Western Asset Mortgage Opportunity Fund Inc. Announces Financial Results for the Quarter Ended September 30, 2020
November 25, 2020 at 06:30 pm IST
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Western Asset Mortgage Opportunity Fund Inc. announced financial results for the quarter ended September 30, 2020. For the quarter, total net investment income was $3,092,974 against $4,095,318 for the same period of last year. Net increase in net assets from operations was $5,596,105 against $7,234,892 for the same period of last year. Total net investment income per common share was $0.28 against $0.39 for the same period of last year. Net increase in net assets from operations per common share was $0.51 against $0.69 for the same period of last year.
Western Asset Mortgage Opportunity Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fundâs primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing primarily in a diverse portfolio of mortgage-backed securities and mortgage whole loans. Investments in mortgage-backed securities consist primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities. The Fundâs investments in mortgage whole loans under normal circumstances will not exceed 20% of its managed assets. The Fund also may invest in other permitted investments, including cash and cash equivalents; Treasury securities; non-mortgage related asset-backed securities (ABS) backed by various asset classes. Legg Mason Partners Fund Advisor, LLC is the investment manager of the Fund.
WESTERN ASSET MORTGAGE OPPORTUNITY FUND INC. 