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ARMOUR Residential REIT Inc Announces Pricing Of Public Offering Of 65,000,000 Shares Of Common Stock

Thursday, 14 Feb 2013 08:46am EST 

ARMOUR Residential REIT Inc announced that it has priced an underwritten public offering of 65,000,000 shares of common stock. ARMOUR has granted the underwriters a 30-day option to purchase up to 9,750,000 additional shares of common stock. The underwriters are offering the shares at prevailing market prices or otherwise from time to time through the NYSE, the over-the-counter market, negotiated transactions or otherwise. The offering is expected to close on February 20, 2013. Deutsche Bank Securities Inc., BofA Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are joint book-running managers of the offering. The Company intends to use the net proceeds of the offering to acquire additional agency securities as market conditions warrant and for general corporate purposes. 

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