Subsequent Events

3 Months Ended

Mar. 31, 2012

Subsequent Events [Abstract]

Subsequent Events

10. Subsequent Events:

During the period from April 1, 2012 through April 17, 2012, the Company acquired $224,164 in agency-backed MBS with a face value of $210,769. These acquisitions were primarily funded by the net proceeds from the Company's March 26, 2012 public offering and $193,392 in repo borrowings.

On April 18, 2012, the Company completed the issuance and sale of 263,250 additional shares of Class A common stock pursuant to the full exercise of the underwriters' over-allotment option, at a public offering price of $23.90 per share less the $0.875 per share dividend declared on March 16, 2012 per the Underwriting Agreement dated March 22, 2012, for net proceeds of $5,851, net of the underwriter discount.