SOURCE: Apollo Residential Mortgage, Inc.

Apollo Residential Mortgage, Inc.

April 17, 2012 09:16 ET

Apollo Residential Mortgage, Inc. Announces Pricing of Public Offering of Common Stock

NEW YORK, NY--(Marketwire - Apr 17, 2012) - Apollo Residential Mortgage, Inc. (the "Company" or "AMTG") (NYSE: AMTG) today announced the Company has priced an underwritten public offering of 13,900,000 shares of common stock. The Company has granted the underwriters a 30-day option to purchase up to an additional 2,085,000 shares of common stock. The offering is expected to close on April 20, 2012, and is subject to customary closing conditions.

AMTG intends to use the net proceeds from the offering to acquire Agency residential mortgage-backed securities ("RMBS"), non-Agency RMBS and other residential mortgage assets, as market conditions warrant, and for general corporate purposes.

Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as joint book runners of the public offering. JMP Securities LLC, Nomura Securities International, Inc., Stifel, Nicolaus & Company, Incorporated and RBS Securities Inc. are acting as co-managers.

A registration statement on Form S-11 relating to these securities has been declared effective by the Securities and Exchange Commission. The offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained from: Morgan Stanley Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, by calling Morgan Stanley at (866) 718-1649, or by emailing: prospectus@morganstanley.com; Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010, by calling Credit Suisse at (800) 221-1037 or by emailing newyork.prospectus@credit-suisse.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, or by calling J.P Morgan at 866-803-9204.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Apollo Residential Mortgage, Inc.
Apollo Residential Mortgage, Inc. is a real estate investment trust that invests in, finances and manages 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 and an indirect subsidiary of Apollo Global Management, LLC (NYSE: APO), a leading global alternative investment manager with $75 billion of assets under management at December 31, 2011.

Additional information can be found on the Company's website at www.apolloresidentialmortgage.com.

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, including information about the ability of the Company to generate attractive returns while attempting to mitigate risk. 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 return on equity; the yield on investments; the ability to borrow to finance assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of such risks and uncertainties, see 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

  • CONTACT:
    Hilary Ginsberg
    (212) 822-0767