Luminent Mortgage Capital files $500 million shelf

By Ted A. Knutson

Washington, Jan. 3 - Luminent Mortgage Capital Inc. filed a $500 million shelf with the Securities and Exchange Commission in an S-3 registration.

Included within the shelf are debt securities, preferred and common stock and warrants. Securities can be issued as convertibles.

The San Francisco-based real estate investment trust plans to use proceeds from offerings authorized by the filing to buy mortgage-related assets, primarily U.S. agency and other highly rated, single-family, adjustable-rate, hybrid adjustable-rate and fixed-rate mortgage-backed securities and general corporate purposes.

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