Western Asset Mortgage Capital Corporation Declares First Quarter Dividend of $0.06 Per Share
March 23 2021 - 4:05PM
Business Wire
Western Asset Mortgage Capital Corporation (the “Company”)
(NYSE: WMC) announced today that its Board of Directors has
declared a cash dividend of $0.06 per share for the first quarter
of 2021. Today’s dividend is payable on April 26, 2021 to common
shareholders of record as of April 2, 2021, with an ex-dividend
date of March 31, 2021.
In addition, the Company estimates that its GAAP book value per
share, as of February 28, 2021, was approximately $4.08. The
February 28, 2021 estimated GAAP 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 February 28, 2021 and does not
include the dividend announced today. GAAP book value will
fluctuate with market conditions, the results of the Company’s
operations and other factors. The Company’s current GAAP book value
may be materially different from the February 28, 2021 estimated
GAAP 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 Residential Whole Loans,
Commercial Loans, Non-Agency CMBS, Non-Agency RMBS, GSE Risk
Transfer Securities and to a lesser extent Agency RMBS, Agency CMBS
and ABS. 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, LLC'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, LLC, an investment advisor registered with the Securities
and Exchange Commission and a wholly-owned subsidiary of Franklin
Resources, Inc. Please visit the Company’s website at
www.westernassetmcc.com.
FORWARD-LOOKING STATEMENTS
This press release contains statements that may constitute
"forward-looking statements" For these statements, the Company
claims the protections of the safe harbor for forward-looking
statements contained in such sections. Forward-looking statements
are subject to substantial risks and uncertainties, many of which
are difficult to predict and are generally beyond the Company’s
control. In particular, it is difficult to fully assess the impact
of COVID-19 at this time due to, among other factors, uncertainty
regarding the severity and duration of the outbreak domestically
and internationally and the effectiveness of federal, state and
local governments’ efforts to contain the spread of COVID-19 and
respond to its direct and indirect impact on the U.S. economy and
economic activity. Other factors are described in Risk Factors
section of the Company’s annual report on Form 10-K for the period
ended December 31, 2020 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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version on businesswire.com: https://www.businesswire.com/news/home/20210323005991/en/
Investor Relations Contact: Larry Clark Financial Profiles, Inc.
(310) 622-8223 lclark@finprofiles.com
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