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DMO / DMO: Discount Narrowing Drives Results

The Western Asset Mortgage Opportunity Fund has seen its discount narrow from the deepest levels it was at previously. The fund increased its distribution despite coverage still coming in light, though the good news is seeing NII increase due to floating rate exposure. DMO's portfolio is made up of both residential and commercial MBS exposure, as well as some smaller allocations to other asset-backed securities. Read More

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DMO

Discount

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Posted: Jul 20 2023, 15:17

Author Name: Seeking Alpha

DMO News

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By Seeking Alpha
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DMO: Discount Narrowing Drives Results

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By Seeking Alpha
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DMO: Not Your Usual Mortgage Fund, 11% Yield

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