PASADENA, Calif., Sept. 22, 2016 /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 2016. Today's dividend is payable on October 25, 2016 to common shareholders of record
as of October 4, 2016, with an
ex-dividend date of September 30,
2016.
In addition, the Company estimates that its book value per
share, as of August 31, 2016, was
approximately $11.54. The
August 31, 2016 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, 2016 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,
2016 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, Non-Agency RMBS,
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, 2015 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