PASADENA, Calif., Dec. 21, 2017 /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 fourth
quarter of 2017. Today's dividend is payable on January 26, 2018 to common shareholders of record
as of January 2, 2018, with an
ex-dividend date of December 29,
2017.
In addition, the Company estimates that its book value per
share, as of November 30, 2017, was
approximately $11.41. The
November 30, 2017 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
November 30, 2017 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 November 30, 2017 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 CMBS, Non-Agency RMBS, Residential and Commercial
Whole-Loans, Bridge 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 provides 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, 2016 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