Secondary Stock Offerings
By The Online Investor Staff, updated Fri., Feb. 22, 2:43 AM
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Slide #3. ARMOUR Residential REIT, Inc. — Secondary Offering
Company:
ARMOUR Residential REIT, Inc. (NYSE:ARR)
Date announced:
2/19/2019
Shares Offered:
6,000,000
Secondary Offering Details:
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR" or the "Company") today announced that it is commencing an underwritten public offering of 6,000,000 shares of common stock. ARMOUR expects to grant the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock.
ARMOUR Residential REIT is a real estate investment trust. Co. is managed by ARMOUR Capital Management LP, an investment advisor. Co. invests in residential mortgage backed securities issued or guaranteed by a U.S. Government-sponsored entity (GSE), or a government agency (collectively, Agency Securities). Co. also invests in Interest-Only Securities, which are the interest portion of Agency Securities, that is separated and sold individually from the principal portion of the same payment. Also, Co. invests in other securities backed by residential mortgages, for which the payment of principal and interest is not guaranteed by a GSE or government agency.
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