CreXus Investment Corp. Declares 4th Quarter 2012 Dividend of $0.32 per Share

  CreXus Investment Corp. Declares 4th Quarter 2012 Dividend of $0.32 per
  Share

Business Wire

NEW YORK -- December 19, 2012

The Board of Directors of CreXus Investment Corp. (NYSE: CXS) declared the
fourth quarter 2012 common stock cash dividend of $0.32 per common share. This
dividend is payable January 24, 2013 to common shareholders of record on
December 31, 2012. The ex-dividend date is December 27, 2012.

CreXus distributes dividends based on its current estimate of taxable earnings
per common share, not GAAP earnings. Taxable and GAAP earnings will typically
differ due to items such as differences in premium amortization and discount
accretion, non-taxable unrealized and realized gains and losses, credit loss
recognition, and non-deductible general and administrative expenses.

CreXus acquires, manages and finances, directly or through its subsidiaries,
commercial mortgage loans and other commercial real estate-related debt,
commercial real property, commercial mortgage-backed securities, other
commercial real estate-related assets and, to the extent necessary for
regulatory purposes, residential mortgage-backed securities. Our principal
business objective is to provide attractive risk-adjusted returns to our
investors over the long-term, primarily through dividends and secondarily
through capital appreciation. We are a Maryland corporation that has elected
to be taxed as a real estate investment trust (“REIT”).

This news release and our public documents to which we refer contain or
incorporate by reference certain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements which are based on various
assumptions (some of which are beyond our control) may be identified by
reference to a future period or periods or by the use of forward-looking
terminology, such as “believe,” “expect,” “anticipate,” “estimate,” “plan,”
“continue,” “intend,” “should,” “may,” “would,” “will” or similar expressions,
or variations on those terms or the negative of those terms. Actual results
could differ materially from those set forth in forward-looking statements due
to a variety of factors, including, but not limited to, our business and
investment strategy; our projected financial and operating results; our
ability to obtain and maintain financing arrangements and the terms of such
arrangements; general volatility of the markets in which we acquire assets;
the implementation, timing and impact of, and changes to, various government
programs; our expected investments; changes in the value of our investments;
interest rate mismatches between our investments and our borrowings used to
fund such purchases; changes in interest rates and mortgage prepayment rates;
effects of interest rate caps on our adjustable-rate investments; rates of
default or decreased recovery rates on our investments; prepayments of the
mortgage and other loans underlying our mortgage-backed or other asset-backed
securities; the degree to which our hedging strategies may or may not protect
us from interest rate volatility; impact of and changes in governmental
regulations, tax law and rates, accounting guidance, and similar matters;
availability of investment opportunities in real estate-related and other
securities; availability of qualified personnel; estimates relating to our
ability to make distributions to our stockholders in the future; our
understanding of our competition; market trends in our industry, interest
rates, the debt securities markets or the general economy; our ability to
maintain our exemption from registration under the Investment Company Act of
1940, as amended; and our ability to maintain our qualification as a REIT for
federal income tax purposes. For a discussion of the risks and uncertainties
which could cause actual results to differ from those contained in the
forward-looking statements, see “Risk Factors” in our most recent Annual
Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. We do
not undertake, and specifically disclaim all obligations, to publicly release
the result of any revisions which may be made to any forward-looking
statements to reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements.

Contact:

CreXus Investment Corp.
Investor Relations, 646-829-0159
www.crexusinvestment.com