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S. GREGORY COPE DIRECT DIAL: 804-788-8388 EMAIL: GCOPE@HUNTON.COM
FILE NO: 69033.3 |
August 22, 2007
VIA EDGAR
Mr. Bob Malhotra
United States Securities and Exchange Commission
Office of the Chief Accountant
100 F Street, N.E.
Washington, D.C. 20549
| Re: | Cypress Sharpridge Investments, Inc. |
Registration No. 333-142236
Dear Mr. Malhotra:
As counsel to Cypress Sharpridge Investments, Inc., a Maryland corporation (the “Company”), we are sending this letter to the Staff of the Division of Corporation Finance (the “Staff”) and the Office of the Chief Accountant (“OCA”) of the Securities and Exchange Commission (the “Commission”) to confirm the substance of the telephonic conversation that representatives of the Staff, OCA, the Company, Deloitte & Touche LLP and our firm had on August 20, 2007 at 2:00 p.m. Eastern time.
During this telephonic conversation, representatives of the OCA and the Staff informed the Company that they had no objections to the Company preparing its financial statements in conformity with accounting principles generally accepted in the United States of America for investment companies. The OCA and the Staff informed the Company that this position was based on the existing facts and circumstances of the Company and its current asset classes, as represented via teleconference on August 16, 2007 and the Company’s August 3, 2007 letter addressed to the Staff.
Very truly yours,
/s/ S. Gregory Cope
S. Gregory Cope
| cc: | Daniel Gordon |
Mark Mahar
Elaine Wolff
Kevin E. Grant
Thomas A. Rosenbloom
Daniel M. LeBey
Rick Allen
David J. Goldschmidt
Jennifer A. Bensch
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