JAVELIN Mortgage Investment Corp. Announces Pricing of Initial Public Offering of 7,250,000 Shares of Common Stock

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VERO BEACH, Fla., Oct. 3, 2012 (GLOBE NEWSWIRE) -- JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company") announced today that it is raising an aggregate of $150 million in gross proceeds in its initial public offering and concurrent private placement. The Company has priced its initial public offering of 7,250,000 shares of common stock at $20.00 per share, raising $145 million in gross proceeds. JAVELIN has also granted the underwriters a 30-day option to purchase up to an additional 1,087,500 shares of common stock to cover over-allotments, if any.

The Company is also selling 250,000 shares of common stock for $20.00 per share in a concurrent private placement, raising $5 million in gross proceeds.

Shares of JAVELIN's common stock are expected to begin trading today on the New York Stock Exchange under the ticker symbol "JMI." The offering and concurrent private placement are expected to close on October 9, 2012.

The Company intends to use the proceeds from the offering and concurrent private placement to acquire its target assets, which consist of residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored entities ("Agency RMBS"), residential mortgage-backed securities that are not issued or guaranteed by U.S. Government-sponsored entities ("non-Agency RMBS") and other mortgage-related investments, in accordance with its objectives and strategies, as market conditions warrant.

Deutsche Bank Securities, Citigroup, Barclays and Credit Suisse are the joint book runners for the offering. JMP Securities, Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE:LTS), Oppenheimer & Co. Inc. and Mitsubishi UFJ Securities are co-lead managers and Aegis Capital Corp., Maxim Group LLC and National Securities Corporation are 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: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, Telephone: (800) 503-4611, or by emailing prospectus.cpdg@db.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (800) 831-9146, or by emailing batprospectusdept@citi.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Telephone: (888) 603-5847, or by emailing barclaysprospectus@broadridge.com;orCredit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY, 10010, Telephone: (800) 221-1037, or by emailing newyork.prospectus@credit-suisse.com.

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 shares of common stock 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 jurisdiction.

About JAVELIN Mortgage Investment Corp.

JAVELIN is a Maryland corporation that invests primarily in hybrid adjustable rate, adjustable rate and fixed rate Agency RMBS and non-Agency RMBS. JAVELIN is externally managed and advised by ARMOUR Residential Management LLC ("ARRM"), an investment advisor registered with the SEC. JAVELIN Mortgage Investment Corp. has elected to be taxed as a real estate investment trust ("REIT") for U.S. Federal income tax purposes, commencing with JAVELIN's taxable year ended December 31, 2012.

The JAVELIN Mortgage Investment Corp. Logo is available at http://www-legacy.globenewswire.com/newsroom/prs/?pkgid=15001

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 and the anticipated use of the proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds from the offering and concurrent private placement will be used as indicated. Completion of the securities offering on the terms described, and the application of proceeds from the offering and concurrent private placement, are subject to numerous conditions, many of which are beyond the control of the Company, including, without limitation, changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability and terms of financing; general economic conditions; market conditions; conditions in the market for mortgage-related investments; legislative and regulatory changes that could adversely affect the business of the Company; and other factors, including 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, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

CONTACT: Investor Contact: James R. Mountain Chief Financial Officer JAVELIN Mortgage Investment Corp. (772) 617-4340

Source:JAVELIN Mortgage Investment Corp.