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Western Asset Mortgage Defined Opportunity Fund Inc. Portfolio Composition as of December 31, 2018

January 30, 2019

NEW YORK--(BUSINESS WIRE)--Jan 30, 2019--Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE: DMO) announces its portfolio composition as of December 31, 2018.

Investment Objectives: The Fund’s primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation.

Investment Strategy: 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 (“RMBS”) and commercial mortgage-backed securities (“CMBS”).

Portfolio Composition*:

Western Asset Mortgage Defined Opportunity Fund Inc., a non-diversified, limited term, closed-end investment management company traded on the New York Stock Exchange under the symbol “DMO”, is advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”), a wholly owned subsidiary of Legg Mason, Inc. (“Legg Mason”), and is sub-advised by Western Asset Management Company (“WAM”), an affiliate of the advisor.

All investments are subject to risks, including the possible loss of principal. The Fund’s investments are subject to liquidity risk, credit risk, inflation risk, and interest rate risk. Mortgage-backed securities are subject to additional risks, including prepayment risk, which can limit the potential gains in a declining interest rate environment. The Fund may invest in securities backed by subprime or distressed mortgages which involve a higher degree of risk and chance of loss. Leverage may result in greater volatility of NAV and the market price of common shares and increases a shareholder’s risk of loss. The Fund is not guaranteed by the U.S. Government, the U.S. Treasury, or any government agency. The credit quality ratings shown may change over time.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

For more information, please call Fund Investor Services at 1-888-777-0102, or consult the Fund’s web site at http://www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

The U.S. Department of the Treasury has not participated in the preparation of this release or the prospectus or made any representation regarding, and expressly disclaims any liability or responsibility to any investor in the Fund for, the accuracy, completeness or correctness of any of the information contained herein or therein. Without limitation of the foregoing, the U.S. Department of the Treasury does not approve or disapprove of any tax disclosure or advice set forth herein or therein.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190130005708/en/

Fund Investor Services, 1-888-777-0102

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Western Asset Mortgage Defined Opportunity Fund Inc.

Copyright Business Wire 2019.

PUB: 01/30/2019 05:30 PM/DISC: 01/30/2019 05:30 PM

http://www.businesswire.com/news/home/20190130005708/en

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