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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Apr. 16, 3:13 AM

Slide #22. Western Asset Mortgage Capital Corporation Secondary Offering

Company: Western Asset Mortgage Capital Corporation (NYSE:WMC)
Date announced: 4/3/2014
Shares Offered: 13,000,000
Date of Pricing: 4/4/2014
Price Per Share: $14.85
Secondary Offering Details: Western Asset Mortgage Capital Corporation (NYSE: WMC) (the "Company") today announced that it has commenced a public offering of 13,000,000 shares of common stock. The Company also plans to grant the underwriters an option to purchase up to an additional 1,950,000 shares of common stock. - updated 4/4 - Western Asset Mortgage Capital Corporation (NYSE: WMC) (the "Company") today announced that it has priced a public offering of 13,000,000 shares of common stock for total estimated gross proceeds of approximately $193 million. The Company has also granted the underwriters an option to purchase up to an additional 1,950,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on April 9, 2014.

Western Asset Mortgage Capital is primarily focused on investing in, financing and managing Agency residential mortgage-backed securities (RMBS). Although Co.'s main investment strategy is focused on Agency RMBS, Co. has opportunistically supplemented its portfolio with Non-Agency RMBS. Co. finances investments in Agency RMBS and commercial mortgage-backed securities and asset-backed securities, primarily through the use of repurchase agreements. Co. is externally managed and advised by Western Asset Management Company (the Manager). Co.'s Manager is responsible for administering its business activities and its day-to-day operations, subject to the supervision of Co.'s board of directors.
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Company Name:  Western Asset Mortgage Capital Corp
Website:  www.westernassetmcc.com
Sector:  REITs
Number of ETFs Holding WMC:  17
Total Market Value Held by ETFs:  $20.10M
Total Market Capitalization:  $387.00M
% of Market Cap. Held by ETFs:  5.19%
 

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April 16, 2014    3:13 AM Eastern
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