Averaging down with mREITs is very risky since many have gone out of business during the sector's 50 year history. Their main business is making bets on the direction of interest rates and TRYing to hedge some of the risk. I know little about WMC's structure but I'm quite familiar with other mREITs.
When things get bad, some mREITs will do highly dilutive rights offerings.
I'd urge you to study the history of the mREIt sector. But WMC's poor performance over the past 6 months should tell you to be leery.
Recent WMC News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 12/20/2023 09:03:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/08/2023 10:00:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/08/2023 09:58:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/08/2023 09:58:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/08/2023 09:57:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/08/2023 09:56:21 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/07/2023 05:15:12 AM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 12/06/2023 09:23:11 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 12/06/2023 09:22:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/06/2023 09:20:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:15:43 PM
- Western Asset Mortgage Capital Corporation Announces Stockholder Approval of Merger With AG Mortgage Investment Trust • Business Wire • 12/05/2023 09:05:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 11/20/2023 09:25:48 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/20/2023 09:22:38 PM
- Western Asset Mortgage Capital Corporation Announces Second Interim Fourth Quarter Common Dividend of $0.10 Per Share • Business Wire • 11/20/2023 09:15:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 11/13/2023 09:09:10 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 09:36:38 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 11/07/2023 09:03:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 10:20:26 PM
- Western Asset Mortgage Capital Corporation Expects to Adjourn Special Meeting of Stockholders Until December 5, 2023 • Business Wire • 11/06/2023 10:17:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 11/03/2023 04:57:06 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 11/03/2023 12:18:25 PM
- 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 • Business Wire • 11/03/2023 12:00:00 PM
- Leading Independent Proxy Advisory Firm ISS Recommends Western Asset Mortgage Capital Corporation Stockholders Vote “For” the Proposed Merger With AG Mortgage Investment Trust • Business Wire • 10/27/2023 09:33:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 10/27/2023 09:29:47 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM