Western Asset Mortgage Capital Corporation announced that its Board of Directors has declared a second interim fourth quarter dividend of $0.10 per common share in light of the adjournment of the special meeting of WMC stockholders until December 5, 2023. The dividend is payable on December 5, 2023 to stockholders of record as of November 30, 2023. The second interim fourth quarter dividend is being made in connection with the previously announced Agreement and Plan of Merger, dated as of August 8, 2023, by and among AG Mortgage Investment Trust Inc., AGMIT Merger Sub, LLC, WMC and, solely for the limited purposes set forth in the Merger Agreement, AG REIT Management, LLC, pursuant to which, subject to the terms and conditions therein, WMC will be merged with and into Merger Sub, with Merger Sub continuing as the surviving company.

WMC previously declared an interim fourth quarter dividend in the amount of $0.14 to stockholders of record as of November 3, 2023, which was paid on November 8, 2023. This second interim fourth quarter dividend payment covers the period following the payment of the first interim fourth quarter dividend through the day prior to December 6, 2023, the expected closing date of the Merger. MITT is also distributing a similar partial payment dividend to its common stockholders of record.