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Company NameWestern Asset Mortgage Capital Corporation
Offering TypeCommon Stock - Other
DescriptionCommon Shares
Currency of IssueUSD
Trading Symbol (Exchange)WMC (NYSE)
Announcement Date3/7/2017
Shelf Filing Date3/7/2017
Mandatory Redemption?No
Exchange for Existing Issue?No

Use of Proceeds
The company intends to use the net proceeds from this offering to opportunistically purchase Agency RMBS (including TBAs), Non-Agency RMBS, Agency CMBS, Non-Agency CMBS, Non-U.S. CMBS, risk sharing securities, Residential Whole-Loans, Whole-Loan securities and/or other target asset classes the company may identify in the future, in each case consistent with investment guidelines, and/or for general corporate purposes.

Gross Amount Offered ($000)100,000
Amount Including Overallotment ($000)100,000
Original Shelf Value ($000)400,000

Underwriting Fees
Gross Spread (%)2.00

UnderwritersShares UnderwrittenAmount Underwritten($000)
Placement Agent(s)
  JMP Securities LLC--

Issuer's CounselSkadden, Arps, Slate, Meagher & Flom LLP & Affiliates
Underwriter's CounselCozen O'Connor
Auditor(s)PricewaterhouseCoopers LLP
Clearing House(s)Depository Trust Company

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