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Western Asset Mortgage (WMC) Announces 2.4M Common Buyback

November 19, 2012 8:10 AM EST Send to a Friend
Western Asset Mortgage Capital Corporation (NYSE: WMC) today announced that its Board of Directors has authorized the repurchase of up to 2.4 million shares of its common stock through December 31, 2013.

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 and the program may be suspended or discontinued at the Company's discretion without prior notice. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors.




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