Western Asset Middle Market Income Inc., Western Asset Mortgage Defined Opportunity Fund Inc., Western Asset Municipal Defined Opportunity Trust Inc., Western Asset Municipal High Income Fund Inc., Western Asset Municipal Partners Fund Inc., Western Asset Variable Rate Strategic Fund Inc., and Western Asset Worldwide Income Fund Inc. Appoint Robert D. Agdern as Member of the Board of Directors, Nominating Committee and Audit Committee
December 23, 2014 at 08:00 am EST
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Western Asset Middle Market Income Inc., Western Asset Mortgage Defined Opportunity Fund Inc., Western Asset Municipal Defined Opportunity Trust Inc., Western Asset Municipal High Income Fund Inc., Western Asset Municipal Partners Fund Inc., Western Asset Variable Rate Strategic Fund Inc., and Western Asset Worldwide Income Fund Inc. announced that, effective January 1, 2015, the Board of Directors of each Fund has appointed Robert D. Agdern as a member of the Board of Directors. In addition, Mr. Agdern has been appointed to each Fund's Nominating Committee and Audit Committee. Since 2002, Mr. Agdern has served a Member of the Advisory Committee of the Dispute Resolution Research Center at the Kellogg Graduate School of Business, Northwestern University.
Western Asset Mortgage Opportunity Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fundâs primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing primarily in a diverse portfolio of mortgage-backed securities and mortgage whole loans. Investments in mortgage-backed securities consist primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities. The Fundâs investments in mortgage whole loans under normal circumstances will not exceed 20% of its managed assets. The Fund also may invest in other permitted investments, including cash and cash equivalents; Treasury securities; non-mortgage related asset-backed securities (ABS) backed by various asset classes. Legg Mason Partners Fund Advisor, LLC is the investment manager of the Fund.
Western Asset Middle Market Income Inc., Western Asset Mortgage Defined Opportunity Fund Inc., Western Asset Municipal Defined Opportunity Trust Inc., Western Asset Municipal High Income Fund Inc., Western Asset Municipal Partners Fund Inc., Western Asset Variable Rate Strategic Fund Inc., and Western Asset Worldwide Income Fund Inc. Appoint Robert D. Agdern as Member of the Board of Directors, Nominating Committee and Audit Committee
WESTERN ASSET MORTGAGE OPPORTUNITY FUND INC. 
