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Western Asset Mortgage Capital Corporation (WMC) is a leading investment management company specializing in mortgage-related assets. Headquartered in Englewood, Colorado, WMC operates from its office at 8400 E Prentice Ave #1401. The company focuses on acquiring, financing, and managing a diverse portfolio of residential and commercial mortgage loans, as well as mortgage-backed securities.
WMC leverages its relationship with Western Asset Management Company, a globally recognized asset manager, to optimize its investment strategies. This partnership allows WMC to benefit from extensive market insights, robust risk management frameworks, and an experienced team of professionals dedicated to delivering value to shareholders.
Core Business
Western Asset Mortgage Capital Corporation primarily invests in a wide range of mortgage-backed assets. Their portfolio includes agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other related investments. By diversifying their holdings, WMC aims to achieve attractive risk-adjusted returns for their investors.
Recent Achievements
WMC has made significant strides in optimizing its portfolio and enhancing shareholder value. Recent initiatives include strategic acquisitions and dispositions that align with prevailing market conditions, effectively managing interest rate risks, and maintaining a strong balance sheet.
Current Projects
The company continues to explore new investment opportunities in the mortgage-backed securities market. These projects are designed to capitalize on favorable market trends and regulatory environments, ensuring sustainable growth and profitability.
Financial Condition
WMC maintains a strong financial position, with a focus on prudent risk management and capital preservation. The company's robust financial health is complemented by its commitment to transparency and regular communication with stakeholders.
Partnerships
Western Asset Mortgage Capital Corporation's strategic partnership with Western Asset Management Company plays a crucial role in its success. This collaboration provides WMC with access to cutting-edge research, seasoned investment professionals, and a comprehensive risk management framework.
Products
WMC offers a range of investment products tailored to meet the needs of institutional and individual investors. These products are designed to provide exposure to high-quality mortgage-backed securities, offering attractive yields and stable returns.
For the latest updates and detailed information on Western Asset Mortgage Capital Corporation's performance, events, and developments, stay tuned to our news section.
Western Asset Mortgage Capital Corporation (NYSE: WMC) has declared a cash dividend of $0.35 per share for Q1 2023, payable on April 26, 2023, to shareholders on record as of April 3, 2023. The ex-dividend date is set for March 31, 2023. Additionally, the company's estimated GAAP book value per share as of February 28, 2023, is approximately $16.95. This figure is unaudited and subject to change based on market conditions and operational results.
Western Asset Mortgage Capital Corporation (WMC) reported its fourth-quarter and full-year 2022 results, demonstrating a commitment to strengthening liquidity and balancing its investments amid challenging market conditions.
The company completed securitizations of $834.2 million in Residential Whole Loans, securing $750.8 million in long-term fixed-rate financing. However, it faced a GAAP net loss of $828,000 for Q4 2022 and an annual loss of $89.1 million. The GAAP book value per share declined by 3.2% in Q4 and 46% for the year. Despite these challenges, WMC declared a total annual dividend of $1.60 per share, yielding approximately 17.6% based on its stock price.
Western Asset Mortgage Capital Corporation (NYSE: WMC) will release its fourth-quarter and annual financial results on
Western Asset Mortgage Capital Corporation (NYSE: WMC) announced the tax treatment of its common stock dividends declared in 2022, aiding stockholders with tax reporting obligations. Stockholders will receive IRS Form 1099-DIV from their brokers, reflecting the following distributions:
- January 26, 2022: $0.0600 per share
- April 26, 2022: $0.0400 per share
- July 25, 2022: $0.0400 per share
- October 26, 2022: $0.4000 per share
The total qualified dividends and non-qualified dividends are provided, along with a suggestion to consult tax advisors for personalized tax impacts.
Western Asset Mortgage Capital Corporation (NYSE: WMC) announced a cash dividend of $0.40 per share for Q4 2022, payable on January 26, 2023 to shareholders of record as of January 3, 2023. The ex-dividend date is December 30, 2022. Additionally, the estimated GAAP book value per share as of November 30, 2022 is approximately $16.82, subject to fluctuations based on market conditions and operations. This value is unaudited and may differ significantly from current valuations.
Western Asset Mortgage Capital Corporation (WMC) reported its third-quarter results, revealing a GAAP net loss of $40.0 million or $6.63 per share, impacted by rising interest rates. The GAAP book value per share decreased 30.2% to $16.22. The company executed a reverse stock split and recent strategic alternatives review aimed at enhancing shareholder value. Highlights include $41.3 million from residential loan sales and a declared dividend of $0.40 per share, resulting in a yield of approximately 14.3%. Unrestricted cash stood at $28.6 million post-retirement of 2022 Notes.
Western Asset Mortgage Capital Corporation (NYSE: WMC) will release its third-quarter financial results for the period ending September 30, 2022, after market close on November 3, 2022. A conference call will follow on November 4, 2022, at 12:00 p.m. ET, where the results will be discussed. Investors can pre-register for the call to streamline their participation. A replay of the call will be available until November 11, 2022. The company focuses on a diverse portfolio of residential real estate-related investments.
Western Asset Mortgage Capital Corporation (NYSE: WMC) has declared a cash dividend of
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