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Silver Bay Realty Trust Corp. Announces Pricing Of Initial Public Offering

Silver Bay Realty Trust Corp. (“Silver Bay”) announced today the pricing of its initial public offering of 13,250,000 shares of common stock at a price to the public of $18.50 per share. The underwriters have been granted a 30-day option to purchase up to an additional 1,987,500 shares of common stock to cover over-allotments, if any. The shares are expected to begin trading on the New York Stock Exchange on December 14, 2012 under the symbol “SBY.”

Silver Bay will acquire, concurrent with the closing of the offering, an initial portfolio of more than 3,100 single-family residential properties through entities associated with Two Harbors Investment Corp., a publicly traded REIT (NYSE: TWO), and Provident Real Estate Advisors LLC, a private capital management firm, in exchange for equity interests in Silver Bay or its operating subsidiary, or cash.

Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, and J.P. Morgan are acting as joint book-running managers for the offering. Keefe, Bruyette & Woods, RBC Capital Markets, JMP Securities and Zelman Partners LLC are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on December 13, 2012. The offering is being made only by means of a prospectus. A copy of the final prospectus for the offering can be obtained from:
Credit Suisse Securities (USA) LLC   BofA Merrill Lynch   J.P. Morgan Securities LLC
Attention: Prospectus Department

One Madison Avenue

New York, NY 10010

222 Broadway

New York, NY 10038

Attention: Prospectus Department
c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717
1-800-221-1037

dg.prospectus_requests@baml.com
1-866-803-9204

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 these 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.

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