ARMOUR Residential REIT, Inc. Buyback
OLI recorded this information on 6/4/2019
ARMOUR Residential REIT, Inc.
Share Amount Authorized:
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR" or the "Company") today announced that its board of directors has authorized an increase to its existing stock repurchase program of up to an aggregate of 9,000,000 shares of the Company's outstanding common stock, par value $0.001 per share. The Company's previous 9,000,000 repurchase authorization was established in July 2015. Under that authorization, the Company has repurchased approximately 7,376,000 shares of common stock, including open market purchases of 250,000 shares since May 30, 2019.
ARMOUR Residential REIT is a real estate investment trust. Co. is managed by ARMOUR Capital Management LP, an investment advisor. Co. invests in mortgage backed securities (MBS), which are issued or guaranteed by a U.S. Government-sponsored entity or a government agency (collectively, Agency Securities). Co.'s Agency Securities consist primarily of fixed rate loans. The remaining are either backed by hybrid adjustable rate or adjustable rate loans. From time to time Co. may also invest in Credit Risk and Non-Agency Securities, Interest-Only Securities, U.S. Treasury Securities and money market instruments.
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Hold (2.00 out of 4)