Business & Finance
Wed, May 26, 2010Tue, May 25, 2010Mon, May 24, 2010Sun, May 23, 2010Fri, May 21, 2010Thu, May 20, 2010Wed, May 19, 2010Tue, May 18, 2010Western Asset Mortgage Defined Opportunity Fund Inc. Announces Conference Call
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Published in Business and Finance on Friday, May 21st 2010 at 12:00 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK--([ BUSINESS WIRE ])--Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE: DMO) announced today a conference call to update investors on the Funda™s performance and investment activities. The call will be held on Thursday, May 27, 2010 at 4:15 p.m. (Eastern Time). Ronald Mass, Head of Structured Products at Western Asset Management, will discuss the Funda™s investment portfolio and market outlook and will conclude with a question and answer session.
Investors can listen to this call by teleconference:
Dial-in information: | |||
| Date: | May 27, 2010 | ||
| Time: | 4:15 p.m. (Eastern Time) | ||
| USA Toll Free Number: | 1-800-369-3358 | ||
| Pass code: | Legg Mason | ||
A replay of the call will be made available and instructions on how to access the replay will be provided at a future date by press release.
Western Asset Mortgage Defined Opportunity Funda™s primary investment objective is to provide current income and then to liquidate on or about March 1, 2022. As a secondary investment objective, the Fund will seek capital appreciation. There can be no assurance, however, that the Funda™s investment objectives will be achieved. An investment in the Fund entails a risk of loss and the Funda™s shares may decline in value.
The Fund seeks to achieve its investment objectives by investing primarily in a diverse portfolio of mortgage-backed securities (aMBSa), consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities. The Fund intends to invest in MBS directly, and indirectly through a separate investment in a public-private investment fund ("PPIF") formed in connection with the Legacy Securities Public-Private Investment Program ("PPIP") established by the U.S. Department of the Treasury. Under no circumstances will the Fund invest more than 40% of the net proceeds of its offering in the PPIF. DMO expands upon the existing closed-end fund offerings that encompass a range of taxable and tax-exempt investment objectives. Other funds in the Legg Mason-affiliated closed-end fund family include Western Asset Global High Income Fund Inc. (NYSE: EHI), Western Asset Emerging Markets Income Fund Inc. (NYSE: EMD), Western Asset Emerging Markets Debt Fund Inc. (NYSE: ESD), Western Asset Global Partners Income Fund Inc. (NYSE: GDF), Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO), Western Asset Variable Rate Strategic Fund Inc. (NYSE: GFY), Western Asset High Income Fund Inc. (NYSE: HIF), Western Asset High Income Opportunity Fund Inc. (NYSE: HIO), Western Asset High Income Fund II Inc. (NYSE: HIX), Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI), Western Asset Inflation Management Fund Inc. (NYSE: IMF), Western Asset Managed High Income Fund Inc. (NYSE: MHY), Western Asset Income Fund (NYSE: PAI), Western Asset Worldwide Income Fund Inc. (NYSE: SBW), and Western Asset Premier Bond Fund (NYSE: WEA).
Tax-exempt funds include Western Asset Intermediate Muni Fund Inc. (NYSE Amex: SBI), Western Asset Municipal High Income Fund Inc. (NYSE: MHF), Western Asset Managed Municipals Fund Inc. (NYSE: MMU), Western Asset Municipal Defined Opportunity Trust Inc. (NYSE: MTT) and Western Asset Municipal Partners Fund Inc. (NYSE: MNP).
Legg Mason Partners Fund Advisor, LLC (aLMPFAa) is the Fund's investment manager. Investment sub-advisory services are provided by Western Asset Management Company (aWAMa) and certain of its affiliates. LMPFA and WAM are both wholly-owned subsidiaries of Legg Mason, Inc.
Legg Mason is the 6th largest closed-end fund manager in the U.S., with over $8.0 billion in assets under management as of March 31, 2010.
For more information please call 1-888-777-0102 or consult the Fundsa™ web site at [ www.leggmason.com/cef ].