Western Asset Mortgage Capital Corporation Declares $0.38 Initial Dividend And Announces Conference Call To Discuss Second Quarter 2012 Financial Results Second Quarter 2012 Conference Call and Webcast Scheduled for Tuesday, August 14 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time

PASADENA, Calif., July 26, 2012 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.38 per share for the period from May 15, 2012 through June 30, 2012, following the closing of the Company's initial public offering ("IPO") and concurrent private placement. The second quarter 2012 dividend is payable on August 14, 2012 to common shareholders of record as of August 6, 2012, with an ex-dividend date of August 2, 2012.

The Company also announced that it will release financial results for the period from May 15, 2012 through June 30, 2012 after the market closes on Monday, August 13, 2012. The Company will host a corresponding conference call with a live webcast on Tuesday, August 14, 2012 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results and answer questions.  

Individuals interested in participating in the conference call may do so by dialing 877.941.0844 from the United States, or 480.629.9835 from outside the United States and referencing conference ID 4554209. Those interested in listening to the conference call live via the Internet may do so by visiting the Investor Relations section of the Company's website at www.westernassetmcc.com.

A telephone replay will be available through August 28, 2012 by dialing 800.406.7325 from the United States, or 303.590.3030 from outside the United States, and entering conference ID 4554209. A webcast replay will be available for 90 days.

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 may opportunistically supplement its portfolio by investing in its potential 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.

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 Company's prospectus for the Company's initial public offering filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

SOURCE Western Asset Mortgage Capital Corporation


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