Contact Us
Capital Offerings Profile
Entire IR Site Press Releases Only Filings Only
Email pagePDF viewPrint viewEmail AlertSocial Media Sharing
Company NameWestern Asset Mortgage Capital Corporation
Offering TypeFollow-On
DescriptionCommon Shares
Currency of IssueUSD
Trading Symbol (Exchange)WMC (NYSE)
Announcement Date4/17/2013
Termination Date3/24/2014
Mandatory Redemption?No
Exchange for Existing Issue?No

Use of Proceeds
The company plans to use the net proceeds from this offering to purchase Agency RMBS and the company's potential target assets, focusing predominantly on Agency RMBS. Until appropriate investments can be identified, the company's manager may invest the net proceeds from this offering in interest-bearing short-term investments, including money market accounts and/or funds, that are consistent with the company's intention to qualify as a REIT and maintain the company's exemption from registration under the 1940 Act. Prior to the time the company has fully used the net proceeds of this offering to acquire Agency RMBS and additional target assets, the company may fund the company's quarterly distributions out of such net proceeds.

Gross Amount Offered ($000)100,000
Amount Including Overallotment ($000)100,000

Issuer's CounselSkadden, Arps, Slate, Meagher & Flom LLP & Affiliates
Auditor(s)PricewaterhouseCoopers LLP

Copyright 2019, © S&P Global Market Intelligence  Terms of Use