NEW YORK, NY--(Marketwire - Dec 14, 2012) - Apollo Residential Mortgage, Inc. (the "Company" or "AMTG") (
"When determining the dividend level this quarter, AMTG's Board of Directors considered the realized gains the Company generated in 2012 from managing its portfolio as well as REIT distribution requirements, which led to the special distribution," said Stuart Rothstein, Chief Financial Officer of the Company. "The Board seeks to minimize the volatility in quarter over quarter dividend levels and closely align the quarterly dividend level with the Company's earnings potential."
AMTG also announced the Board of Directors declared a cash dividend on the Company's 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") of $0.72778 per share for the period that began on September 20, 2012, the date of initial issuance of the Series A Preferred Stock, and ends on January 31, 2013. The Series A Preferred Stock dividend is payable on January 31, 2013 to preferred stockholders of record as of December 31, 2012.
About Apollo Residential Mortgage, Inc.
Apollo Residential Mortgage, Inc. (
Additional information can be found on the Company's website at www.apolloresidentialmortgage.com.
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.