Western Asset Mortgage Opportunity Fund Inc. Announces Financial Position as of March 31, 2024
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.
- Total assets increased to $254.47 million from $240.60 million in the previous quarter.
- Total net assets rose to $138.63 million from $137.17 million last quarter.
- NAV per share grew to $12.18 from $12.05 in the previous quarter.
- Market price per share increased to $11.71 from $11.17 last quarter.
- The premium/discount gap narrowed to -3.86% from -7.30% last quarter.
- Total net investment income increased to $3.52 million from $2.94 million in the previous quarter.
- Total net realized/unrealized gain rose to $2.10 million from $2.04 million in the previous quarter.
- Earnings per common share for net investment income rose to $0.31 from $0.26 last quarter.
- Undistributed net investment income per share fell to -$0.90 from -$0.84 last quarter.
- Reverse repurchase agreements increased to $109.71 million from $100 million last quarter, indicating higher leverage.
| Current Q | Previous Q | Prior Yr Q | |||||||||
| March 31, 2024 | December 31, 2023 | March 31, 2023 | |||||||||
| Total Assets (a) | $ |
254,467,425 |
|
$ |
240,596,460 |
|
$ |
235,312,013 |
|
||
| Total Net Assets (a) | $ |
138,632,504 |
|
$ |
137,165,750 |
|
$ |
138,629,244 |
|
||
| NAV Per Share of Common Stock (b) | $ |
12.18 |
|
$ |
12.05 |
|
$ |
12.16 |
|
||
| Market Price Per Share | $ |
11.71 |
|
$ |
11.17 |
|
$ |
10.45 |
|
||
| Premium / (Discount) |
|
(3.86 |
)% |
|
(7.30 |
)% |
|
(14.06 |
)% |
||
| Outstanding Shares |
|
11,383,541 |
|
|
11,383,541 |
|
|
11,397,523 |
|
||
| Total Net Investment Income (c) | $ |
3,517,202 |
|
$ |
2,938,442 |
|
$ |
2,799,632 |
|
||
| Total Net Realized/Unrealized Gain/(Loss) (c) | $ |
2,104,544 |
|
$ |
2,039,779 |
|
$ |
1,157,942 |
|
||
| Net Increase/(Decrease) in Net Assets From Operations (c) | $ |
5,621,746 |
|
$ |
4,978,221 |
|
$ |
3,957,574 |
|
||
| Earnings per Common Share Outstanding | |||||||||||
| Total Net Investment Income (c) | $ |
0.31 |
|
$ |
0.26 |
|
$ |
0.25 |
|
||
| Total Net Realized/Unrealized Gain/(Loss) (c) | $ |
0.18 |
|
$ |
0.18 |
|
$ |
0.10 |
|
||
| Net Increase/(Decrease) in Net Assets From Operations (c) | $ |
0.49 |
|
$ |
0.44 |
|
$ |
0.35 |
|
||
| Undistributed/(Overdistributed) Net Investment Income (d) | $ |
(10,223,003 |
) |
$ |
(9,585,213 |
) |
$ |
(8,735,601 |
) |
||
| Undistributed/(Overdistributed) Net Investment | |||||||||||
| Income Per Share (d) | $ |
(0.90 |
) |
$ |
(0.84 |
) |
$ |
(0.77 |
) |
||
| Reverse Repurchase Agreements (d) | $ |
109,713,000 |
|
$ |
100,000,000 |
|
$ |
91,914,000 |
|
||
Footnotes: |
||
(a) |
The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings; total net assets do not include borrowings. |
|
(b) |
NAVs are calculated as of the close of business on the last business day in the periods indicated above. |
|
(c) |
For the quarter indicated. |
|
(d) |
As of the period indicated above. |
|
This financial data is unaudited.
The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Forms N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.
Franklin Templeton Fund Advisor, LLC (“FTFA”) (formerly known as Legg Mason Partners Fund Advisor, LLC) is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).
For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund.
Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com: https://www.businesswire.com/news/home/20240529806152/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What is the financial position of Western Asset Mortgage Opportunity Fund (NYSE: DMO) as of March 31, 2024?
How did Western Asset Mortgage Opportunity Fund's total assets change in Q1 2024?
What is the NAV per share for Western Asset Mortgage Opportunity Fund as of March 31, 2024?
How did the market price per share for Western Asset Mortgage Opportunity Fund change in Q1 2024?
What is the total net investment income for Western Asset Mortgage Opportunity Fund as of March 31, 2024?
Has the Fund's premium/discount gap changed in Q1 2024?
What are the reverse repurchase agreements for Western Asset Mortgage Opportunity Fund as of March 31, 2024?
Did the Fund's total net realized/unrealized gain change in Q1 2024?
How did the Fund's undistributed net investment income per share change in Q1 2024?
