JAVELIN Mortgage Investment Corp. Announces Appointment of New Chief Operating
VERO BEACH, Fla., Aug. 27, 2013 (GLOBE NEWSWIRE) -- JAVELIN Mortgage
Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company") today announced that
the Board of Directors has appointed Mr. Mark Gruber as Chief Operating
Officer of the Company, effective September 3, 2013.
Mr. Gruber is Head of Portfolio Management at ARMOUR Residential Management
LLC ("ARRM"), the external manager of the Company and ARMOUR Residential REIT,
Inc., a publicly traded real-estate investment trust ("REIT") that invests in
and manages a leveraged portfolio of agency mortgage-backed securities. From
April 2008 until joining ARRM in July 2010, Mr. Gruber managed a $1.1 billion
mortgage portfolio for Penn Mutual Life Insurance. From June 2005 to March
2008, Mr. Gruber was Vice-President of Research and Trading at Bimini Capital
Management, Inc., a publicly traded REIT that managed $4 billion in agency
mortgage assets. Mr. Gruber previously worked for Lockheed Martin at the
Knolls Atomic Power Laboratory where he was an engineer for the Naval Nuclear
Propulsion Program. Mr. Gruber holds an M.B.A. with University Honors from the
Tepper School of Business at Carnegie Mellon, an M.S. degree in Mechanical and
Aerospace Engineering from the University of Virginia, and a B.S. degree in
Mechanical Engineering with High Honors from Lehigh University.
About JAVELIN Mortgage Investment Corp.
JAVELIN is a Maryland corporation that invests primarily in hybrid adjustable
rate, adjustable rate and fixed rate agency residential mortgage-backed
securities and non-agency residential mortgage-backed securities. JAVELIN is
externally managed and advised by ARRM, an investment advisor registered with
the Securities and Exchange Commission ("SEC"). JAVELIN Mortgage Investment
Corp. has elected to be taxed as a real estate investment trust for U.S.
Federal income tax purposes, commencing with JAVELIN's taxable year ended
December 31, 2012.
This press release includes "forward-looking statements" within the meaning of
the safe harbor provisions of the United States Private Securities Litigation
Reform Act of 1995. Actual results may differ from expectations, estimates and
projections and, consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate," "intend," "plan,"
"may," "will," "could," "should," "believes," "predicts," "potential,"
"continue," and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements involve
significant risks and uncertainties that could cause the actual results to
differ materially from the expected results, including those risks set forth
in the Company's Annual Report on Form 10-K for the year ended December 31,
2012 and in the Company's SEC filings.
Additional Information and Where to Find It
Investors, security holders and other interested persons may find additional
information regarding the Company at the SEC's Internet site at
http://www.sec.gov/, or the Company website www.javelinreit.com or by
directing requests to: JAVELIN Mortgage Investment Corp., 3001 Ocean Drive,
Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations.
CONTACT: Investor Contact:
James R. Mountain
Chief Financial Officer
JAVELIN Mortgage Investment Corp.
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