Western Asset Mortgage Capital (WMC) Prices 5M Share Offering for Total Est. Gross Proceeds of Approx. $50.7M

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Go back to Western Asset Mortgage Capital (WMC) Prices 5M Share Offering for Total Est. Gross Proceeds of Approx. $50.7M

Western Asset Mortgage Capital Corporation Announces Pricing Of Public Offering Of 5,000,000 Shares Of Common Stock

May 15, 2019 8:30 AM EDT

PASADENA, Calif., May 15, 2019 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (NYSE: WMC) (the "Company") today announced the pricing of its previously announced public offering of 5,000,000 shares of common stock for total estimated gross proceeds of approximately $50.7 million, before deducting underwriting discounts and commissions and estimated offering expenses. The Company has also granted the underwriter a 30-day option to purchase up to an additional 750,000 shares of common stock on the same terms and conditions. The offering is subject to customary closing conditions and is expected to close on or about... More