Western Asset Mortgage Opportunity Fund Inc. Reports Q1 2025 Results: Net Income Rises to $4.98M, EPS Increases to $0.44, and Gains from Investments Reach $1.99M

Reuters
19 May
Western Asset Mortgage Opportunity Fund Inc. Reports Q1 2025 Results: Net Income Rises to $4.98M, EPS Increases to $0.44, and Gains from Investments Reach $1.99M

Western Asset Mortgage Opportunity Fund Inc. has announced its financial position as of March 31, 2025, revealing a slight increase in total assets to $260.5 million from $256.5 million in the previous quarter. Total net assets also saw a minor rise to $137.5 million compared to $137.0 million at the end of December 2024. The Net Asset Value $(NAV)$ per share of common stock stood at $12.08, slightly up from $12.03 in the previous quarter, though down from $12.18 in the same quarter of the prior year. The market price per share was reported at $11.82, resulting in a discount of 2.15% compared to the NAV. In terms of operational performance, the fund reported a total net investment income of $3.0 million for the quarter, a decrease from $3.1 million in the previous quarter, and from $3.5 million in the same quarter the previous year. Meanwhile, the total net realized/unrealized gain was $2.0 million, a significant improvement from a loss of $1.6 million in the preceding quarter, though slightly less than the $2.1 million gain recorded in the prior year quarter. This contributed to a net increase in net assets from operations amounting to $5.0 million, up from $1.6 million in the previous quarter, but slightly below the $5.6 million reported in the same period last year. The fund has noted that the difference between total assets and total net assets is primarily due to its use of borrowings. This financial data is unaudited and the fund continues to provide detailed reports to the Securities and Exchange Commission $(SEC.UK)$. For more information about the fund, shareholders are encouraged to visit the fund's website or contact their support line.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Western Asset Mortgage Opportunity Fund Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250519422189) on May 19, 2025, and is solely responsible for the information contained therein.

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