Western Asset Mortgage Capital Corporation (the “Company”) is a diversified mortgage finance REIT that is externally managed by Western Asset Management Company, LLC (“Western Asset”), a leading fixed income manager with global investment capabilities and infrastructure. The Company’s primary goal is to maximize total economic return for its shareholders by generating consistent and sustainable core earnings that support an attractive dividend while also maintaining a relatively stable book value. The Company benefits from the deep investment experience of Western Asset’s Mortgage and Consumer Credit Team that is responsible for acquiring and managing mortgage loans and securities for the Company’s portfolio. Western Asset seeks through its active management style to identify attractive investment opportunities that will perform through a variety of market cycles. We believe Western Asset’s depth and breadth of fixed income expertise, comprehensive platform, and global institutional relationships provide the Company with key strategic advantages, including best-in-class risk and portfolio management practices, operational excellence, and the highest standards of financial reporting, disclosure and transparency.