SOURCE: Apollo Residential Mortgage, Inc.

Apollo Residential Mortgage, Inc.

December 15, 2011 16:05 ET

Apollo Residential Mortgage, Inc. Announces Fourth Quarter 2011 Dividend of $0.30 per Share

NEW YORK, NY--(Marketwire - Dec 15, 2011) - Apollo Residential Mortgage, Inc. (NYSE: AMTG) (the "Company") announced today that its Board of Directors has declared a dividend of $0.30 per share for the fiscal year ended December 31, 2011. The dividend is payable on January 12, 2012 to stockholders of record on December 31, 2011.

Michael Commaroto, Chief Executive Officer of the Company, commented, "This first dividend results from the Company's expected earnings for the period from July 27, 2011 (commencement of operations) through December 31, 2011. As highlighted in prior releases, we believe that we have been appropriately thoughtful and measured in deploying the capital raised in the Company's initial public offering and concurrent private placement. This dividend is reflective of the Company's capital being effectively fully deployed as of October 31, 2011 as well as the small loss recognized in the quarter ended September 30, 2011. At present, we expect the dividend for the first quarter of 2012 to be more representative of a full quarterly earnings run-rate."

About Apollo Residential Mortgage, Inc.
The Company is a residential real estate finance company that invests in, finances and manages Agency and non-Agency residential mortgage-backed securities, residential mortgage loans and other residential mortgage assets in the United States. The Company is externally managed and advised by ARM Manager, LLC, a Delaware limited liability company, an indirect subsidiary of Apollo Global Management, LLC. Additional information can be found on the Company's website at

Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. These forward-looking statements include information about possible or assumed future results of the Company's business, financial condition, liquidity, results of operations, plans and objectives. When used in this release, the words "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may" or similar expressions, are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: the Company's use of the proceeds of the initial public offering ("IPO") and concurrent private placement; market trends in the Company's industry, interest rates, real estate values, the debt securities markets, the U.S. housing market or the general economy or the demand for residential mortgage loans; the Company's business and investment strategy; the Company's projected operating results; the Company's ability to obtain and maintain financing arrangements; the Company's expected portfolio of assets; rates of default or decreased recovery rates on the Company's assets; availability of opportunities to acquire residential mortgage assets, among others. For a further list and description of such risks and uncertainties, see the Company's final prospectus relating to its IPO filed with the Securities and Exchange Commission, as may be updated by the reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements, and other risks, uncertainties and factors are based on the Company's beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

    Stuart Rothstein
    (212) 822-0722