Western Asset announces stockholder approval of AG Mortgage merger

Western Asset Mortgage Capital Corporation (WMC) announced that its stockholders have voted to approve the proposed merger transaction with AG Mortgage Investment Trust, Inc. (MITT) at a special meeting of stockholders of WMC held today. Approximately 55% of the issued and outstanding shares of WMC common stock entitled to vote at the special meeting of stockholders of WMC voted in favor of the adoption of the previously announced Agreement and Plan of Merger, dated as of August 8, 2023, by and among MITT, AGMIT Merger Sub, LLC, a wholly owned subsidiary of MITT, WMC and, solely for the limited purposes set forth therein, AG REIT Management, LLC, and the approval of the transactions contemplated thereby, including the merger of WMC with and into Merger Sub, with Merger Sub continuing as the surviving entity and a subsidiary of MITT. “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.