WESTERN ASSET MORTGAGE CAPITAL CORPORATION (NYSE:WMC) Files An 8-K Other Events

WESTERN ASSET MORTGAGE CAPITAL CORPORATION (NYSE:WMC) Files An 8-K Other Events

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Item 8.01 Other Events.

On March 6, 2017, Western Asset Mortgage Capital Corporation (the
Company) entered into an Equity Distribution Agreement (the
Agreement) with Western Asset Management Company and JMP
Securities LLC, as placement agent (the Placement Agent). Under
the terms of the Agreement, the Company may offer and sell up to
$100,000,000 aggregate offering price of shares of its common
stock (the Shares), par value $0.01 per share, from time to time
to or through the Placement Agent, acting as agent and/or
principal.
Shares sold under the Agreement, if any, will be issued to the
Companys shelf registration statement on Form S-3 (No.
333-216496) (the Registration Statement), including the
prospectus, dated March 7, 2017, and the prospectus supplement,
dated May 11, 2017, as the same may be amended or supplemented.
On May 11, 2017, Skadden, Arps, Slate, Meagher Flom LLP delivered
an opinion (the Opinion) to the Company in connection with the
Companys sale from time to time to or through the Placement Agent
of up to $100,000,000 aggregate offering price of the Shares to
the Agreement. The Opinion is being filed herewith, and thereby
automatically incorporated by reference into the Registration
Statement, in accordance with the requirements of Item 601(b)(5)
of Regulation S-K under the Securities Act.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
5.1
Opinion of Skadden, Arps, Slate, Meagher Flom LLP
23.1
Consent of Skadden, Arps, Slate, Meagher Flom LLP
(included in Exhibit 5.1 hereto)


About WESTERN ASSET MORTGAGE CAPITAL CORPORATION (NYSE:WMC)

Western Asset Mortgage Capital Corporation is a real estate investment trust focused on investing in, financing and managing a portfolio of real estate related securities, whole-loans and other financial assets. The Company’s portfolio consists of Agency residential mortgage-backed securities (RMBS) (including To-Be-Announced securities (TBAs)), Non-Agency RMBS, Agency and Non-Agency commercial mortgage-backed securities (CMBS), and Whole-Loans. In addition, the Company also invests in other securities, including certain Agency obligations that are not technically mortgage-backed securities (MBS), as well as in certain Non-United States CMBS and asset-backed securities (ABS) investments secured by a portfolio private student loans. The Company is externally managed and advised by Western Asset Management Company.

WESTERN ASSET MORTGAGE CAPITAL CORPORATION (NYSE:WMC) Recent Trading Information

WESTERN ASSET MORTGAGE CAPITAL CORPORATION (NYSE:WMC) closed its last trading session up +0.03 at 10.02 with 235,931 shares trading hands.

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