| UNITED STATES | |
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| Notice of Effectiveness | |
| Effectiveness Date: | December 6, 2023 |
| Accession Number: | 0001628280-23-040889 | ||||||
| Submission Type: | POS AM | ||||||
| |||||||
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/9/2022 | $3.00 → $2.00 | Underperform | B of A Securities |
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 (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
15-12G - Western Asset Mortgage Capital Corp (0001465885) (Filer)
EFFECT - Western Asset Mortgage Capital Corp (0001465885) (Filer)
S-8 POS - Western Asset Mortgage Capital Corp (0001465885) (Filer)
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 limited pu
Wednesday marks the last chance for investors to receive the next dividend payout from Western Asset Mortgage (NYSE:WMC). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 14 cents per share. On Thursday, Western Asset Mortgage will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 14 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own WMC as of the end of Wednesday's session are eligible to receive the
4 - Western Asset Mortgage Capital Corp (0001465885) (Issuer)
4 - Western Asset Mortgage Capital Corp (0001465885) (Issuer)
4 - Western Asset Mortgage Capital Corp (0001465885) (Issuer)
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
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
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)