CORRECTING and REPLACING CreXus Investment Corp. Declares 1st Quarter 2013 Dividend of $0.25 per Share

  CORRECTING and REPLACING CreXus Investment Corp. Declares 1st Quarter 2013
  Dividend of $0.25 per Share

CORRECTION…by CreXus Investment Corp.

Business Wire

NEW YORK -- March 15, 2013

First paragraph, second and third sentences of release dated March 14, 2013
should read: This dividend is payable April 25, 2013 to common shareholders of
record on March 28, 2013. The ex-dividend date is March 26, 2013. (sted This
dividend is payable April 25, 2013 to common shareholders of record on March
29, 2013. The ex-dividend date is March 27, 2013.)

The corrected release reads:

CREXUS INVESTMENT CORP. DECLARES 1ST QUARTER 2013 DIVIDEND OF $0.25 PER SHARE

The Board of Directors of CreXus Investment Corp. (NYSE: CXS) declared the
first quarter 2013 common stock cash dividend of $0.25 per common share. This
dividend is payable April 25, 2013 to common shareholders of record on March
28, 2013. The ex-dividend date is March 26, 2013.

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 ability to consummate the transaction contemplated by
the agreement and plan of merger with Annaly Capital Management Inc. and its
subsidiary CXS Acquisition Corporation; 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