Western Asset Mortgage Capital (WMC) Reports Q3 Core EPS of $0.35
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Western Asset Mortgage Capital Corporation Announces Third Quarter 2016 Results
November 2, 2016 4:16 PM EDTPASADENA, Calif., Nov. 2, 2016 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company" or "WMC") (NYSE: WMC) today reported its results for the third quarter ended September 30, 2016.
THIRD QUARTER 2016 HIGHLIGHTS
$0.31 per share common dividend declared. GAAP net income of $32.3 million, or $0.77 per basic and diluted share. Core earnings plus drop income of $14.8 million, or $0.35 per basic and diluted share.1,2 1.85% annualized net interest spread on our investment portfolio.1,5 Constant prepayment rate on the Company's Agency RMBS portfolio of 11.4% for the quarter.... More