PASADENA, Calif., March 21, 2019 /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 2019. Today's dividend is payable on April 26, 2019 to common shareholders of record
as of April 1, 2019, with an
ex-dividend date of March 29,
2019.
In addition, the Company estimates that its book value per
share, as of February 28, 2019, was
approximately $10.73. The
February 28, 2019 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, 2019 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, 2019
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 Credit Risk Transfer
Securities and Residential Whole, Bridge Loans and Commercial
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, 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 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, 2018 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