PASADENA, Calif., June 21, 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 second
quarter of 2018. Today's dividend is payable on July 26, 2018 to common shareholders of record as
of July 2, 2018, with an ex-dividend
date of June 29, 2018.
In addition, the Company estimates that its book value per
share, as of May 31, 2018, was
approximately $11.39. The
May 31, 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 May 31, 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
May 31, 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; 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, 2017 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