Western Asset Mortgage Defined Opportunity Fund Inc. Announces Conference Call
22 May 2010 - 4:54AM
Business Wire
Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE: DMO)
announced today a conference call to update investors on the Fund’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 Fund’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 Fund’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 Fund’s investment objectives will be
achieved. An investment in the Fund entails a risk of loss and the
Fund’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
(“MBS”), 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 (“LMPFA”) is the Fund's
investment manager. Investment sub-advisory services are provided
by Western Asset Management Company (“WAM”) 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
Funds’ web site at www.leggmason.com/cef.
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