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American Capital Mortgage Investment Corp. Announces Pricing Of Public Offering Of Common Stock

BETHESDA, Md., May 24, 2012 /PRNewswire/ -- American Capital Mortgage Investment Corp. (Nasdaq: MTGE) ("MTGE" or the "Company") announced today that it priced a public offering of 11,000,000 shares of common stock for total expected gross proceeds of approximately $253 million before expenses.

In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 1,650,000 shares of common stock to cover overallotments, if any. The offering is subject to customary closing conditions and is expected to close on May 30, 2012.

MTGE expects to use the net proceeds from this offering to invest, as market conditions warrant, in its targeted assets, which include agency mortgage investments, non-agency mortgage investments and other mortgage-related investments.

Citigroup, Credit Suisse Securities ( USA) LLC, Deutsche Bank Securities and UBS Securities LLC are joint book-running managers for the offering.  Barclays Capital Inc. is the lead manager for the offering.  Wunderlich Securities is the co-manager for the offering.

The offering will be made pursuant to MTGE's existing effective registration statement, previously filed with the Securities and Exchange Commission. The offering of these securities will be made only by means of a prospectus. Copies of the prospectus may be obtained from Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, telephone: (800) 831-9146; Credit Suisse Securities ( USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, email: newyork.prospectus@creditsuisse.com, telephone: (800) 221-1037; Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, email: prospectus.cpdg@db.com, telephone: (800) 503-4611; or UBS Securities LLC, 299 Park Avenue, New York, NY 10171, Attn: Prospectus Department, telephone: (888) 827-7275.

This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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