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Company NameWestern Asset Mortgage Capital Corporation
Offering TypePrivate Placement - Common Stock
DescriptionCommon Shares
ISINUS95790D1054
Currency of IssueUSD
Trading Symbol (Exchange)WMC (NYSE)
 
Announcement Date6/12/2009
Trade Date5/9/2012
Settlement Date5/15/2012
Completion Date5/9/2012
 
144a?No
Mandatory Redemption?No
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
The company plans to use the net proceeds from this offering and the IPO initially to purchase Agency RMBS and its potential target assets in the following ranges: approximately 85-100% Agency RMBS, approximately 0-15% non-Agency RMBS, approximately 0-5% CMBS and approximately 0-5% ABS. Until appropriate investments can be identified, the company may invest the net proceeds from this offering and the concurrent private placements in interest-bearing short-term investments, including money market accounts and/or funds. Prior to the time the company has fully used the net proceeds of this offering and the concurrent private placements to acquire Agency RMBS and its potential target assets, the company may fund its quarterly distributions out of such net proceeds.

Pricing
Offer Price ($)20.00
Gross Amount Offered ($000)44,636
Amount Including Overallotment ($000)44,636
Shares Offered2,231,787
Total Shares Offered2,231,787

UnderwritersShares UnderwrittenAmount Underwritten($000)
Placement Agent(s)
  Deutsche Bank Securities Inc.2,231,78744,636

Professionals
Issuer's CounselSkadden, Arps, Slate, Meagher & Flom LLP & Affiliates

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