Apollo Residential Mortgage, Inc. Announces Closing of $172.5 Million of 8.00% Perpetual Preferred Stock Offering

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NEW YORK, NY--(Marketwire - Sep 20, 2012) - Apollo Residential Mortgage, Inc. (the "Company" or "AMTG") (NYSE: AMTG) today announced the closing of an underwritten public offering of the Company's 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") with a liquidation preference of $25 per share.

In connection with the offering, the underwriters exercised their option to purchase an additional 900,000 shares of the Series A Preferred Stock on the same terms and conditions. Together with the exercise of the underwriters' option to purchase additional shares, the Company sold an aggregate of 6,900,000 shares, which generated net proceeds to the Company of approximately $166.6 million, after deducting the underwriting discount and estimated offering expenses payable by the Company. AMTG intends to use the net proceeds from the offering to acquire Agency residential mortgage backed securities ("RMBS"), non-Agency RMBS and other residential mortgage assets included in the Company's investment strategy.

Morgan Stanley, UBS Investment Bank and J.P. Morgan acted as the joint book-running managers for the offering. Credit Suisse Securities (USA) LLC, RBC Capital Markets, Stifel Nicolaus Weisel, and JMP Securities acted as the co-managers for the offering.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. A copy of the prospectus supplement and prospectus related to the offering can be obtained from: Morgan Stanley Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, by calling Morgan Stanley at (866) 718-1649, or by emailing: prospectus@morganstanley.com; UBS Securities LLC, 299 Park Avenue, New York, NY 10171, Attention: Prospectus Specialist, or by calling UBS Investment Bank at 877-827-6444, ext. 561-3884; and J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attention: Investment Grade Syndicate Desk - 3rd Floor, or by calling J.P. Morgan at 212-834-4533.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any 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 such state or jurisdiction.

About Apollo Residential Mortgage, Inc.
Apollo Residential Mortgage, Inc. (NYSE: AMTG) is a real estate investment trust that invests in and manages residential mortgage-backed securities and other residential mortgage assets throughout the United States. The Company is externally managed and advised by ARM Manager, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, LLC (NYSE: APO), a leading global alternative investment manager with approximately $105 billion of assets under management at June 30, 2012.

The Company maintains a website at www.apolloresidentialmortgage.com.

Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. These forward-looking statements include information about possible or assumed future results of the Company's business, financial condition, liquidity, results of operations, plans and objectives. When used in this release, the words "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may" or similar expressions, are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements, and other risks, uncertainties and factors are based on the Company's beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
CONTACT:
Hilary Ginsberg
Investor Relations
(212) 822-0767

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