Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund, Inc. engages in seeking capital appreciation and provision of current income. It invests in a diverse portfolio of mortgage-backed securities which includes non-agency residential and commercial mortgage-backed securities. The company was founded on December 11, 2009 and is headquartered in New York, NY.

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We review CEF market valuation and performance through the second week of December and highlight recent market action.

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We review CEF market valuation and performance over the fourth week of November and highlight recent mark. The last full week of November continued the weak trend earlier in the month.

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NEW YORK--(BUSINESS WIRE)--Category: Financials

Western Asset Mortgage Opportunity Fund Inc. Announces Financial Position as of September 30, 2021

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Three out of 23 CEF sectors positive on price and six out of 23 sectors positive on NAV last week.

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We review CEF market valuation and performance over the third week of August and highlight recent market events. August has delivered fairly flat returns so far with CEF sectors following the moves in major asset classes.

CEF Weekly Market Review: Key Hazards To Watch Out For

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We review CEF market valuation and performance over the first week of June and highlight recent events. The CEF market pushed higher at the start of June with a favorable backdrop of stable Treasury yields and rising equity prices.

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Expensive valuations, low underlying yields and increased issuer calls have generated concerns about CEF distribution cuts. We take a look at ways investors can mitigate the risk of CEF distribution cuts.

How To Lower The Risk Of CEF Distribution Cuts

DMO is a leveraged CEF invested in mortgage backed securities, in both the residential and commercial sectors. The fund has a slight discount to NAV and an attractive yield, so it does look tempting here.

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The CEF market has put in very strong returns in the few months since our last update. We discuss some of the key themes driving the CEF market in the medium term.

Key Themes Of The CEF Market

NEW YORK--(BUSINESS WIRE)--Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO) today announced the financial position of the Fund as of September 30, 2020. Current Q Previous Q Prior Yr Q September 30, 2020 June 30, 2020 September 30, 2019 Total Assets (a) $ 213,779,457 $ 216,627,941 $ 309,828,381 Total Net Assets (a) $ 157,186,901 $ 154,704,453 $ 208,902,848 NAV Per Share of Common Stock (b) $ 14.25 $ 14.08 $ 19.90 Market Price Per Share $ 13.12 $ 14.67 $ 21.76 Premium / (Discount) (7.93)

Western Asset Mortgage Opportunity Fund Inc. Announces Financial Position as of September 30, 2020

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NAVs in the non-agency mortgage space continue to recover as the underlying securities slowly inch back to prior levels.

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It's challenging to contemplate buying anything right now, much less closed-end funds. But there's a lot of value out there.

News for Western Asset Mortgage Opportunity Fund ETF (DMO)