Western Asset Mortgage Capital (WMC) IPO Prices at $20, In-Line
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Western Asset Mortgage Capital Corporation (NYSE: WMC) priced its initial public offering of 8,000,000 shares of common stock at $20.00 per share, in-line with the expected pricing. Shares will open for trading today on the New York Stock Exchange under the ticker symbol "WMC."
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Jefferies & Company, Inc. acted as the joint book runners for the offering.
Western Asset Mortgage Capital Corporation is a REIT that intends to invest primarily in Agency RMBS, which are residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government agency (such as GNMA) or a U.S. Government-sponsored entity (such as FNMA or FHLMC).
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Jefferies & Company, Inc. acted as the joint book runners for the offering.
Western Asset Mortgage Capital Corporation is a REIT that intends to invest primarily in Agency RMBS, which are residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government agency (such as GNMA) or a U.S. Government-sponsored entity (such as FNMA or FHLMC).
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