Preferred Stock Channel
ARMOUR Residential REIT Inc. | 8.250% Series A Cumulative Redeemable Preferred Stock (ARR.PRA)

This preferred is marked as having been called.
Prospectus excerpt:  ARMOUR Residential REIT, Inc. is offering to the public 1,400,000 shares of our 8.250 % Series A Cumulative Redeemable Preferred Stock, which we refer to in this prospectus supplement as the Series A Preferred Stock. This is an original issuance of the Series A Preferred Stock. We will pay monthly cumulative dividends on the Series A Preferred Stock on the 27th day of each month (provided that if any dividend payment date is not a business day, then the dividend which would otherwise have been payable on that dividend payment date may be paid on the next succeeding business day) when, as and if declared by our board of directors, from, and including, the date of original issuance at 8.250% of the $25.00 per share liquidation preference per annum (equivalent to $2.0625 per annum per share). The first dividend payable on July 27, 2012 in the amount of $0.2865 per share will be paid to the persons who are the holders of record of the Series A Preferred Stock at the close of business on July 15, 2012.

The Series A Preferred Stock will not be redeemable before June 7, 2017 except under circumstances intended to preserve our qualification as a real estate investment trust, or REIT, for federal income tax purposes and except as described below upon the occurrence of a Change of Control (as defined herein). On or after June 7, 2017 we may, at our option, redeem any or all of the shares of the Series A Preferred Stock at $25.00 per share plus any accumulated and unpaid dividends to, but not including, the redemption date. In addition, upon the occurrence of a Change of Control, we may, at our option, redeem any or all of the shares of Series A Preferred Stock within 120 days after the first date on which such Change of Control occurred at $25.00 per share plus any accumulated and unpaid dividends to, but not including, the redemption date. The Series A Preferred Stock has no stated maturity, is not subject to any sinking fund or mandatory redemption and will remain outstanding indefinitely unless repurchased or redeemed by us or converted into our common stock in connection with a Change of Control by the holders of Series A Preferred Stock.

Full Prospectus PDF », Secondary Prospectus PDF », ARR Page »

Series:A
Alternate symbology:ARR-A, ARR-PA, ARRprA
Redeemable?:Yes
Call Date:6/7/2017 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:1,400,000
Overallotment:210,000
Liquidation Preference:$25.00
Original Coupon:8.25%
Pay Period:Monthly
CDx3 Compliance Rating: Learn ARR.PRA's Rating
ARMOUR Residential REIT is a real estate investment trust. Co. invests in mortgage backed securities, issued or guaranteed by a U.S. Government-sponsored entity, such as the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or a government agency such as Government National Mortgage Administration (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. Co. also invests in Credit Risk and Non-Agency Securities, Interest-Only Securities, U.S. Treasury Securities and money market instruments.

Preferreds: ARR.PRA, ARR.PRB, ARR.PRC


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Name:  ARMOUR Residential REIT Inc.
Website:  www.armourreit.com
Sector:  REITs
Number of ETFs Holding ARR:  47 (see which ones)
Total Market Value Held by ETFs:  $259,367,524.2
Total Market Capitalization:  $927,000,000
% of Market Cap. Held by ETFs:  27.98%

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