Western Asset Mortgage Capital Corporation Buyback
OLI recorded this information on 12/21/2017
Western Asset Mortgage Capital Corporation
Share Amount Authorized:
Western Asset Mortgage Capital Corporation (the "Company")(NYSE: WMC) today announced that its Board of Directors has reauthorized its share repurchase program, permitting the repurchase of up to 2,100,000 shares of its common stock through December 31, 2019. The previous authorization was set to expire on December 31, 2017. Any purchases made pursuant to the program will be made in the open market, in privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rules 10b5-1 and 10b-18 of the Securities and Exchange Commission. The authorization does not obligate the Company to acquire any particular amount of common shares, or any shares at all, and the program may be suspended or discontinued at the Company's discretion without prior notice.
Western Asset Mortgage Capital is a real estate investment company. Co. focuses on investing in, financing and managing a portfolio of real estate related securities, whole loans and other financial assets, which Co. collectively refers to as its target assets. Co. is externally managed by Western Asset Management Company, LLC, an investment advisor. Co.'s target assets include: agency residential mortgage-backed securities (RMBS), agency commercial mortgage-backed securities (CMBS), non-agency RMBS, non-agency CMBS, non U.S. CMBS, and Government-sponsored entity risk sharing securities issued by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.
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