Western Asset Mortgage Capital Corporation Declares Fourth Quarter Dividend of $0.06 Per Share
Western Asset Mortgage Capital Corporation (NYSE: WMC) has declared a cash dividend of $0.06 per share for Q4 2020, payable on January 26, 2021, to shareholders of record as of December 28, 2020. The ex-dividend date is December 24, 2020. The company estimates its GAAP book value per share at approximately $4.18 as of November 30, 2020, noting that this value is subject to fluctuations and may differ materially. An updated investment portfolio presentation is available on the company’s investor relations website.
- Declared cash dividend of $0.06 per share, boosting shareholder income.
- Estimated GAAP book value per share of $4.18 offers a benchmark for valuation.
- GAAP book value is unaudited and subject to fluctuations.
- Potential uncertainties related to market conditions and the ongoing impact of COVID-19.
Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of
In addition, the Company estimates that its GAAP book value per share, as of November 30, 2020, was approximately
On December 17, 2020, the Company posted a slide presentation on the “Presentation” section of the Company’s Investor Relations website http://investorrelations.westernassetmcc.com to provide an update on the Company’s investment portfolio.
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 Residential Whole Loans, Commercial Loans, Non-Agency CMBS, Non-Agency RMBS, GSE Risk Transfer Securities and to a lesser extent Agency RMBS, Agency CMBS and ABS. 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 Franklin Resources, Inc. Please visit the Company’s website at www.westernassetmcc.com.
FORWARD-LOOKING STATEMENTS
This press release contains statements that may constitute "forward-looking statements." For these statements, the Company claims the protections of the safe harbor for forward-looking statements contained in such sections. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. In particular, it is difficult to fully assess the impact of COVID-19 at this time due to, among other factors, uncertainty regarding the severity and duration of the outbreak domestically and internationally and the effectiveness of federal, state and local governments’ efforts to contain the spread of COVID-19 and respond to its direct and indirect impact on the U.S. economy and economic activity. Other factors are described in Risk Factors section of the Company’s annual report on Form 10-K for the period ended December 31, 2019 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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