PASADENA, Calif., March 22, 2018 /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 first quarter
of 2018. Today's dividend is payable on April 26, 2018 to common shareholders of record
as of April 2, 2018, with an
ex-dividend date of March 29,
2018.
In addition, the Company estimates that its book value per
share, as of February 28, 2018, was
approximately $11.75. The
February 28, 2018 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 February 28, 2018 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 February 28, 2018
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 CMBS, Agency RMBS,
Non-Agency RMBS, Non-Agency CMBS, ABS, GSE Risk Transfer Securities
and Residential Whole and Bridge Loans. 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; and legislative and regulatory changes that could
adversely affect the business of the Company. 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