PASADENA, Calif., Feb. 2, 2017 /PRNewswire/ -- Western Asset
Mortgage Capital Corporation (the "Company") (NYSE: WMC) announced
today the tax treatment of its common stock dividends declared in
2016. The Company's 2016 dividends of $1.38 per share of common stock consisted of 100%
ordinary dividends for federal income tax purposes.
The below information is provided to assist the Company's
stockholders with tax reporting requirements related to dividend
distribution of taxable income by the Company. Stockholders
should receive IRS Form 1099-DIV containing this information from
their brokers, transfer agents or other institutions. These
tax statements should be reviewed to ensure that they agree with
the information provided below.
Tax Treatment of Distributions
The Federal Income Tax classification of the 2016 dividend
distributions on the Company's common stock, as it is expected to
be reported on Form 1099-DIV, is set forth in the following
table:
|
Record Date
|
Payment
Date
|
Distribution
Rate per
Share
|
Total
Ordinary
Dividends
|
Qualified
Dividends
|
Total
Capital
Gains
Distributions
|
|
1/3/2017(1)
|
1/26/2017
|
$0.31
|
$0.31
|
-
|
-
|
|
10/4/2016
|
10/25/2016
|
$0.31
|
$0.31
|
-
|
-
|
|
7/5/2016
|
7/26/2016
|
$0.31
|
$0.31
|
-
|
-
|
|
4/4/2016
|
4/26/2016
|
$0.45
|
$0.45
|
-
|
-
|
|
Total
|
$1.38
|
$1.38
|
-
|
-
|
|
|
|
(1)
|
Pursuant to the
Internal Revenue Code Section 857(b)(9), the cash distributions
made on January 26, 2017 with a record date of January 3, 2017 are
treated as received by the stockholders on December 31,
2016.
|
Consult Your Tax Advisor
Stockholders may have additional reporting obligations to the
Internal Revenue Service and/or other tax authorities.
The U.S. federal income tax treatment of holding The
Company's common stock to any particular stockholder will depend on
the stockholder's particular tax circumstances. You are urged to
consult your tax advisor regarding the U.S. federal, state, local
and foreign income and other tax consequences to you, in light of
your particular investment or tax circumstances, of acquiring,
holding and disposing of the Company's common stock.
The Company does not provide tax, accounting or legal
advice. Any tax statements contained herein were not intended or
written to be used, and cannot be used for the purpose of avoiding
U.S., federal, state or local tax penalties. Please consult your
advisor as to any tax, accounting or legal statements made
herein.
ABOUT WESTERN ASSET MORTGAGE CAPITAL CORPORATION
Western Asset Mortgage Capital Corporation is a real estate
investment trust that invests in, acquires and manages a diverse
portfolio assets consisting of Agency RMBS, Non-Agency RMBS, CMBS,
ABS, Residential and Commercial Whole-Loans and other financial
assets. The Company's investment strategy may change, subject to
the Company's stated investment guidelines, and is based on its
manager Western Asset Management Company's perspective of which mix
of portfolio assets it believes provide the Company with the best
risk-reward opportunities at any given time. The Company is
externally managed and advised by Western Asset Management Company,
an investment advisor registered with the Securities and Exchange
Commission and a wholly-owned subsidiary of Legg Mason, Inc. Please visit the Company's
website at www.westernassetmcc.com
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SOURCE Western Asset Mortgage Capital Corporation