Western Asset Mortgage Capital Corporation Announces Tax Characteristics Of 2015 Dividends

Feb 02, 2016, 06:45 ET from Western Asset Mortgage Capital Corporation

PASADENA, Calif., Feb. 2, 2016 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company") (NYSE: WMC) announced today the tax treatment of its common stock dividends declared in 2015.  The Company's 2015 dividends of $2.49 per share of common stock consisted of 100% ordinary dividends for federal income tax purposes.

The below information is provided to assist the Company's stockholders with tax reporting requirements related to dividend distribution of taxable income by the Company.  Stockholders should receive IRS Form 1099-DIV containing this information from their brokers, transfer agents or other institutions.  These tax statements should be reviewed to ensure that they agree with the information provided below.

Tax Treatment of Distributions The Federal Income Tax classification of the 2015 dividend distributions on the Company's common stock, as it is expected to be reported on Form 1099-DIV, is set forth in the following table:

Record Date

Payment Date

Distribution Rate per Share

Total Ordinary Dividends

Qualified Dividends

Total Capital Gains Distributions

12/28/2015(1)

1/26/2016

$0.58

$0.58

-

-

10/5/2015

10/27/2015

$0.60

$0.60

-

-

6/29/2015

7/28/2015

$0.64

$0.64

-

-

4/6/2015

4/28/2015

$0.67

$0.67

-

-

Total

$2.49

$2.49

-

-

(1)

Pursuant to the Internal Revenue Code Section 857(b)(9), the cash distributions made on January 26, 2016 with a record date of December 28, 2015 are treated as received by the stockholders on December 31, 2015.

Consult Your Tax Advisor Stockholders may have additional reporting obligations to the Internal Revenue Service and/or other tax authorities.

The U.S. federal income tax treatment of holding The Company's common stock to any particular stockholder will depend on the stockholder's particular tax circumstances. You are urged to consult your tax advisor regarding the U.S. federal, state, local and foreign income and other tax consequences to you, in light of your particular investment or tax circumstances, of acquiring, holding and disposing of the Company's common stock.

The Company does not provide tax, accounting or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding U.S., federal, state or local tax penalties. Please consult your advisor as to any tax, accounting or legal statements made herein.

ABOUT WESTERN ASSET MORTGAGE CAPITAL CORPORATION Western Asset Mortgage Capital Corporation is a real estate investment trust that invests in, acquires and manages a diverse portfolio assets consisting of Agency RMBS, Non-Agency RMBS, CMBS, ABS, Residential and Commercial Whole-Loans and other financial assets. The Company's investment strategy may change, subject to the Company's stated investment guidelines, and is based on its manager Western Asset Management Company's perspective of which mix of portfolio assets it believes provide the Company with the best risk-reward opportunities at any given time. The Company is externally managed and advised by Western Asset Management Company, an investment advisor registered with the Securities and Exchange Commission and a wholly-owned subsidiary of Legg Mason, Inc. Please visit the Company's website at www.westernassetmcc.com

 

SOURCE Western Asset Mortgage Capital Corporation



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