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-0.00292825768667654 -0.00292825768667654 0.00165934602244992 0.000488042947779307 0.00263543191800871 0.00244021473889706 0.00292825768667636 0.00195217179111758
Stock impact report

Western Asset Mortgage Defined Opportunity Fund Inc. Announces Results of Special Meeting of Stockholders and Other Fund Changes

Western Asset Mortgage Opportunity Fund Inc. (DMO) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Western Asset Mortgage Defined Opportunity Fund Inc. (the “Fund”), which is traded on the New York Stock Exchange under the symbol “DMO,” announced today the results of the votes cast at the Fund’s special meeting of stockholders held on December 13, 2019.Stockholders approved the proposal to convert the Fund to a perpetual fund by eliminating the Fund’s term, which was scheduled to end at the close on business on March 1, 2022.As a result of the proposal’s approval, the following changes will take effect January 2, 2020:The Fund’s name will be changed to Western Asset Mortgage Opportunity Fund Inc. The Fund’s ticker symbol will remain “DMO”. The Fund’s CUSIP, 95790B109, will not change.Investments in mortgage whole loans will be included within the Fund’s 80% Policy as follows: “Under normal circumstances, the Fund will invest at least 80% of its Managed Assets (as defined in the Fund’s prospectus) in mortgage-backed securities and mortgage whole loans” Show less Read more
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