WMC | Jotup

Glennda Testone Joins the Nonprofit Leadership Lab as its Inaugural CEO

Retrieved on:

Tuesday, January 9, 2024

Empowerment, GLAAD, Female, Social change, Transgender, ED, Media center, Lab, Women, WMC, Growth, Management

MONTCLAIR, N.J., Jan. 9, 2024 /PRNewswire/ -- The Nonprofit Leadership Lab , which empowers and educates leaders of small and medium-sized nonprofits, is delighted to welcome Glennda Testone as its inaugural Chief Executive Officer (CEO), effective February 1, 2024.

Key Points:

MONTCLAIR, N.J., Jan. 9, 2024 /PRNewswire/ -- The Nonprofit Leadership Lab , which empowers and educates leaders of small and medium-sized nonprofits, is delighted to welcome Glennda Testone as its inaugural Chief Executive Officer (CEO), effective February 1, 2024.
"I'm so excited to work with the Lab community.
The Lab is a bigger, broader canvas, to support, strengthen and diversify the nonprofit sector.
"The Nonprofit Leadership Lab's remarkably empathetic and inclusive global community encourages nonprofit staff and board leaders to develop their strengths as the visionary leaders their organizations deserve.

AG Mortgage Investment Trust, Inc. Completes Acquisition of Western Asset Mortgage Capital Corporation

Retrieved on:

Wednesday, December 6, 2023

Commercial Building & Real Estate, Construction & Property, Insurance, Finance, Consulting, Banking, Professional Services, REIT, Slate, Acquisition, NYSE, LLP, Risk, MITT, Growth, WMC

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced today that it has completed the previously announced acquisition of Western Asset Mortgage Capital Corporation (“WMC”) via merger with a wholly owned subsidiary of MITT.

Key Points:

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced today that it has completed the previously announced acquisition of Western Asset Mortgage Capital Corporation (“WMC”) via merger with a wholly owned subsidiary of MITT.
“The completion of the WMC acquisition marks a significant milestone for MITT in achieving its growth and scale initiatives,” said TJ Durkin, Chief Executive Officer and President of MITT.
Cash was paid in lieu of fractional shares of MITT common stock that would have been received as a result of the merger.
Piper Sandler & Co. acted as exclusive financial advisor and Hunton Andrews Kurth LLP acted as legal advisor to MITT.

Western Asset Mortgage Capital Corporation Announces Stockholder Approval of Merger With AG Mortgage Investment Trust

Retrieved on:

Tuesday, December 5, 2023

Commercial Building & Real Estate, Construction & Property, Finance, Banking, Professional Services, REIT, Business, Residential Building & Real Estate, Tripura Merger Agreement, Sub, NYSE, Agreement, AG, MITT, Plan, WMC, Holding company, Mergers and acquisitions

Western Asset Mortgage Capital Corporation (the “Company,” “we,” or “WMC”) (NYSE: WMC) announced today that its stockholders have voted to approve the proposed merger transaction with AG Mortgage Investment Trust, Inc. (“MITT”) (NYSE: MITT) at a special meeting of stockholders of WMC held today.

Key Points:

Western Asset Mortgage Capital Corporation (the “Company,” “we,” or “WMC”) (NYSE: WMC) announced today that its stockholders have voted to approve the proposed merger transaction with AG Mortgage Investment Trust, Inc. (“MITT”) (NYSE: MITT) at a special meeting of stockholders of WMC held today.
“On behalf of the Board of Directors of WMC, I would like to thank our stockholders for their support of this transaction,” said James Hirschmann, Chairman of the Board of Directors of WMC.
“We look forward to working with MITT to successfully complete the Merger,” added Bonnie Wongtrakool, Chief Executive Officer of WMC.
MITT will pay cash in lieu of any fractional shares of MITT common stock that would otherwise have been received as a result of the Merger.

AG Mortgage Investment Trust, Inc. Announces Second Interim Fourth Quarter Common Dividend of $0.05 Per Share

Retrieved on:

Monday, November 20, 2023

Commercial Building & Real Estate, Construction & Property, Insurance, Finance, Consulting, Banking, Professional Services, REIT, Tripura Merger Agreement, Sub, NYSE, Security (finance), Agreement, AG, MITT, Plan, WMC, Holding company, Mergers and acquisitions

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that its Board of Directors has declared a second interim fourth quarter dividend of $0.05 per common share in light of the adjournment of the special meeting of Western Asset Mortgage Capital Corporation (“WMC”) stockholders until December 5, 2023.

Key Points:

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that its Board of Directors has declared a second interim fourth quarter dividend of $0.05 per common share in light of the adjournment of the special meeting of Western Asset Mortgage Capital Corporation (“WMC”) stockholders until December 5, 2023.
MITT expects to declare its remaining fourth quarter dividend in the ordinary course in December 2023.
MITT previously declared an interim fourth quarter dividend in the amount of $0.08 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.

Western Asset Mortgage Capital Corporation Announces Second Interim Fourth Quarter Common Dividend of $0.10 Per Share

Retrieved on:

Monday, November 20, 2023

Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Tripura Merger Agreement, Sub, NYSE, Security (finance), Agreement, AG, MITT, Plan, WMC, Holding company, Mergers and acquisitions

Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) 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.

Key Points:

Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) 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.
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.

AG Mortgage Investment Trust, Inc. Reports Third Quarter 2023 Results

Retrieved on:

Tuesday, November 7, 2023

AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended September 30, 2023.

Key Points:

AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended September 30, 2023.
The Merger is expected to close in the fourth quarter 2023.
Our independent directors unanimously consented to such assignment on July 31, 2023 in advance of the TPG Transaction closing.
The following summarizes the Company’s Investment Portfolio as of September 30, 2023(4) ($ in millions):

AG Mortgage Investment Trust, Inc. Stockholders Approve Issuance of Common Stock in Merger With Western Asset Mortgage Capital Corporation

Retrieved on:

Tuesday, November 7, 2023

Professional Services, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Mergers and acquisitions, WMC, MITT, NYSE, Holding company

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that at the special meeting of stockholders held today its stockholders approved the issuance of MITT’s common stock pursuant to the terms of the previously announced merger agreement with Western Asset Mortgage Capital Corporation (“WMC”).

Key Points:

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”) announced that at the special meeting of stockholders held today its stockholders approved the issuance of MITT’s common stock pursuant to the terms of the previously announced merger agreement with Western Asset Mortgage Capital Corporation (“WMC”).
Pursuant to the merger agreement, MITT will acquire WMC through WMC’s merger with and into a wholly owned subsidiary of MITT (the “Merger”).
The Merger is expected to close in the fourth quarter of 2023, subject to WMC’s stockholders approving the Merger and the other closing conditions in the merger agreement being satisfied.

Western Asset Mortgage Capital Corporation Expects to Adjourn Special Meeting of Stockholders Until December 5, 2023

Retrieved on:

Monday, November 6, 2023

Construction & Property, Finance, Public Relations, Investor Relations, Consulting, Communications, Professional Services, REIT, Business, Glass Lewis, WMC, MITT, NYSE, Proxy, Special, ISS, Holding company

Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) announced that it expects to adjourn its special meeting of stockholders (the “Special Meeting”) relating to the proposed merger with AG Mortgage Investment Trust, Inc. (“MITT”) until December 5, 2023, at 9:00 a.m. Pacific Time, online in a virtual-only meeting format, due to a lack of quorum and to allow further solicitation of proxies from WMC common stockholders for the approval of the merger at the Special Meeting.

Key Points:

Western Asset Mortgage Capital Corporation (NYSE: WMC) (“WMC”) announced that it expects to adjourn its special meeting of stockholders (the “Special Meeting”) relating to the proposed merger with AG Mortgage Investment Trust, Inc. (“MITT”) until December 5, 2023, at 9:00 a.m. Pacific Time, online in a virtual-only meeting format, due to a lack of quorum and to allow further solicitation of proxies from WMC common stockholders for the approval of the merger at the Special Meeting.
A substantial majority of stockholders who have voted to date have voted in favor of the proposed merger with MITT.
By holding the Special Meeting on December 5, 2023, stockholders will have additional time to vote by proxy.
The record date of the Special Meeting, September 22, 2023, remains unchanged, and there is no change to the purpose of the Special Meeting or any of the proposals to be acted upon at the Special Meeting.

Leading Independent Proxy Advisory Firm Glass Lewis Joins ISS in Recommending Western Asset Mortgage Capital Corporation Stockholders Vote “FOR” the Proposed Merger With AG Mortgage Investment Trust

Retrieved on:

Friday, November 3, 2023

“Every vote is important and we strongly encourage all stockholders of WMC to follow the recommendations of Glass Lewis and the Board of Directors by voting 'FOR' the merger.

Key Points:

“Every vote is important and we strongly encourage all stockholders of WMC to follow the recommendations of Glass Lewis and the Board of Directors by voting 'FOR' the merger.
We recommend that you enter your vote by November 6, 2023, in order to ensure adequate time for tabulation prior to the special meeting,” added Wongtrakool.
In addition, you may contact Larry Clark, WMC’s Investor Relations representative, at +1 (310) 622-8223 or by email at [email protected] .
Following consummation of the merger, the separate corporate existence of WMC will cease and WMC’s shares of common stock will cease to be listed on the New York Stock Exchange.

Leading Independent Proxy Advisory Firm ISS Recommends AG Mortgage Investment Trust Stockholders Vote “FOR” the Proposed Merger With Western Asset Mortgage Capital Corporation

Retrieved on:

Friday, October 27, 2023

REIT, Finance, Professional Services, Residential Building & Real Estate, Construction & Property, WMC, Security (finance), MITT, NYSE, Acquisition, Growth, EPS, ISS, AG, Holding company

Further, the merger is expected to generate cost savings and be accretive to earnings.

Key Points:

Further, the merger is expected to generate cost savings and be accretive to earnings.
As such, support for the proposed transaction is warranted.”
T.J. Durkin, Chief Executive Officer, President and Director of MITT, said, “We are pleased that ISS has recommended that stockholders vote “FOR” our proposed acquisition of WMC.
The report clearly recognizes the attractive strategic and financial rationale for the transaction, which serves the interests of stockholders of both companies.
If MITT stockholders have any questions or need assistance in voting their shares, they should contact MITT’s proxy solicitor, Innisfree M&A Incorporated, by calling +1 (877) 750-8312.