Articles from Western Asset Mortgage Capital Corporation

Western Asset Mortgage Capital Corporation (the “Company,” “we,” or “WMC”) (NYSE: WMC) announced today that its stockholders have voted to approve the proposed merger transaction with AG Mortgage Investment Trust, Inc. (“MITT”) (NYSE: MITT) at a special meeting of stockholders of WMC held today.

Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) announced that its Board of Directors has declared a second interim fourth quarter dividend of $0.10 per common share in light of the adjournment of the special meeting of WMC stockholders until December 5, 2023. The dividend is payable on December 5, 2023 to stockholders of record as of November 30, 2023.

Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) announced that it expects to adjourn its special meeting of stockholders (the “Special Meeting”) relating to the proposed merger with AG Mortgage Investment Trust, Inc. (“MITT”) until December 5, 2023, at 9:00 a.m. Pacific Time, online in a virtual-only meeting format, due to a lack of quorum and to allow further solicitation of proxies from WMC common stockholders for the approval of the merger at the Special Meeting.

Western Asset Mortgage Capital Corporation (the “Company,” “we,” or “WMC”) (NYSE: WMC) announced today that Glass Lewis became the second leading independent proxy advisory firm, joining Institutional Shareholder Services Inc. (ISS), to recommend that stockholders vote “FOR” the proposed merger with AG Mortgage Investment Trust, Inc. (“MITT”), in which each outstanding share of WMC common stock will be converted into the right to receive (i) 1.498 shares of MITT common stock and (ii) the per share portion of a cash payment equal to the lesser of $7,000,000 or approximately 9.9% of the aggregate per share merger consideration. Any difference between $7,000,000 and such smaller amount will be used to benefit the combined company post-closing by offsetting reimbursable expenses that would otherwise be payable to AG REIT Management, LLC, which would be the manager of the combined company.

Western Asset Mortgage Capital Corporation (the “Company,” “we,” or “WMC”) (NYSE: WMC) announced today that leading proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) recommends that stockholders vote “FOR” the proposed merger with AG Mortgage Investment Trust, Inc. (“MITT”), in which each outstanding share of WMC common stock will be converted into the right to receive (i) 1.498 shares of MITT common stock and (ii) the per share portion of a cash payment equal to the lesser of $7,000,000 or approximately 9.9% of the aggregate per share merger consideration. Any difference between $7,000,000 and such smaller amount will be used to benefit the combined company post-closing by offsetting reimbursable expenses that would otherwise be payable to AG REIT Management, LLC, which would be the manager of the combined company.

Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) announced that its Board of Directors has declared an interim fourth quarter dividend of $0.14 per common share. The dividend is payable on November 8, 2023 to stockholders of record as of November 3, 2023.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”), a publicly traded residential mortgage REIT managed by AG REIT Management, LLC, an affiliate of Angelo, Gordon & Co., L.P. (“Angelo Gordon”), a leading $74 billion alternative investment firm, and Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”), jointly announced today that they have determined the final exchange ratio in accordance with the terms of the Agreement and Plan of Merger, dated as of August 8, 2023 (the “Merger Agreement”), by and among MITT, AGMIT Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of MITT (“Merger Sub”), WMC and, solely for the limited purposes set forth in the Merger Agreement, AG REIT Management, LLC, a Delaware limited liability company (“MITT Manager”), pursuant to which, subject to the terms and conditions therein, WMC will be merged with and into Merger Sub, with Merger Sub continuing as the surviving company (such transaction, the “Merger”).

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.35 per share for the third quarter of 2023. Today’s dividend is payable on October 26, 2023 to common shareholders of record as of October 2, 2023, with an ex-dividend date of September 29, 2023.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”), a publicly traded residential mortgage REIT managed by AG REIT Management, LLC, an affiliate of Angelo, Gordon & Co., L.P. (“Angelo Gordon”), a leading $73 billion alternative investment firm, and Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”), today announced that they have entered into a definitive merger agreement, pursuant to which MITT will acquire WMC in a fixed exchange ratio stock/cash transaction. WMC has terminated its previously announced acquisition agreement with Terra Property Trust, Inc. in accordance with the terms of such agreement.

Western Asset Mortgage Capital Corporation (the “Company,” “we,” or “WMC”) (NYSE: WMC) today reported its results for the second quarter ended June 30, 2023.

Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) today announced that WMC’s board of directors has determined in good faith, after consultation with its financial advisors and outside legal counsel, that the unsolicited proposal from AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) to acquire WMC is a “Parent Superior Proposal” within the meaning of WMC’s merger agreement with Terra Property Trust, Inc. (“TPT”).

Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) today announced that WMC’s board of directors has determined in good faith, after consultation with its financial advisors and outside legal counsel, that the unsolicited proposal from AG Mortgage Investment Trust, Inc. (NYSE: MITT)(“MITT”) to acquire WMC is reasonably expected to lead to a “Parent Superior Proposal” within the meaning of WMC’s merger agreement with Terra Property Trust, Inc. (“TPT”).

Terra Property Trust, Inc. (“TPT”), an externally managed real estate investment trust (“REIT”) that originates, invests in, and manages loans and assets secured by commercial real estate (“CRE”), and Western Asset Mortgage Capital Corporation (NYSE: WMC), an externally managed REIT that invests in, finances, and manages a portfolio of real estate-related securities, whole loans, and other financial assets, today jointly announced that they have entered into a definitive merger agreement (the “Agreement”) under which TPT and WMC have agreed to combine to form a REIT that is expected to have approximately $1.2 billion in assets and $436 million of adjusted book value upon completion of the merger (prior to deducting transaction expenses).

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.35 per share for the second quarter of 2023. Today’s dividend is payable on July 26, 2023 to common shareholders of record as of July 3, 2023, with an ex-dividend date of June 30, 2023.

Western Asset Mortgage Capital Corporation (the “Company” or “WMC”) (NYSE: WMC) today reported its results for the first quarter ended March 31, 2023.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the first quarter ended March 31, 2023 after the market closes on Thursday, May 4, 2023. The Company will host a corresponding conference call with a live webcast on Friday, May 5, 2023 at 12:00 p.m. Eastern Time/9:00 a.m. Pacific Time, to discuss those results.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.35 per share for the first quarter of 2023. Today’s dividend is payable on April 26, 2023 to common shareholders of record as of April 3, 2023, with an ex-dividend date of March 31, 2023.

Western Asset Mortgage Capital Corporation (the “Company” or "WMC") (NYSE: WMC) today reported its results for the fourth quarter and the year ended December 31, 2022.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the fourth quarter and year ended December 31, 2022 after the market closes on Thursday, March 2, 2023. The Company will host a corresponding conference call with a live webcast on Friday, March 3, 2023 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results.

Please replace the release dated February 6, 2023 with the following corrected version due to multiple revisions.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.40 per share for the fourth quarter of 2022. Today’s dividend is payable on January 26, 2023 to common shareholders of record as of January 3, 2023, with an ex-dividend date of December 30, 2022.

Western Asset Mortgage Capital Corporation (the “Company” or "WMC") (NYSE: WMC) today reported its results for the third quarter ended September 30, 2022.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the third quarter ended September 30, 2022 after the market closes on Thursday, November 3, 2022. The Company will host a corresponding conference call with a live webcast on Friday, November 4, 2022 at 12:00 p.m. Eastern Time/9:00 a.m. Pacific Time, to discuss those results.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.40 per share for the third quarter of 2022. Today’s dividend is payable on October 26, 2022 to common shareholders of record as of October 3, 2022, with an ex-dividend date of September 30, 2022.

Western Asset Mortgage Capital Corporation (the “Company” or "WMC") (NYSE: WMC) today reported its results for the second quarter ended June 30, 2022.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the second quarter ended June 30, 2022 after the market closes on Thursday, August 4, 2022. The Company will host a corresponding conference call with a live webcast on Friday, August 5, 2022 at 12:00 p.m. Eastern Time/9:00 a.m. Pacific Time, to discuss those results.

Western Asset Mortgage Capital Corporation (NYSE: WMC) (the “Company”) today announced that it has priced an aggregate $351.9 million of Mortgage-Backed Notes, Series 2022-2 (the “Notes”) in a residential mortgage-backed securitization comprised of a portfolio of residential whole loans. The Notes, which initially will be issued by Arroyo Mortgage Trust 2022-2 in four classes, were priced with a weighted average fixed interest rate of approximately 5.9% per annum. All of the Notes are anticipated to have a final payment date in July 2057. The Notes will be issued in a private placement to qualified institutional investors and non-US persons under Regulation S of the Securities Act. It is expected that S&P and DBRS will rate the Notes at closing. The anticipated S&P and DBRS ratings for the Class A-1Notes are AAA(sf) and AAA(sf), respectively. The offering is subject to customary closing conditions and is expected to close on or about July 13, 2022.

Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC” or the “Company”) today announced that its Board of Directors has approved a reverse stock split of the Company’s common stock at a ratio of 1-for-10. The reverse stock split was previously approved by stockholders at the Annual Meeting of Stockholders held on June 24, 2022.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.04 per share for the second quarter of 2022. Today’s dividend is payable on July 25, 2022 to common shareholders of record as of July 1, 2022, with an ex-dividend date of June 30, 2022.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today the appointment of Robert W. Lehman as Chief Financial Officer, effective tomorrow, June 15th. Lehman is a real estate and REIT specialist with more than 35 years of experience in accounting, auditing, strategic plan creation and execution, capital markets and mergers and acquisitions.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that Lisa Meyer, President, Chief Financial Officer and Treasurer of the Company, will be leaving the Company to pursue another opportunity. The Company is in the process of identifying candidates to serve as her successor, and will provide an update when an interim or permanent successor is appointed. Ms. Meyer will remain with the Company through June 10, 2022 to assist with the transition.

Western Asset Mortgage Capital Corporation (the “Company” or "WMC") (NYSE: WMC) today reported its results for the first quarter ended March 31, 2022.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the first quarter ended March 31, 2022 after the market closes on Thursday, May 5, 2022. The Company will host a corresponding conference call with a live webcast on Friday, May 6, 2022 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results and answer questions.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.04 per share for the first quarter of 2022. Today’s dividend is payable on April 26, 2022 to common shareholders of record as of April 4, 2022, with an ex-dividend date of April 1, 2022.

Western Asset Mortgage Capital Corporation (NYSE: WMC) (the “Company”) today announced that it has priced an aggregate $398.9 million of Mortgage-Backed Notes, Series 2022-1 (the “Notes”) in a residential mortgage-backed securitization comprised of a portfolio of residential whole loans. The Notes, which initially will be issued by Arroyo Mortgage Trust 2022-1 in five classes, were priced with a weighted average fixed interest rate of approximately 3.1% per annum. All of the Notes are anticipated to have a final payment date in December 2056. The Notes will be issued in a private placement to qualified institutional investors and non-US persons under Regulation S of the Securities Act. It is expected that S&P and DBRS will rate the Notes at closing. The anticipated S&P and DBRS ratings for the Class A-1A Notes and the Class A-1B Notes are AAA(sf) and AAA(sf), respectively. The offering is subject to customary closing conditions and is expected to close on or about February 11, 2022.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the fourth quarter and year ended December 31, 2021 after the market closes on Wednesday, March 2, 2022. The Company will host a corresponding conference call with a live webcast on Thursday, March 3, 2022 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results and answer questions.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today the tax treatment of its common stock dividends declared in 2021.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.06 per share for the fourth quarter of 2021. Today’s dividend is payable on January 26, 2022 to common shareholders of record as of December 31, 2021, with an ex-dividend date of December 30, 2021.

Western Asset Mortgage Capital Corporation (the “Company” or "WMC") (NYSE: WMC) today reported its results for the third quarter ended September 30, 2021.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the third quarter ended September 30, 2021 after the market closes on Thursday, November 4, 2021. The Company will host a corresponding conference call with a live webcast on Friday, November 5, 2021 at 12:00 p.m. Eastern Time/9:00 a.m. Pacific Time, to discuss those results and answer questions.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.06 per share for the third quarter of 2021. Today’s dividend is payable on October 26, 2021 to common shareholders of record as of October 4, 2021, with an ex-dividend date of October 1, 2021.

Western Asset Mortgage Capital Corporation (NYSE: WMC) (the “Company”) today announced the pricing of its previously announced public offering of $75 million aggregate principal amount of its 6.75% Convertible Senior Notes due 2024 (the “Notes”). The Company has granted the underwriter a 30-day option to purchase up to $11.25 million aggregate principal amount of additional Notes on the same terms and conditions to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on or about September 14, 2021, subject to satisfaction of customary closing conditions.

Western Asset Mortgage Capital Corporation (NYSE: WMC) (the “Company”) today announced that it intends to offer, subject to market and other conditions, Convertible Senior Notes due 2024 (the “Notes”). The Company intends to grant the underwriter a 30-day option to purchase additional Notes to cover over-allotments, if any.

Western Asset Mortgage Capital Corporation (NYSE: WMC) (the “Company”) announced today that Jennifer Murphy will resign from her positions as President, Chief Executive Officer (“CEO”) and as a member of the Board of Directors of the Company (the “Board”), effective October 1, 2021, to pursue a new venture. To replace her, the Board of Directors of the Company has appointed Bonnie Wongtrakool as CEO, and Lisa Meyer as President of the Company, effective October 1, 2021. Ms. Wongtrakool will also be appointed to the Board. Ms. Meyer will continue to serve as Chief Financial Officer (“CFO”) of the Company. Both Ms. Wongtrakool and Ms. Meyer will work closely with Ms. Murphy, who will remain with the Company as a Senior Advisor through December 31, 2021, to ensure a smooth transition of leadership.

Western Asset Mortgage Capital Corporation (the “Company” or "WMC") (NYSE: WMC) today reported its results for the second quarter ended June 30, 2021.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the second quarter ended June 30, 2021 after the market closes on Tuesday, August 3, 2021. The Company will host a corresponding conference call with a live webcast on Wednesday, August 4, 2021 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results and answer questions.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.06 per share for the second quarter of 2021. Today’s dividend is payable on July 26, 2021 to common shareholders of record as of July 02, 2021, with an ex-dividend date of June 30, 2021.

Western Asset Mortgage Capital Corporation (the “Company” or "WMC") (NYSE: WMC) today reported its results for the first quarter ended March 31, 2021.

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the first quarter ended March 31, 2021 after the market closes on Wednesday, May 5, 2021. The Company will host a corresponding conference call with a live webcast on Thursday, May 6, 2021 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results and answer questions.