Five Oaks Investment Corp. Announces Pricing Of Initial Public Offering

   Five Oaks Investment Corp. Announces Pricing Of Initial Public Offering

PR Newswire

NEW YORK, March 21, 2013

NEW YORK, March21, 2013 /PRNewswire/ --Five Oaks Investment Corp. (NYSE:
OAKS) ("Five Oaks" or the "Company") announced today that it has priced its
initial public offering of 4,033,333 shares of common stock at $15.00 per
share. The Company is also selling 1,666,667 shares of common stock at $15.00
per share in a concurrent private placement to an indirect wholly owned
subsidiary of XL Group plc (NYSE: XL), for a total expected sale of 5,700,000

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The expected sale would raise an aggregate of $85.5 million in gross proceeds,
$60.5million from the public offering and $25.0million from the concurrent
private placement. These proceed amounts do not include any proceeds from a
30-day option granted by the Company to the underwriters to purchase up to an
additional 604,999 shares of common stock.

Shares of Five Oaks' common stock are expected to begin trading Friday, March
22, 2013 on the New York Stock Exchange under the ticker symbol OAKS. The
offering and concurrent private placement are expected to close on March 27,

Barclays Capital Inc., Credit Suisse Securities (USA) LLC, UBS Securities LLC
and Keefe, Bruyette & Woods, Inc. are serving as joint book-running managers.
Ladenburg Thalmann & Co. Inc., Mitsubishi UFJ Securities (USA), Inc., Aegis
Capital Corp. and National Securities Corporation are serving as co-managers.

A registration statement relating to the offered shares of common stock has
been filed with the Securities and Exchange Commission ("SEC") and declared
effective. The initial public offering is being made only by means of a
preliminary prospectus. Copies of the preliminary prospectus for the proposed
offering may be obtained by contacting:

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Ave.
Edgewood, NY 11717
Telephone: 888-603-5847

Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, NY 10010
Telephone: 1-800-221-1037

UBS Securities LLC
Attention: Prospectus Department
299 Park Avenue
New York, New York 10171
Telephone: 1-888-827-7275

Keefe, Bruyette & Woods, Inc.
Attn: Capital Markets
787 Seventh Avenue, 4th Floor
New York, NY 10019
Telephone: 1-800-966-1559

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

About Five Oaks Investment Corp.

Five Oaks Investment Corp. is a recently organized Maryland corporation
focused on investing in, financing and managing a leveraged portfolio of
Agency and Non-Agency residential mortgage-backed securities, residential
mortgage loans and other mortgage-related investments.

Safe Harbor

This press release contains statements that constitute "forward-looking
statements," including with regard to the closing of the Company's offering
and concurrent private placement. No assurance can be given that the offering
discussed above will be completed on the terms described, or at all.
Completion of the securities offering on the terms described is subject to
numerous conditions, many of which are beyond the control of the Company,
including, without limitation, those set forth in the Risk Factors section of
the Company's registration statement and preliminary prospectus for the
Company's offering filed with the SEC. Copies are available on the SEC's
website, The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release except as
required by law.

SOURCE Five Oaks Investment Corp.

Contact: David Oston, Chief Financial Officer, Five Oaks Investment Corp.,
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