Cypress Sharpridge Investments, Inc. Announces the Closing of its Initial Public Offering

NEW YORK - (BUSINESS WIRE) - Jun. 17, 2009 - Cypress Sharpridge Investments, Inc. (NYSE: CYS)announced today that it had closed its previously announced initial public offering of 9,100,000 shares of common stock at an initial public offering price of $11.00 per share. Further, the underwriters of the offering fully exercised their over-allotment option and purchased 1,365,000 additional shares of common stock. All of the shares in the initial public offering were offered by Cypress Sharpridge Investments. The shares are listed on the New York Stock Exchange under the symbol "CYS."

Barclays Capital Inc. acted as the sole book runner for the offering. JMP Securities LLC and Stifel, Nicolaus & Company, Incorporated acted as co-lead managers and Oppenheimer & Co. Inc. acted as a co-manager for the offering. A copy of the final prospectus may be obtained by contacting Barclays Capital Inc., by mail c/o Broadridge Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717, by email at barclaysprospectus@broadridge.com or by telephone at 1 (888) 603-5847.

Cypress Sharpridge Investments, Inc. is a specialty finance company that invests on a leveraged basis exclusively in whole-pool residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. Cypress Sharpridge Investments has elected to be taxed as a real estate investment trust for federal income tax purposes.

Cypress Sharpridge Investments, Inc.
Richard E. Cleary, 212-705-0160
Chief Operating Officer

Source: Cypress Sharpridge Investments, Inc.