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)
11,500 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 this Prospectus Supplement is a
part and which is incorporated by reference herein, the Company has sold,
through PaineWebber, as agent of the Company, 11,500 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
<C> <C>
4,400 Average Market Price Shares
7,100 Additional Shares
------
11,500 Total Shares Sold
</TABLE>
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:
<TABLE>
<CAPTION>
Average (or Total)
03/17/97 03/18/97 03/19/97 03/20/97 03/21/97 for Pricing Period
- -------- -------- -------- -------- -------- ------------------
<C> <C> <C> <C> <C> <C>
$30.8125 $30.2500 $0.0000 $0.0000 $0.0000 $30.5313
</TABLE>
High and Low Sales Prices at which Average Market Shares were sold during
pricing period:
High: $31.125 Low: $30.250
<TABLE>
<CAPTION>
Average Market Price Shares:
<S> <C> <C> <C>
Gross Proceeds to Company...............$134,337.50 Gross Sales Proceeds................$134,525.00
3% Discount.............................$ 4,030.13 Compensation to Agent...............$ 4,217.63
----------- -----------
Net Proceeds to Company. $130,307.37 Net Proceeds to Company............ $130,307.37
Additional Shares Sold:
Gross Proceeds to Company..............$216,000.00
Commission to PaineWebber .............$ 6,480.00
-----------
Net Proceeds to Company................$209,520.00
Total Net Proceeds to Company..........$339,827.37 Total Compensationt to Agent........$ 10,697.63
</TABLE>
On the last day of the Pricing Period, the last reported sales price of the
Stock on the NYSE was $29.125
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 25, 1997.
