CYS Investments, Inc. Board of Directors Declares Second Quarter 2013 Common Stock Dividend of $0.34 Per Share, and Preferred

  CYS Investments, Inc. Board of Directors Declares Second Quarter 2013 Common
  Stock Dividend of $0.34 Per Share, and Preferred Stock Dividends

Business Wire

NEW YORK -- June 10, 2013

The Board of Directors of CYS Investments, Inc. (NYSE: CYS) (the "Company")
today declared a quarterly dividend of $0.34 per share of common stock for the
second quarter of 2013. The common stock dividend will be paid on July 17,
2013 to common stock stockholders of record on June 25, 2013.

In accordance with the terms of the 7.75% Series A Cumulative Redeemable
Preferred Stock (“Series A Preferred Stock”) of the Company, the Board of
Directors of the Company has declared a Series A Preferred Stock cash dividend
of $0.484375 per share of Series A Preferred Stock for the quarterly period
that began on April 15, 2013, and ends on July 14, 2013. This dividend is
payable on July 15, 2013 to Series A Preferred Stock stockholders of record as
of July 1, 2013.

In accordance with the terms of the 7.50% Series B Cumulative Redeemable
Preferred Stock (“Series B Preferred Stock”) of the Company, the Board of
Directors of the Company has declared a Series B Preferred Stock cash dividend
of $0.390625 per share of Series B Preferred Stock for the partial quarterly
period that began on April 30, 2013, which is the initial issuance date of the
Series B Preferred Stock, and ends on July 14, 2013. This dividend is payable
on July 15, 2013 to Series B Preferred Stock stockholders of record as of July
1, 2013.

About CYS Investments, Inc.

CYS Investments, Inc. is a specialty finance company that invests on a
leveraged basis in residential mortgage pass-through certificates for which
the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac
or Ginnie Mae. The Company refers to these securities as Agency RMBS. The
Company has elected to be taxed as a real estate investment trust for federal
income tax purposes.

Forward-Looking Statements Disclaimer

This press release contains statements that are "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to the payment of
the dividends. Forward-looking statements are based on our beliefs,
assumptions and expectations of our future performance, taking into account
all information currently available to us. These beliefs, assumptions and
expectations are subject to risks and uncertainties and can change as a result
of many possible events or factors, not all of which are known to us,
including those described in our Annual Report on Form 10-K for the fiscal
year ended December 31, 2012, which has been filed with the Securities and
Exchange Commission. If a change occurs, these forward-looking statements may
vary materially from those expressed in this release. All forward-looking
statements speak only as of the date on which they are made. Except as
required by law, we are not obligated to, and do not intend to, update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.

Please visit the Company's website at http://www.cysinv.com.

Contact:

CYS Investments, Inc.
Richard E. Cleary, 617-639-0440
Chief Operating Officer