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Western Asset Municipal Defined Opportunity Trust Inc. Portfolio Composition as of December 31, 2012

Mon February 4, 2013 8:00 AM  | about: MTT
   
NEWS PROVIDED BY:
Business Wire

NEW YORK--(BUSINESS WIRE)-- Western Asset Municipal Defined Opportunity Trust Inc. (NYSE: MTT) announces its portfolio composition as of December 31, 2012.

Investment Objective: The Funds primary investment objective is to provide high current income exempt from federal income tax and then to liquidate on or about April 30, 2021 and distribute all of the Funds net assets to shareholders. As a secondary objective, the Fund will seek total return.

Portfolio Composition*:

 

Asset Allocation

Municipals

 

100.0%

 

Top Municipal Sectors

Industrial Revenue 30.7%
Health Care 22.8%
Education 11.3%
Transportation 8.8%
Water & Sewer 7.7%
Special Tax Obligation 7.5%
Power 5.7%
Pre refunded/ Escrowed to Maturity 4.7%
Lease Backed 0.8%
 

Credit Quality Allocation**
AAA 0.4%
AA 11.8%
A 66.2%
BBB 20.9%
B 0.7%
Not Rated -0.1%
 

Call Statistics

Not Callable 24.7%
2014 4.7%
2016 2.7%
2018 23.5%
2019 37.2%
2020 6.5%
2022 0.7%
 

Average Life (years)

10.5

Effective Duration (years)

6.4

Average Coupon (%)

6.1

Subject to AMT (%)

6.1
 

Portfolio Statistics:

 

Inception Date

March 27, 2009

Inception Price

$20.00

Total Assets

$279,658,472
 

Market Price

$23.06

NAV

$23.18

(Daily NAV is available on market quotation systems using the symbol XMTTX.)

 

Distribution Rate

          $0.0840 per share

Frequency

Monthly (Declared quarterly, paid monthly)
 
 
*

Portfolio holdings and weightings are historical and are presented here for
informational purposes only. They are subject to change at any time.

**

Credit quality is a measure of a bond issuer's ability to repay interest and
principal in a timely manner. The credit ratings shown are based on each
portfolio security's rating as provided by Standard and Poor's, Moody's
Investors Service and/or Fitch Ratings, Ltd. and typically range from AAA
(highest) to D (lowest). For this purpose, if two or more of the agencies have
assigned differing ratings to a security, the highest rating is used. Securities
that are unrated by all three agencies are reflected as such. The credit quality
of the investments in the Fund's portfolio does not apply to the stability or
safety of the Fund. These ratings are updated monthly and may change over
time. Please note, the Fund itself has not been rated by an independent
rating agency.

 

Western Asset Municipal Defined Opportunity Trust Inc., a non-diversified, closed-end management investment company, is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset Management Company, an affiliate of the advisor.

An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.

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 888-777-0102 or consult the Funds web site at http://www.lmcef.com.

FN1112218

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130204005396r1&sid=acqr4&distro=nx

Media:
Western Asset Municipal Defined Opportunity Trust Inc.
Maria Rosati, 1-212-805-6036
mrosati@leggmason.com

Source: Western Asset Municipal Defined Opportunity Trust Inc.

Copyright Business Wire 2013