Key Developments: ARMOUR Residential REIT Inc (ARR)
5.55USD
24 May 2013
$-0.08 (-1.42%)
$5.63
$5.63
$5.65
$5.47
8,238,329
7,468,524
$7.98
$5.47
Latest Key Developments (Source: Significant Developments)
ARMOUR Residential REIT Inc Confirms March 2013 Preferred Stock Dividends
ARMOUR Residential REIT Inc confirmed the initial cash dividend for the Company's 7.875% Series B Preferred Stock for the period from the date of original issuance on February 12, 2013 to March 27, 2013, of $0.2461 per share, payable on March 27, 2013 to holders of record on March 15, 2013. The Company also previously confirmed the regular monthly dividend on its 8.250% Series A Preferred Stock for March 2013 of $0.171875 per share, payable on March 26, 2013 to holders of record on March 15, 2013. Full Article
ARMOUR Residential REIT Inc Announces Pricing Of Public Offering Of 65,000,000 Shares Of Common Stock
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. Full Article
ARMOUR Residential REIT Inc Announces Public Offering Of 65,000,000 Shares Of Common Stock
ARMOUR Residential REIT Inc announced that it is commencing an underwritten public offering of 65,000,000 shares of common stock. ARMOUR expects to grant the underwriters a 30-day option to purchase up to 9,750,000 additional shares of common stock. The underwriters propose to offer the shares at prevailing market prices or otherwise from time to time through the NYSE, the over-the-counter market, negotiated transactions or otherwise. 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 acting as 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. Full Article
ARMOUR Residential REIT Inc Announces Public Offering Of Series B Preferred Stock
ARMOUR Residential REIT Inc announced that it is commencing an underwritten public offering of its Series B Cumulative Redeemable Preferred Stock. ARMOUR expects to grant the underwriters a 30-day option to purchase additional shares to cover over allotments, if any. The Company has applied to list the Series B Preferred Stock on the New York Stock Exchange under the symbol ARR PrB.Citigroup Global Markets Inc., UBS Securities LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers of the offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, MLV & Co. LLC, JMP Securities LLC, Ladenburg Thalmann & Co. Inc., Maxim Group LLC and National Securities Corporation are acting as co-managers. 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. Full Article
ARMOUR Residential REIT Inc Declares Dividend; Announces Stock Repurchase Authorization
ARMOUR Residential REIT Inc announced a Q1 2013 monthly cash dividend rate for the Company's Common Stock of $0.171875 per share. Dividend of $0.09 for July 2012, with record date of January 15, 2013 and payment date on January 28, 2013 . Dividend of $0.171875 for November 2012, with record date of February 15, 2013 and payment date on February 26, 2013 . Dividend of $0.171875 for December 2012, with record date on March 15, 2013 and payment date on March 26, 2013 . The Company also announced that its Board of Directors has authorized the Company to repurchase up to $100 million of its outstanding shares of common stock. Shares may be purchased in the open market, including block trades, through privately negotiated transactions, or pursuant to a trading plan separately adopted in the future. The timing, manner, price and amount of any repurchases will be at the discretion of the Company, subject to the requirements of the Securities Exchange Act of 1934 and related rules. The program does not oblige the Company to repurchase any shares and it may be modified, suspended or terminated at any time and for any reason. The Company does not intend to purchase shares from its directors, officers or other affiliates. Full Article
ARMOUR Residential REIT Inc Announces Q4 2012 Monthly Dividend Rate of $0.09 Per Share
ARMOUR Residential REIT, Inc announced a Q4 2012 monthly cash dividend rate for the Company's Common Stock of $0.09 per share. Dividend of $0.09 for July 2012, with record date of October 15, 2012 and payment date on October 30, 2012. Dividend of $0.09 for November 2012, with record date of November 15, 2012 and payment date on November 29, 2012. Dividend of $0.09 for December 2012, with record date on December 14, 2012 and payment date on December 28, 2012. Full Article
ARMOUR Residential REIT Inc Announces James R. Mountain As New Chief Financial Officer
ARMOUR Residential REIT Inc announced that James R. Mountain will become the Company's new Chief Financial Officer (CFO), effective September 1, 2012. Mr. Mountain will replace Jeffrey J. Zimmer as CFO. Mr. Zimmer and Scott J. Ulm will continue to serve as ARMOUR's Co-Chief Executive Officers and Co-Vice Chairmen. Full Article
ARMOUR Residential REIT Inc Announces Pricing of Public Offering of 55,000,000 Shares of Common Stock
ARMOUR Residential REIT Inc announced that it has priced an underwritten public offering of 55,000,000 shares of common stock. ARMOUR has granted the underwriters a 30-day option to purchase up to 8,250,000 additional shares of common stock. The underwriters are offering the shares in one or more transactions in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. The offering is expected to close on August 8, 2012. BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse and Deutsche Bank Securities are joint book-running managers of the offering. JMP Securities, Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. and Mitsubishi UFJ Securities are co-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. Full Article
ARMOUR Residential REIT, Inc Announces Public Offering of 50,000,000 Shares of Common Stock
ARMOUR Residential REIT, Inc announced that it is commencing an underwritten public offering of 50,000,000 shares of common stock. ARMOUR expects to grant the underwriters a 30-day option to purchase up to 7,500,000 additional shares of common stock. BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse and Deutsche Bank Securities 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. Full Article
ARMOUR Residential REIT, Inc Declares Dividends
ARMOUR Residential REIT, Inc announced that the Company declared dividends of $0.10 per common share outstanding for each month of the quarter. Dividends were not paid on outstanding Series A Preferred Stock for the quarter ended June 30, 2012. The dividend amount owed for these shares for the period of June 7, 2012 through June 30, 2012 was paid on July 27, 2012. Full Article
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