Western Asset Mortgage Capital Corporation Announces Pricing Of Public Offering Of 5,000,000 Shares Of Common Stock
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 May 17, 2019 . The Company intends to use the net proceeds from the offering for general corporate purposes, including to opportunistically invest in its target assets in accordance with its investment guidelines. The exact investment of the proceeds will depend on prevailing market and investment conditions at the time its manager Western Asset Management Company, LLC invests the net proceeds.
Western Asset Mortgage Capital Corporation Announces Pricing Of Public Offering Of 5,000,000 Shares Of Common Stock
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 May 17, 2019 . The Company intends to use the net proceeds from the offering for general corporate purposes, including to opportunistically invest in its target assets in accordance with its investment guidelines. The exact investment of the proceeds will depend on prevailing market and investment conditions at the time its manager Western Asset Management Company, LLC invests the net proceeds.