Apollo Residential Mortgage, Inc. Announces Public Offering of Common Stock
NEW YORK, NY -- (Marketwire) -- 03/07/13 -- Apollo Residential
Mortgage, Inc. (the "Company" or "AMTG") (NYSE: AMTG) today announced
the Company is commencing an underwritten public offering of
6,800,000 shares of common stock. The Company expects to grant the
underwriter a 30-day option to purchase up to 1,020,000 additional
shares of common stock.
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.
Morgan Stanley & Co. LLC is acting as sole book runner of the public
A registration statement relating to these securities has been
declared effective by the Securities and Exchange Commission. A copy
of the prospectus supplement and prospectus related to the offering
can 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:
This press release shall not constitute an offer to sell, or a
solicitation of an offer to buy, nor shall there be any sale of the
Company's 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 such state or
About Apollo Residential Mortgage, Inc.
Apollo Residential Mortgage,
Inc. (NYSE: AMTG) is a real estate investment trust that invests in
and manages residential mortgage-backed securities and other
residential mortgage assets throughout 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 approximately $113 billion of assets under management at
December 31, 2012.
The Company maintains a website at www.apolloresidentialmortgage.com.
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, except as required by law.
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