FBR Accepts for Purchase 5.11M Shares at $2.75

FBR & Co. (Nasdaq: FBRC)today announced the final results of its previously announced modified "Dutchauction" tender offer to purchase up to 4,000,000 shares of its common stockat a price between $2.75 and $3.00, which expired at 12:00 midnight, New YorkCity time, on Wednesday, June 13, 2012. FBR has accepted for purchase5,107,000 shares of its common stock at a purchase price of $2.75 per share.Included within the shares accepted for purchase are 1,107,000 additionalcommon shares that FBR elected to purchase pursuant to its option to increasethe size of the offering by up to 2% of the outstanding shares of FBR commonstock. Because the number of shares tendered at the $2.75 purchase price (orby shareholders electing to tender at the ultimate purchase price determinedunder the tender offer terms) exceeds the number of shares that FBR offered topurchase, the resulting proration factor, after giving effect to the priorityfor "odd lots," is approximately 50.71%. Payment for the shares accepted forpurchase under the tender offer will be made promptly, and all shares tenderedand not purchased will be returned promptly to stockholders.