Western Asset Mortgage Capital Corporation Announces Departure of Chief Financial Officer and Search for Successor | News

PASADENA, Calif.–(BUSINESS WIRE)–May 13, 2022–

Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that Lisa Meyer, President, Chief Financial Officer and Treasurer of the Company, will be leaving the Company to pursue another opportunity. The Company is in the process of identifying candidates to succeed him and will provide an update when an interim or permanent successor is appointed. Ms. Meyer will remain with the company until June 10, 2022 to help with the transition.

“I would like to thank Lisa for her significant contributions to our team over the past six years. She has been instrumental in shaping and implementing our operational and financial strategy, including overseeing multiple financing and capital markets transactions,” said Bonnie Wongtrakool, Chief Executive Officer of the firm. . “We wish him the best in his future endeavours.”

“While Lisa will be missed, her departure will not prevent us from focusing the portfolio on residential real estate investments,” Wongtrakool continued. “Our team is confident that the transition will be smooth and remains fully dedicated to improving financial performance.”

ABOUT WESTERN ASSET MORTGAGE CAPITAL CORPORATION

Western Asset Mortgage Capital Corporation is a real estate investment trust that invests, acquires and manages a diversified portfolio of assets, with an emphasis on investments related to residential real estate, including non-qualified mortgages, non- -agency and other related investments. The Company’s investment strategy is subject to change, subject to the investment guidelines set forth by the Company, and is based on its manager Western Asset Management Company, LLC’s view of the mix of assets in the portfolio which, according to it offers the Company the best risk-return opportunities at any given time. . The company is externally managed and advised by Western Asset Management Company, LLC, a Securities and Exchange Commission registered investment adviser and a wholly owned subsidiary of Franklin Resources, Inc. Please visit the company’s website at ‘address www.westernassetmcc.com.

FORWARD-LOOKING STATEMENTS

This press release contains statements that may constitute “forward-looking statements.” For such statements, the Company claims the protections of the safe harbor for forward-looking statements contained in these sections. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and generally beyond the Company’s control. In particular, it is difficult to fully assess the impact of COVID-19 at present due to, among other factors, the uncertainty regarding the severity and duration of the epidemic nationally and internationally and the the effectiveness of federal, state, and local government efforts to contain the spread of COVID-19 and respond to its direct and indirect impact on the United States economy and economic activity. Other factors are described in the Risk Factors section of the Company’s Annual Report on Form 10-K for the period ended December 31, 2020 filed with the Securities and Exchange Commission (“SEC”). The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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CONTACT: Investor Relations Contact:

larry clark

Financial Profiles, Inc.

(310) 622-8223

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

SECTOR KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & REAL ESTATE SCI

SOURCE: Western Asset Mortgage Capital Corporation

Copyright BusinessWire 2022.

PUBLISHED: 05/13/2022 16:05 / DISK: 05/13/2022 16:06

http://www.businesswire.com/news/home/20220513005434/en

Copyright BusinessWire 2022.

Luisa D. Fuller