Javelin Mortgage book value declines nearly 18% in Q2 • 12:31 AM

Javelin Mortgage book value declines nearly 18% in Q2 • 12:31 AM

• Javelin Mortgage (JMI): Q2 taxable REIT income of approximately $6.5M  vs. $5.8M in Q1.
• Book value per share of $15.12 on June 30 is off 17.8% from Q1's end. Today's closing price of $13.27 is a 12.2% discount to June 30 book.
• Average net interest margin in Q2 of 1.75% off 21 bps from Q1.
• Agency MBS portfolio of $1.8B up from $1.1B in Q1, average non-agency MBS portfolio of $226.7M up from $136.8M in Q1 ($113M equity raise in Q2).
• Leverage ratio of 9.28:1 vs. 8.04:1 in Q1. (PR)