Western Asset Mortgage Capital Corporation Declares Third Quarter Dividend of $0.35 Per Share
- The declaration of a cash dividend of $0.35 per share for the third quarter of 2023 is a positive sign for investors, indicating the company's willingness to distribute profits to shareholders.
- None.
In addition, the Company estimates that its GAAP book value per share, as of August 31, 2023, was approximately
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, with a focus on residential real estate related investments, including non-qualified mortgage loans, non-agency RMBS and other related investments. 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. Such risks and uncertainties are described in the Risk Factors section of the Company’s annual report on Form 10-K for the period ended December 31, 2022 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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Investor Relations Contact:
Larry Clark, CFA
Financial Profiles, Inc.
(310) 622-8223
lclark@finprofiles.com
Source: Western Asset Mortgage Capital Corporation