Preferred Stock Investing
Preferred Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock message boards
ARMOUR Residential REIT Inc. | 7.875% Series B Cumulative Redeemable Preferred Stock (ARR.PRB)

Prospectus exerpt:  ARMOUR Residential REIT, Inc. is offering to the public 5,400,000 shares of our 7.875% Series B Cumulative Redeemable Preferred Stock, which we refer to in this prospectus supplement as the “Series B Preferred Stock.” This is an original issuance of the Series B Preferred Stock. We will pay monthly cumulative dividends on the Series B 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) from, and including, the date of original issuance at 7.875% of the $25.00 per share liquidation preference per annum (equivalent to $1.96875 per annum per share). The first dividend payable on March 27, 2013 in the amount of $0.2461 per share will be paid to the persons who are the holders of record of the Series B Preferred Stock at the close of business on March 15, 2013.

The Series B Preferred Stock will not be redeemable before February 12, 2018 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 February 12, 2018 we may, at our option, redeem any or all of the shares of the Series B 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 B 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 B 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 B Preferred Stock.

Full Prospectus PDF », ARR Page »

Series:B
Redeemable?:Yes
Call Date:2/12/2018
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:5,400,000
Overallotment:810,000
Liquidation Preference:$25
Recent Market Price:$24.08
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-0.92 (-3.68%)
Annualized Dividend:1.96875
Recent Ex-Date:11/12/2014
Current Yield:8.18%
Original Coupon:7.875%
Pay Period:Monthly
ARMOUR Residential invests primarily in a portfolio of residential mortgage backed securities. These securities are issued or guaranteed by a U.S. Government-sponsored entity, such as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, or guaranteed by the Government National Mortgage Administration (collectively, Agency Securities). From time to time, a portion of Co.'s portfolio may be invested in Agency Securities as well as unsecured notes and bonds issued by U.S. Government-sponsored entities, U.S. Treasuries and money market instruments, subject to certain income tests Co. must satisfy for its qualification as a real estate investment trust.

Preferreds: ARR.PRA, ARR.PRB


Open the ARR Information Page »
Name:  ARMOUR Residential REIT Inc.
Website:  www.ARMOURREIT.com
Sector:  REITs
Number of ETFs Holding ARR:  31 (see which ones)
Total Market Value Held by ETFs:  $102,304,990
Total Market Capitalization:  $1,407,000,000
% of Market Cap. Held by ETFs:  7.27%

Quotes delayed 20 minutes

ARMOUR Residential REIT Inc. | 7.875% Series B Cumulative Redeemable Preferred Stock (ARR.PRB) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2014, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.