NEW YORK, NEW YORK -- (Marketwire) -- 07/30/10 -- Crystal River Capital, Inc. (OTCBB: CYRV) today announced that it has closed its previously-announced merger agreement with Brookfield Asset Management Inc. pursuant to which Brookfield acquired all the outstanding common stock of Crystal River that Brookfield did not already own for cash at a price of $0.60 per share. The merger was approved at the Crystal River stockholders meeting held on July 30, 2010.

About Crystal River

Crystal River Capital, Inc. is a specialty finance REIT. Crystal River is invested in commercial real estate, real estate loans, and real estate-related securities, such as commercial and residential mortgage-backed securities.

(CRZ-G)