Filed Pursuant to Rule 424(b)(2)
SEC File Nos. 33-50705
333-22859
PROSPECTUS SUPPLEMENT
(To Prospectus and Prospectus Supplement Dated March 6, 1997)
25,000 Shares
RESOURCE MORTGAGE CAPITAL, INC.
SHARES OF COMMON STOCK
(Par Value $0.01)
Pursuant to a Sales Agency Agreement dated as of March 6, 1997 (the
"Sales Agency Agreement") between Resource Mortgage Capital, Inc. (the
"Company") and PaineWebber Incorporated ("PaineWebber"), a form of which has
been filed as an exhibit to the Registration Statement of which the Prospectus
Supplement is a part and which is incorporated by reference herein, the Company
has sold, through PaineWebber, as agent of the Company, 25,000 shares of the
Company's common stock, par value $0.01 per share (the "Common Stock"), pursuant
to ordinary brokers' transactions on the New York Stock Exchange (the "NYSE").
<TABLE>
<CAPTION>
Shares sold during Pricing Period
<S> <C> <C>
9,200 Average Market Price Shares
15,800 Additional Shares
------
25,000 Total Shares Sold
</TABLE>
<TABLE>
<CAPTION>
Arithmetic Mean of the High and Low Sales Prices of the Shares reported
on the NYSE (the "Average Market Price") for each day of the
Pricing period:
<S> <C> <C> <C> <C> <C> <C>
03/10/97 03/11/97 03/12/97 03/13/97 03/14/97 Average for Pricing Period
-------- -------- -------- -------- -------- --------------------------
$31.125 $31.1875 $31.0625 $0.0000 $30.9375 $31.0781
</TABLE>
<TABLE>
<CAPTION>
High and Low Sales Prices at which Average Market Shares were sold
during pricing period:
<S> <C> <C>
High: $31.375 Low: $30.875
</TABLE>
<TABLE>
<CAPTION>
Average Market Price Shares:
<S> <C> <C> <C>
Gross Proceeds to Company...............$ 285,918.75 Gross Sales Proceeds....................$ 286,637.5
3% Discount.............................$ 8,577.56 Compensation to Agent...................$ 9,296.31
------------- ------------
Net Proceeds to Company.................$ 277,341.19 Net Proceeds to Company.................$ 277,341.19
Additional Shares Sold:
Gross Proceeds to Company...............$ 491,412.50
Commission to PaineWebber...............$ 14,742.38
-------------
Net Proceeds to Company.................$ 476,670.12
Total Net Proceeds to Company...........$ 754,011.31 Total Compensation to Agent.............$ 24,038.69
</TABLE>
On the last day of the Pricing Period, the last reported sales price of the
Stock on the NYSE was $31.125
Note:....S.E.C. fees were not used in arriving at any of the above figures.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED
UPON THE ACCURACY OF THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.
The date of this Prospectus Supplement is March 18, 1997.
