Acquisition of JAVELIN Mortgage Investment Corp. (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid for JAVELIN and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date, as well as the fair value at the acquisition date (amounts in millions):

Consideration:
Cash	$	85.2
Fair value of consideration transferred	$	85.2
Acquisition related costs (included in professional fees and other expenses)	$	2.5
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash	$	12.0
Cash collateral	24.6
Agency Securities	440.7
Credit Risk and Non-Agency Securities	223.2
Accrued interest receivable	1.4
Prepaid and other assets	5.4
Repurchase agreements	(589.6		)
Derivatives	(17.5		)
Accrued interest payable	(0.9		)
Accounts payable and other accrued expenses	(7.6		)
Total identifiable net assets	$	91.7
Bargain purchase price	(6.5		)
Total	$	85.2