8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

______________

FORM 8-K

______________

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) June 17, 2015

JAVELIN Mortgage Investment Corp.

(Exact Name of Registrant as Specified in Its Charter)

Maryland	001-35673	45-5517523
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

3001 Ocean Drive, Suite 201 Vero Beach, Florida	32963
(Address of Principal Executive Offices)	(Zip Code)

(772) 617-4340

(Registrant’s Telephone Number, Including Area Code)

n/a

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[_]    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[_]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[_]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[_]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.    Regulation FD Disclosure.

On June 17, 2015, JAVELIN Mortgage Investment Corp. (“JAVELIN”) produced for distribution a slide deck presentation, which contains updates on JAVELIN's financial position, business and operations. Attached as Exhibit 99.1 to this report is the slide deck produced by JAVELIN.

The slide deck presentation attached to this report as Exhibit 99.1 is furnished pursuant to this Item 7.01 and shall not be deemed filed in this or any other filing of JAVELIN under the Securities Exchange Act of 1934, as amended, unless expressly incorporated by specific reference in any such filing.

Item 9.01.    Financial Statements and Exhibits.  

(d) Exhibits

Exhibit No.	Description
99.1	Slide Deck Presentation dated June 17, 2015

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 17, 2015

JAVELIN MORTGAGE INVESTMENT CORP.

By: /s/ Mark Gruber                           

Name: Mark Gruber

Title: Chief Operating Officer

Exhibit Index

Exhibit No.	Description
99.1	Slide Deck Presentation dated June 17, 2015

EX-99.1

JAVELIN Mortgage Investment Corp. Company Update June 17, 2015

PLEASE READ: Important Regulatory and Yield Risk Disclosures Certain statements made in this presentation regarding JAVELIN Mortgage Investment Corporation (“JAVELIN” or the “Company”), and any other statements regarding JAVELIN’s future expectations, beliefs, goals or prospects constitute forward-looking statements made within the meaning of Section 21E of the Securities Exchange Act of 1934. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered forward-looking statements. Forward-looking statements include but are not limited to statements regarding the projections for JAVELIN’s business and plans for future growth and operational improvements. A number of important factors could cause actual results or events to differ materially from those indicated by such forward-looking statements. JAVELIN assumes no obligation to update the information in this communication, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. This material is for information purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any securities, financial instruments, or common or privately issued stock. The statements, information and estimates contained herein are based on information that the presenter believes to be reliable as of today's date, but cannot be represented that such statements, information or estimates are complete or accurate. Actual realized yields, durations and net durations described herein will depend on a number of factors that cannot be predicted with certainty. Estimated yields do not reflect any of the costs of operation of JAVELIN. THE INFORMATION PRESENTED HEREIN IS UNAUDITED AND UNREVIEWED. 2

Commentary Since our last monthly update, we have purchased $25 million of 30yr FNMA 3.5% TBAs on dollar roll for August settlement and $27.5 million of non-performing loan securitizations. The non-performing securitizations have not settled yet and as a result are not shown in the REPO composition on page 13. Additionally, $15 million of the non-performing securitizations were purchased today and are not included in the page nine tabulation of assets. The company has purchased a total of 80,913 JMI shares in the open market thus far in Q2 2015. Insiders (Board members and senior management) have purchased JMI shares recently in the open market and that group now owns a total of 399,883 shares or 3.4% of JMI common shares outstanding. 3

JAVELIN Monthly Metrics 4 (1) Some of the data may be based on information preceding the date of the report (i.e., closing prices). (2) Leverage does not include TBA dollar rolls and is based on the most recent audited financial statements available in the 10Q/10K at the time of the report. Report Date (1) March 26 2015 April 15 2015 May 8 2015 June 17 2015 Common Stock Price $8.56 $7.85 $7.67 $7.33 Estimated Book Value Range $11.06 - $11.14 $11.24 - $11.28 $11.44 - $11.48 $11.09 - $11.13 Common Shares Outstanding 11,985,294 11,991,162 11,951,742 11,910,864 Asset Balance Sheet Duration 4.24 4.00 4.05 4.13 Hedge Balance Sheet Duration -4.61 -4.37 -4.17 -3.96 Net Balance Sheet Duration -0.36 -0.37 -0.13 0.17 Leverage (2) 6.6 6.5 6.9 6.8 Rates DV01 -40,000 -35,600 -12,200 17,161 Spread DV01 574,000 487,000 493,000 510,000 FNCL 3.5 Price 104.64 105.20 104.39 103.08 FNCI 3.0 Price 104.52 105.11 104.36 103.48 10 Yr Treasury Yield 1.99% 1.89% 2.18% 2.31%

JAVELIN Capitalization, Dividend Policy, Transparency and Manager • Portfolio and liability details are updated monthly at www.javelinreit.com. • Agency premium amortization is expensed monthly as it occurs.(1) • Hedge positions are marked-to-market daily (GAAP/Tax differences). • Non-Executive Board Chairman and Lead Independent Director. Transparency and Governance 5 JAVELIN REIT Manager • JAVELIN is externally managed by ARMOUR Capital Management LP. Common Stock Dividend Policy Capitalization • 11,910,864 shares of common stock outstanding (NYSE: “JMI”). • Estimated book value of common stock of $132.3 million. • JAVELIN pays common stock dividends monthly. • Dividends are announced based on estimates of core and taxable REIT income. Information as of 6/16/2015. (1) Due to the prepayment lockout feature of our Agency multifamily securities, their premium is amortized using a level yield methodology.

JAVELIN Balance Sheet Targets JAVELIN invests in Agency and Non-Agency mortgage securities. Balance sheet target of 1.5 or less. • 4.13 gross asset duration of Agency and non-Agency securities. • -3.96 hedge duration. • 0.17 net balance sheet duration. Hedge a minimum of 40% of fixed rate assets and funding rate risk. • $691.3 million in hedges (swaps). • 70.2% of assets hedged (47.4% with current paying swaps). • 76.9% of repurchase agreements hedged (51.9% with current paying swaps). Hold 40% of unlevered equity in cash between prepayment periods. • $39.7 million in total liquidity. • $27.6 million in true cash. • $3.7 million in unlevered securities. • $8.4 million in principal and interest receivable Long term debt to equity target of 7.5x - 8.0x. • $899.1 million in net REPO borrowings. • 6.8X Q1 2015 shareholders’ equity. 6 Assets Duration Hedging Liquidity Leverage Information as of 6/16/2015.

JAVELIN Investment Equity Allocation 7 Estimates as of 6/16/2015 and does not include forward settling trades. Equity allocation is based on market value of unlevered securities plus haircut on repurchase agreements. Allocation does not include equity invested in cash and hedges.

JAVELIN Portfolio Strategy and Investment Methodology  JAVELIN will utilize ACM’s proprietary analytical approach as well as Intex, Bloomberg, BlackRock Solutions and other third- party systems to analyze mortgage investment opportunities both for Agency and non-Agency mortgage securities.  Strong bias toward a “buy and hold” strategy, with occasional sales made as market conditions change.  The investment team considers an array of factors, both bottom up and top down: Non-Agency Structure Analysis o Seniority, subordination model. o Model completeness and accuracy. o Litigation and policy risks. Agency & Non-Agency Class Analysis o Prepayment history. o Prepayment expectations. o Premium/discount. o Liquidity. Agency & Non-Agency Loan Analysis o Original and current loan balance. o Year of origination. o Originating company, third-party originators. o Loan seasoning. o Principal amortization schedule. o Original loan-to-value ratio. o Geography. o 96% of JMI’s 15yr MBS are between 85k – 175k loan balances Agency Pool Analysis o Only “pass-through” securities. No CMO’s. o Prepayment history and expectations. o Premium over par. o “Hedgability.” o Liquidity. o Diversify broadly to limit idiosyncratic pool risk. 8 Information as of 6/16/2015.

JAVELIN Agency & Non-Agency Portfolio Duration 9 Information and pricing as of 6/16/2015. Some totals may not foot due to rounding. Agency Multifamily Ballooning in 120 Months or Less 15.9% 156.1$ 102.2% 102.9% 3.19/4.38 7.45 Fixed Rates Maturing Between 0 and 120 Months 0.2% 2.3$ 105.5% 106.1% 3.50/3.75 3.29 Fixed Rates Maturing Between 121 and 180 Months 42.6% 419.0$ 104.1% 104.6% 3.19/3.70 4.10 Fixed Rates Maturing Between 181 and 240 Months 2.6% 26.0$ 106.2% 102.4% 3.08/3.52 4.44 Fixed Rates Maturing Between 241 and 360 Months 12.7% 125.0$ 105.7% 103.1% 3.50/4.27 5.95 FNCL 3.5 TBA 2.6% 25.7$ 103.5% 102.7% 3.50/4.10 5.10 Total or Weighted Average 76.6% 754.1$ 104.0% 103.9% 3.25/3.95 5.15 Agency Securities Current Value (millions) Weighted Average Purchase Price Weighted Average Current Market Price Estimated Effective Duration Using Current Values Percent of Portfolio Weighted Average Net/Gross Legacy Prim Fixed 2.9 8.8 83.2% 85.5% 6.02/5.51 0.58 Legacy Prime Hybrid 1. 1 .5 76.4% 88.1% 2.27/2.75 0.78 Legacy Alt-A Fixed 8.1% 79.8 78.8% 83.2% 5.88/5.32 0.15 Legacy Alt-A Hybrid 0.8% 7.9$ 80.6% 82.4% 2.52/2.83 0.00 New Issue Prime Fixed 1.2% 11.5$ 91.2% 97.1% 3.70/3.98 6.18 Credit Risk Transfer 3.6% 35.0$ 97.7% 100.6% 4.36/4.06 0.00 NPL/RPLs 5.3% 52.0$ 99.9% 100.0% 3.40/5.01 1.56 Total or Weighted Average 23.4% 230.4$ 87.5% 90.9% 4.64/4.76 0.84 Non-Agency S curities Current Value (millions) Weighted Average Purchase Price Weighted Average Current Market Price Percent of Portfolio Weighted Average Net/Gross Estimated Effective Duration Using Current Values

JAVELIN Hedge Portfolio 10 Information and pricing as of 6/16/2015. Some totals may not foot due to rounding. Current Paying Remaining Term Weighted Average Remaining Term (Months) Notional Amount (millions) Weighted Average Rate Interest Rate Swap 0-12 Months 0 -$ 0.00 Interest Rate Swap 13-24 Months 0 -$ 0.00 Interest Rate Swap 25-36 Months 32 100.0$ 0.73 Interest Rate Swap 37-48 Months 0 -$ 0.00 Interest Rate Swap 49-60 Months 53 60.0$ 1.59 Interest Rate Swap 61-72 Months 0 -$ 0.00 Interest Rate Swap 73-84 Months 0 -$ 0.00 Interest Rate Swap 85-96 Months 96 76.3$ 2.05 Interest Rate Swap 97-108 Months 100 80.0$ 2.04 Total or Weighted Average 68 $ 316.3 1.54 Forward Starting Weighted Average Months to Start Weighted Average Underlying Term (Months) Notional Amount (millions) Weighted Average Rate Interest Rate Swap 0 24 150.0$ 0.79 Interest Rate Swap 9 120 225.0$ 2.08 Total or Weighted Average 6 82 $ 375.0 1.56

JAVELIN Balance Sheet Hedge Metrics 11 (1) The duration contribution to the balance sheet is based on effective duration and market value. (2) Included in this amount is $150 million of 2yr swaps that start in June 2015. Information and pricing as of 6/16/2015. Some totals may not foot due to rounding. Agency & Non-Agency Assets 984.6$ 47.4% 70.2% REPO Balance 899.1$ 51.9% 76.9% Total Hedge % (All Hedges) Amount (millions) Total Hedge % (Current Paying) (2) Agency Assets 3.92 Non-Agency Legacy Assets 0.04 Non-Agency New Issue Assets 0.17 Interest Rate Swaps -3.96 Net Balance Sheet 0.17 Duration Contribution to Balance Sheet (1)

JAVELIN Agency Portfolio Constant Prepayment Rates (“CPR”) 12 JAVELIN expenses premium amortization monthly as it occurs. Constant Prepayment Rate (“CPR”) is the annualized equivalent of single monthly mortality (“SMM”). CPR attempts to predict the percentage of principal that will prepay over the next twelve months based on historical principal pay downs. CPR is reported on the 4th business day of the month for the previous month's prepayment activity.

JAVELIN Agency & Non-Agency Repo Composition 13 (1) JAVELIN has signed MRAs with 30 counterparties. Information as of 6/16/2015. Some totals may not foot due to rounding. Wells Fargo Securities 120.9$ 13.4% 30 10 10 Mitsubishi UFJ Securities (USA), Inc. 96.1$ 10.6% 104 47 76 ICBC Financial Services LLC 88.5$ 9.8% 81 50 78 Nomura Securities International, Inc. 77.7$ 8.6% 60 28 28 Barclays Capital Inc. 50.3$ 5.6% 92 89 91 Daiwa Securities America Inc. 50.1$ 5.5% 91 24 24 UBS Securities LLC 50.0$ 5.5% 927 532 678 BNP Paribas Securities Corp. 45.8$ 5.1% 31 26 27 Mizuho Securities USA Inc. 42.3$ 4.7% 91 23 23 Credit Suisse Securities (USA) LLC 38.3$ 4.2% 91 49 87 South Street Securities LLC 36.0$ 4.0% 32 27 27 Citigroup Global Markets Inc. 35.4$ 3.9% 71 49 62 Royal Bank of Canada 32.8$ 3.6% 92 51 92 Merrill Lynch, Pierce, Fenner & Smith Inc. 32.2$ 3.6% 60 42 78 J.P. Morgan Securities LLC 31.9$ 3.5% 92 57 76 Morgan Stanley & Co. LLC 21.4$ 2.4% 61 34 34 KGS-Alpha Capital Markets, L.P. 20.5$ 2.3% 70 20 20 CRT Capital Group LLC 19.8$ 2.2% 90 69 69 E D & F Man Capital Markets Inc. 14.9$ 1.6% 69 19 24 Wells Fargo Bank, N.A. 0.6$ 0.1% 30 22 22 Total or Weighted Average 905.4$ 100.0% 118 65 REPO Counter-Party(1) Principal Borrowed (millions) Percentage of REPO Positions with JAVELIN Weighted Average Original Term in Days Longest Remaining Term in Days Weighted Average Remaining Term in Days Weighted Aver ge Repo Rate 0.65% Weighted Average Haircut 9.12% June Paydowns (6.3) Net REPO after Paydowns 899.1 Debt to Quarter End Shareholders' Equity Ratio 6.8

3001 Ocean Drive Suite 201 Vero Beach, FL 32963 772-617-4340 14