCO/Subadviser, not a director, officer, or 10% owner, and the report shows no buy, sell, or derivative transactions.
Western Asset Mortgage Opportunity Fund Inc. reported its annual shareholder report for the year ended December 31, 2025. The Fund returned 10.57% based on NAV and 6.85% based on market price for the twelve months ended December 31, 2025. The Fund paid total distributions of $1.55 per share, of which $0.38 is characterized as a return of capital for tax purposes.
The portfolio is concentrated in mortgage-related assets, showing Residential MBS at 112.7% and Commercial MBS at 49.3% of total investments (percentages shown based on Fund net assets). The Fund used leverage (roughly 45% to 48% of total assets during the period), reverse repurchase agreements, futures and CDS; derivatives in aggregate detracted from performance while leverage contributed amid positive asset returns.
Western Asset Mortgage Opportunity Fund Inc. has reclassified itself as a diversified closed-end fund under the Investment Company Act of 1940. The supplement updates the prospectus and SAI to reflect that, for 75% of total assets, no more than 5% may be invested in any one issuer or more than 10% of an issuer’s voting securities may be owned, excluding cash, U.S. government securities and other investment companies.
The fund removes prior "Non-Diversification Risk" disclosures and clarifies that it is intended as a long-term investment, not a trading vehicle, and that diversification does not assure against market loss. The fund may not resume operating in a non-diversified manner without first obtaining shareholder approval.
Western Asset Mortgage Opportunity Fund Inc. (DMO) presents a definitive proxy with director nominations and routine governance matters. The Board unanimously recommends voting FOR election of three Class III directors—Robert D. Agdern, Eileen A. Kamerick, and Peter Mason—to serve until the 2028 annual meeting. Proposal 2 asks shareholders to ratify PricewaterhouseCoopers LLP as the fund's independent registered public accountants for fiscal year ending December 31, 2025. The proxy includes biographical summaries showing directors with extensive governance, legal, compliance and investment experience and lists committee assignments. Beneficial ownership data shows First Trust Portfolios L.P. holds 769,494 shares, or 6.76%.
Jeffrey Masom submitted an Initial Statement on Form 3 for Western Asset Mortgage Opportunity Fund Inc. (DMO) reporting that he does not beneficially own any securities of the issuer as of the event date 04/29/2025. The filing lists his relationship to the issuer as an officer (Director-Subadviser) and confirms the form was filed by one reporting person. The form includes a signed remark stating "No securities are beneficially owned." This filing is a routine Section 16 disclosure documenting current ownership (or lack thereof) by an insider.