Welcome to our dedicated page for Western Asset Mortgage Opportunity Fund news (Ticker: DMO), a resource for investors and traders seeking the latest updates and insights on Western Asset Mortgage Opportunity Fund stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Western Asset Mortgage Opportunity Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Western Asset Mortgage Opportunity Fund's position in the market.
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.
FAQ
What is the current stock price of Western Asset Mortgage Opportunity Fund (DMO)?
What is the market cap of Western Asset Mortgage Opportunity Fund (DMO)?
