UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 20, 2013
Western Asset Mortgage Capital Corporation
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
(STATE OF INCORPORATION)
001-35543 |
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27-0298092 |
(COMMISSION FILE NUMBER) |
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(IRS EMPLOYER ID. NUMBER) |
385 East Colorado Boulevard |
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91101 |
Pasadena, California |
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(ZIP CODE) |
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) |
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(626) 844-9400
(REGISTRANTS TELEPHONE NUMBER, INCLUDING AREA CODE)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Results of Operations and Financial Condition
On June 20, 2013, Western Asset Mortgage Capital Corporation (the Company) issued a press release announcing that it had declared a quarterly dividend of $0.90, that it had adopted a practice of normally providing estimated book value as of the end of the second month of a quarter in connection with the dividend announcement for that quarter, and that its estimated book value as of May 31, 2013 was approximately $19.25. The text of the press release is furnished as Exhibit 99.1 to this Form 8-K.
Pursuant to the rules and regulations of the Securities and Exchange Commission, Exhibit 99.1 and the information set forth therein and herein are being furnished and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), nor shall such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
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Description |
99.1 |
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Press Release, dated June 20, 2013 issued by Western Asset Mortgage Capital Corporation |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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WESTERN ASSET MORTGAGE CAPITAL CORPORATION | ||
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By: |
/s/ W. Stephen Venable, Jr. |
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Name: W. Stephen Venable, Jr. | |
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Title: Assistant Secretary |
Date: June 20, 2013
Exhibit 99.1
FOR IMMEDIATE RELEASE
WESTERN ASSET MORTGAGE CAPITAL CORPORATION
DECLARES SECOND QUARTER DIVIDEND OF $0.90 PER SHARE
Pasadena, CA, June 20, 2013 Western Asset Mortgage Capital Corporation (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.90 per share for the second quarter of 2013. This dividend is payable on July 29, 2013 to common shareholders of record as of July 1, 2013, with an ex-dividend date of June 27, 2013.
The Company also announced that, commencing with todays second quarter dividend announcement, it has adopted a practice of normally providing estimated book value as of the end of the second month of a quarter in connection with the dividend announcement for that quarter.
In accordance with this practice the Company announced its estimated book value per share, as of May 31, 2013, was approximately $19.25. The May 31, 2013 book value is only an estimate, 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, 2013. Book value will fluctuate with market conditions, the results of the Companys operations and other factors. The Companys current book value may be materially different from the May 31, 2013 estimated book value.
ABOUT WESTERN ASSET MORTGAGE CAPITAL CORPORATION
Western Asset Mortgage Capital Corporation is a REIT that invests primarily in Agency RMBS, which are residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government agency (such as GNMA) or a U.S. Government-sponsored entity (such as FNMA or FHLMC). The Company also invests opportunistically in its other target assets, which include residential mortgage-backed securities that are not guaranteed by a U.S. Government agency or sponsored entity, commercial mortgage-backed securities and other asset-backed securities. The Company is externally managed and advised by Western Asset Management Company, an investment advisor registered with the SEC and a wholly-owned subsidiary of Legg Mason, Inc.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute forward-looking statements. Operating results are subject to numerous conditions, many of which are beyond the control of the Company, including, without limitation, changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability and terms of financing; general economic conditions; market conditions; conditions in the market for mortgage related investments; legislative and regulatory changes that could adversely affect the business of the Company; and other factors, including those set forth in the Risk Factors section of the Companys annual report on Form 10-K for the period ended December 31, 2012 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: |
Media Contact: |
Larry Clark |
Tricia Ross |
Financial Profiles, Inc. |
Financial Profiles, Inc. |
(310) 478-2700 x29 |
(916) 939-7285 |
lclark@finprofiles.com |
tross@finprofiles.com |