N@N

Western Asset Mortgage Defined Opportunity Fund Inc. Replay now available for Conference Call

^{Published on 2010-06-04 16:20:30 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE: DMO), held a live conference call on May 27, 2010 to provide an update on the Fund's performance and investment activities since its successful initial public offering on February 23, 2010. Ronald Mass, Head of Structured Products at Western Asset Management, discussed the Fund's investment portfolio and market outlook and then concluded with a question and answer session.

Investors can access the replay of this call by phone or by visiting our website:

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.

An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Commentary is provided for informational purposes only. The shares of the Fund trade on the NYSE and are not sold by Legg Mason Partners Fund Advisor, LLC or any of its affiliates.

Western Asset Mortgage Defined Opportunity Fund Inc. is a non-diversified, limited term, closed-end management investment company which is advised by Legg Mason Partners Fund Advisor, LLC ("LMPFA") and subadvised by Western Asset Management Company ("Western Asset"). LMPFA and Western Asset are wholly owned subsidiaries of Legg Mason, Inc. ("Legg Mason"). Wilshire Associates Incorporated, a registered investment adviser unaffiliated with Legg Mason, LMPFA or Western Asset, is the Fund's Allocation Subadviser.

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 ].