PASADENA, Calif., Sept. 21, 2017 /PRNewswire/ -- Western Asset
Mortgage Capital Corporation (the "Company") (NYSE: WMC) announced
today that its Board of Directors has declared a cash dividend of
$0.31 per share for the third quarter
of 2017. Today's dividend is payable on October 26, 2017 to common shareholders of record
as of October 2, 2017, with an
ex-dividend date of September 29,
2017.
In addition, the Company estimates that its book value per
share, as of August 31, 2017, was
approximately $10.97. The
August 31, 2017 estimated book value
is unaudited, has not been verified or reviewed by any third party
and is subject to normal quarterly reconciliation and other
procedures. Further, the estimated book value is as of
August 31, 2017 and does not include
the dividend announced today. Book value will fluctuate with
market conditions, the results of the Company's operations and
other factors. The Company's current book value may be
materially different from the August 31,
2017 estimated book value.
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 of assets consisting of Agency RMBS, Agency CMBS,
Non-Agency RMBS, Non-Agency 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.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements." Operating results are subject
to numerous conditions, many of which are beyond the control of the
Company, including, without limitation, changes in interest rates;
changes in the yield curve; changes in prepayment rates; the
availability and terms of financing; general economic conditions;
market conditions; conditions in the market for mortgage related
investments; legislative and regulatory changes that could
adversely affect the business of the Company; and other factors,
including those set forth in the Risk Factors section of the
Company's annual report on Form 10-K for the period ended
December 31, 2016 filed with the
Securities and Exchange Commission ("SEC"). The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
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SOURCE Western Asset Mortgage Capital Corporation