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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 30, 1999
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
(AS DEPOSITOR UNDER THE TRUST AGREEMENT, DATED AS OF
NOVEMBER 30, 1999, PROVIDING FOR THE ISSUANCE OF TRUST
CERTIFICATES, SERIES 1999-6)
Salomon Brothers Mortgage Securities VII, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 333-84249 13-3439681
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
390 Greenwich Street
New York, New York 10013
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (212) 723-6391
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Item 5. Other Events
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Description of the Certificates and the Mortgage Pools
As of the date hereof Salomon Brothers Mortgage Securities VII, Inc.
(the "Depositor") has caused to be filed with the Securities and Exchange
Commission (the "Commission") pursuant to the Commission's Rule 424 a Prospectus
Supplement to its Prospectus dated November 8, 1999 in connection with the
Depositor's issuance of a single series of certificates, entitled Salomon
Brothers Mortgage Securities VII, Inc., Trust Certificates, Series 1999-6 (the
"Trust Certificates") to be issued pursuant to a trust agreement, dated November
30, 1999, between Salomon Brothers Mortgage Securities VII, Inc. as depositor
(the "Depositor") and Bank One, National Association as trustee. The Trust
Certificates consist of four classes. The Trust Certificates evidence in the
aggregate the entire beneficial ownership interest in a trust fund, consisting
primarily of senior mortgage pass-through certificates (the "Underlying
Certificates"). The Underlying Certificates represent a partial, senior interest
in a separate trust fund consisting primarily of a pool of residential mortgage
loans having original terms to maturity of up to 30 years. The Underlying
Certificates have an aggregate principal balance as of November 19, 1999 of
$178,660,299. The Trust Certificates were sold by the Depositor to Salomon Smith
Barney Inc. ("Salomon"), an affiliate of the Depositor pursuant to an
underwriting agreement dated November 29, 1999, between the Depositor and
Salomon.
Computational Materials
Salomon Smith Barney Inc. (the "Underwriter") has provided certain
prospective purchasers of Trust Certificates with certain materials, herein
referred to as "Computational Materials", in written form, which Computational
Materials are in the nature of data tables and term sheet information relating
to the Mortgage Loans or other assets of the Trust Fund, the structure of the
Trust Certificates and terms of certain classes of Trust Certificates, and the
hypothetical characteristics and hypothetical performance of certain classes of
Trust Certificates under certain assumptions and scenarios.
The Computational Materials have been provided by the Underwriter. The
information in the Computational Materials is preliminary and will be superseded
by the Prospectus Supplement relating to the Certificates and by any other
information subsequently filed with the Commission.
The Computational Materials were prepared by the Underwriter at the
request of certain prospective investors. The Computational Materials may be
based on information that differs from the information set forth in the
Prospectus Supplement.
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Item 7. Financial Statements and Exhibits
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(a) Not applicable
(b) Not applicable
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
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1 99 Computational Materials (as defined
in Item 5) that have been provided by
Salomon Smith Barney Inc. to certain
prospective purchasers of Salomon
Brothers Mortgage Securities VII, Inc.,
Trust Certificates, Series 1999-6
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SALOMON BROTHERS MORTGAGE
SECURITIES VII, INC.
By: /s/ Matthew R. Bollo
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Name: Matthew R. Bollo
Title: Assistant Vice President
Dated: November 30, 1999
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Index to Exhibits
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Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Page
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1 99.1 Computational Materials 6
