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. Approximately 55% of the issued and outstanding shares of WMC common stock entitled to vote at the special meeting of stockholders of WMC voted in favor of the adoption of the previously announced Agreement and Plan of Merger, dated as of August 8, 2023 (the "Merger Agreement"), by and among MITT, AGMIT Merger Sub, LLC, a wholly owned subsidiary of MITT ("Merger Sub"), WMC and, solely for the limite

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. The second interim fourth quarter dividend is being made in connection with the previously announced Agreement and Plan of Merger, dated as of August 8, 2023 (the "Merger Agreement"), by and among AG Mortgage Investment Trust, Inc. ("MITT"), AGMIT Merger Sub, LLC ("Merger Sub"), WMC and, solely for the limited purposes set fo

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. A substantial majority of stockholders who have voted to date have voted in favor of the proposed merger with MITT. However, as of the date of this release, a quorum has not been achieved and there are not suffic

Western Asset Mortgage Capital Corporation Strongly Encourages Stockholders to Vote "FOR" the Merger by Monday, November 6, 2023 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 app

Western Asset Mortgage Capital Corporation Encourages Stockholders to Vote "FOR" the Merger 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 $

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. The interim fourth quarter dividend is being made pursuant to the terms of the previously announced Agreement and Plan of Merger, dated as of August 8, 2023 (the "Merger Agreement"), by and among AG Mortgage Investment Trust, Inc. ("MITT"), AGMIT Merger Sub, LLC ("Merger Sub"), WMC and, solely for the limited purposes set forth in the Merger Agreement, AG REIT Management, LLC, pursuant to which, subject to the terms and cond

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

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. In addition, the Company estimates that its GAAP book value per share, as of August 31, 2023, was approximately $13.97. The August 31, 2023 estimated GAAP book value is unaudited, has not been verified or reviewed by any third party and is subject to normal quarterly reconciliation and other procedures. Further, the estimated book value is as of Augu

NEW YORK, Aug. 12, 2023 (GLOBE NEWSWIRE) -- Western Asset Mortgage Capital Corporation (NYSE:WMC) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of WMC to AG Mortgage Investment Trust, Inc. Under the terms of the proposed merger, WMC shareholders will receive 1.5 shares of AG Mortgage Investment Trust, Inc. for each share of WMC common stocked owned and a cash payment from Angelo Gordon equal to approximately 9.99% of the aggregate per share merger consideration (not to exceed $7 million in total). If you are a WMC investor, and would like additional information about our investigation, please complete the Information R

Terra Property Trust, Inc. ("TPT" or "we") today issued the below statement regarding its terminated merger agreement with Western Asset Mortgage Capital Corporation (NYSE:WMC) ("WMC"). Vik Uppal, Chairman & CEO of TPT and Mavik Capital Management, L.P., commented: "We are disappointed that we could not come to an agreement with WMC's Board of Directors to merge. Our innovative proposal provided superior value to WMC stockholders in every regard, including higher total and cash consideration, perpetually reduced management fees, greater scale with lower leverage, lower transaction costs, and greater certainty of closing. WMC requested additional changes that we were unwilling to make be

B of A Securities reiterated coverage of Western Asset Mortgage with a rating of Underperform and set a new price target of $2.00 from $3.00 previously

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EFFECT - Western Asset Mortgage Capital Corp (0001465885) (Filer)

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8-K - Western Asset Mortgage Capital Corp (0001465885) (Filer)

25-NSE - Western Asset Mortgage Capital Corp (0001465885) (Subject)

8-K - Western Asset Mortgage Capital Corp (0001465885) (Filer)

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8-K - Western Asset Mortgage Capital Corp (0001465885) (Filer)

DEFA14A - Western Asset Mortgage Capital Corp (0001465885) (Filer)

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. Lehman was most recently a senior partner overseeing major real estate accounts at EY (formerly Ernst & Young LLP). In this role, he was instrumental in expanding the firm's thought leadership and eastern region market share. Throughout his three-decade tenure at the firm, he held several leadership positions where he couns

NEW CANAAN, Conn., May 16, 2022 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX:NLCP) (the "Company" or "NewLake"), a leading provider of real estate capital to state-licensed cannabis operators, today announced the retirement of Fred Starker, the Company's Chief Financial Officer and the concurrent appointment of Lisa Meyer as the Company's new Chief Financial Officer, both effective June 13, 2022. Mr. Starker will work with Ms. Meyer to facilitate the transition and he has entered into a consulting agreement with the Company from the date of his retirement through August 13, 2022. David Weinstein, Chief Executive Officer of NewLake commented, "On behalf of the entire NewLake t

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. The second interim fourth quarter dividend is being made in connection with the previously announced Agreement and Plan of Merger, dated as of August 8, 2023 (the "Merger Agreement"), by and among AG Mortgage Investment Trust, Inc. ("MITT"), AGMIT Merger Sub, LLC ("Merger Sub"), WMC and, solely for the limited purposes set fo

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. The interim fourth quarter dividend is being made pursuant to the terms of the previously announced Agreement and Plan of Merger, dated as of August 8, 2023 (the "Merger Agreement"), by and among AG Mortgage Investment Trust, Inc. ("MITT"), AGMIT Merger Sub, LLC ("Merger Sub"), WMC and, solely for the limited purposes set forth in the Merger Agreement, AG REIT Management, LLC, pursuant to which, subject to the terms and cond

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. In addition, the Company estimates that its GAAP book value per share, as of August 31, 2023, was approximately $13.97. The August 31, 2023 estimated GAAP book value is unaudited, has not been verified or reviewed by any third party and is subject to normal quarterly reconciliation and other procedures. Further, the estimated book value is as of Augu

Conference Call and Webcast Scheduled for Tomorrow, August 9, 2023 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time Western Asset Mortgage Capital Corporation (the "Company," "we," or "WMC") (NYSE:WMC) today reported its results for the second quarter ended June 30, 2023. BUSINESS UPDATE The Company continues to execute on its business strategy to take actions to strengthen its balance sheet: For the three months ended June 30, 2023: the Company received $28.4 million from the sale or repayment of Residential Whole Loans and Non-Agency RMBS; the Company received $1.1 million from the repayment or paydown of Commercial Whole Loans, Non-Agency CMBS, and Other Securities; and

Asserts New Proposal Delivers Superior Value for the Company's Stockholders Relative to AG Mortgage Investment Trust's Unsolicited Offer Highlights Proposal Provides Stockholders with Larger Value on a Total Basis and Cash Basis, Perpetually Lower Management Fees, and Greater Certainty of Closing Notes Proposal Also Provides for a Performance-Based, Tiered Incentive Fee Structure, Superior to the Model Utilized by Angelo Gordon Underscores Commitment to Consummating the Merger and Taking All Necessary Steps to Protect Stockholders' Interests Terra Property Trust, Inc. today released the below letter sent to the Board of Directors of Western Asset Mortgage Capital Corporation (NYSE:W

NEW YORK, July 25, 2023  /PRNewswire/ -- Terra Property Trust, Inc. ("TPT"), a real estate investment trust externally managed by a subsidiary of Mavik Capital Management, LP ("Mavik"), today announced that it has acquired approximately 5.2% of the outstanding shares of common stock of AG Mortgage Investment Trust, Inc. (NYSE:MITT) ("MITT") as of July 24, 2023, making TPT the second-largest stockholder of MITT. As disclosed in a Schedule 13D filed today by TPT and other reporting persons, TPT believes that MITT is undervalued and intends to consider all options to unlock this value in a constructive manner for its stockholders, including, without limitation, a strategic combination involving

NEW YORK, June 28, 2023 /PRNewswire/ -- 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 adjust

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 me

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. In addition, the Company estimates that its GAAP book value per share, as of May 31, 2023, was approximately $15.50. The May 31, 2023 estimated GAAP book value is unaudited, has not been verified or reviewed by any third party and is subject to normal quarterly reconciliation and other procedures. Further, the estimated book value is as of May 31, 2023 and doe

Conference Call and Webcast Scheduled for Tomorrow, Friday, May 5, 2023 at 12:00 p.m. Eastern Time/9:00 a.m. Pacific Time Western Asset Mortgage Capital Corporation (the "Company" or "WMC") (NYSE:WMC) today reported its results for the first quarter ended March 31, 2023. BUSINESS UPDATE The Company continues to execute on its business strategy to focus on residential real estate investments and to take actions to strengthen its balance sheet: For the three months ended March 31, 2023, the Company received $36.6 million from the repayment or paydown of Commercial Whole Loans, Non-Agency CMBS, and Other Securities; For the three months ended March 31, 2023, the Company received $3

SC 13G - Western Asset Mortgage Capital Corp (0001465885) (Subject)

SC 13G/A - Western Asset Mortgage Capital Corp (0001465885) (Subject)

SC 13G - Western Asset Mortgage Capital Corp (0001465885) (Subject)

SC 13G/A - Western Asset Mortgage Capital Corp (0001465885) (Subject)