The Board of Directors of CreXus Investment Corp. CXS declared the
third quarter 2012 common stock cash dividend of $0.32 per common share. This
dividend is payable October 25, 2012 to common shareholders of record on
October 1, 2012. The ex-dividend date is September 27, 2012.
CreXus distributes dividends based on its current estimate of taxable earnings
per common share, not GAAP earnings. Taxable and GAAP earnings will typically
differ due to items such as differences in premium amortization and discount
accretion, non-taxable unrealized and realized gains and losses, credit loss
recognition, and non-deductible general and administrative expenses.
CreXus acquires, manages and finances, directly or through its subsidiaries,
commercial mortgage loans and other commercial real estate-related debt,
commercial real property, commercial mortgage-backed securities, other
commercial real estate-related assets and, to the extent necessary for
regulatory purposes, residential mortgage-backed securities. Our principal
business objective is to provide attractive risk-adjusted returns to our
investors over the long-term, primarily through dividends and secondarily
through capital appreciation. We are a Maryland corporation that has elected
to be taxed as a real estate investment trust (“REIT”).
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