PASADENA, California – (BUSINESS WIRE) – Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its board of directors has approved a cash dividend of $ 0.06 per share for the fourth quarter of 2020. Today’s dividend is payable on January 26th. 2021 to registered ordinary shareholders on December 28, 2020 with an ex-dividend date of December 24, 2020.
Additionally, the company estimates its GAAP book value per share as of November 30, 2020 at approximately $ 4.18. The estimated GAAP book value as of November 30, 2020 is unaudited, has not been verified or verified by a third party, and is subject to customary quarterly reconciliation and other procedures. Additionally, the estimated book value is November 30, 2020 and does not include the dividend announced today. GAAP book value fluctuates with market conditions, the results of the company’s business, and other factors. The company’s current GAAP book value may differ materially from its estimated GAAP book value as of November 30, 2020.
On December 17, 2020, the company posted a slide presentation in 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, acquires, and manages a diverse portfolio of assets comprised of total residential, commercial, non-agency CMBS, non-agency RMBS, GSE Risk Transfer Securities, and in to a lesser extent agency RMBS, agency CMBS and ABS. The Company’s investment strategy is subject to change subject to the Company’s stated investment guidelines and is based on the perspective of its manager, Western Asset Management Company, LLC, as to which mix of portfolio investments it believes offers the Company the best opportunity-risk at any given point in time. The company is externally managed and advised by Western Asset Management Company, LLC, a registered investment advisor 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.
This press release contains statements that may constitute “forward-looking statements”. For these statements, the company claims the safe haven for forward-looking statements contained in these sections. Forward-looking statements are subject to significant risks and uncertainties, many of which are difficult to predict and generally are beyond the control of the company. In particular, it is currently difficult to fully assess the effects of COVID-19, among other things due to the uncertainty about the severity and duration of the outbreak at home and abroad and the effectiveness of federal, state and local efforts to prevent the spread of COVID-19. 19 and respond to its direct and indirect effects on the US economy and activity. Other factors are described in the Risk Factors section of the Company’s Annual Report on Form 10-K for the period ended December 31, 2019, which is filed with the Securities and Exchange Commission (“SEC”). The company assumes no obligation to update these statements for revisions or changes after the date of this publication unless required by law.