VERO BEACH, Florida, May 29, 2025 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the June 2025 cash dividend for the Company's Common Stock. June 2025 Common Stock Dividend Information Month Dividend Holder of Record Date Payment DateJune 2025 $0.24 June 16, 2025 June 27, 2025 Certain Tax Matters ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to maintain thi ...

Company Overview - Armour Residential REIT (ARR) is an agency mREIT with a market capitalization of approximately $1.3 billion and manages a $14.7 billion portfolio of U.S. Government-sponsored mortgage-backed securities, leveraging equity approximately 8.5 times [4]. Investment Strategy - A fixed-income focused strategy called Crazy 8s or Baseline + was developed, aiming to generate returns primarily from dividends of discounted preferred equities, with potential additional returns from declining interest rates pushing share prices toward par [3]. - The preferred shares of ARR, specifically ARR.PR.C, are considered a hybrid fixed-income investment, supported by the income generated from the portfolio [5]. Preferred Shares Characteristics - The preferred issuance has a face value of $171 million, carries a fixed 7.0% coupon, and is currently yielding 8.56%, which is approximately 400 basis points above the current 10-year Treasury yield [6]. - The share price of ARR.PR.C has decreased by about $2 (approximately 9%) since the last coverage, prompting a comparative analysis of its performance against long-term fixed-income alternatives [9]. Market Conditions - The Federal Reserve's interest rate decisions have shifted, with recent indications that very low rates are not guaranteed, impacting the investment landscape [2]. - Current 10-year Treasury yields have risen to over 4.65%, reflecting changing market conditions since the Fed began cutting rates [2]. Historical Performance - Over the past five years, ARR.PR.C has shown a tendency to price in line with yield scarcity while consistently offering a yield coupon significantly above Treasuries [25][26]. - The comparison of ARR.PR.C to long-term Treasuries highlights the substantial credit risk associated with preferred REIT equity versus the riskless nature of T-bonds [23].

Group 1 - The global macroeconomy may be in a shaky condition despite the stock market rallying, affecting companies focused on sales and marketing functions as they strive to retain customers and pursue growth [1] Group 2 - Gary Alexander has extensive experience in covering technology companies and advising seed-round startups, contributing to discussions on industry themes since 2017 [2]

Group 1 - The core thesis for Rapid7 (RPD) is that growth is expected to improve as the macroeconomic environment recovers [1] - The investment strategy focuses on identifying undervalued companies with long-term growth potential, emphasizing a blend of value investing principles [1] - The approach involves purchasing quality companies at a discount to their intrinsic value and holding them for long-term compounding of earnings and shareholder returns [1]

Group 1 - ARMOUR Residential REIT, Inc. (ARR) presents a balanced investment profile, suggesting a hold decision for investors [1] - The company offers a high dividend yield, making it attractive for income-focused investors [1] - ARMOUR faces risks related to uncertain interest rates and portfolio leverage, which could impact its performance [1]

Since the previous coverage , Nebius Group N.V. (NASDAQ: NBIS ) stock is up around 50%, demonstrating increasing investor confidence for its infrastructure-first AI strategy. Despite the strong bull run, the stock remains bullish going into Q1Hi, I'm Yiannis. Spotting winners before they break out is what I do best.Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ACCA Global, with BSc and MSc degrees ...

Core Insights - American Rare Earths Limited (ARR) reported positive results from a mapping and channel sampling program at the Cowboy State Mine (CSM) in Wyoming, confirming elevated rare earth mineralization [2][3] - The standout sample graded 1.37% (13,651 ppm) Total Rare Earth Oxide (TREO), with an average TREO grade of 3,661 ppm across the sampled area [3][10] - The project is positioned to become a significant source of critical rare earth materials in the U.S., particularly neodymium, praseodymium, dysprosium, and terbium, which are essential for high-temperature magnets [5][6] Sampling Results - A total of 106 channel samples were collected, with 15 samples exceeding 4,500 ppm TREO, indicating areas of high-grade material [3][10] - Magnet rare earth oxides (MREO) averaged 1,023 ppm, accounting for approximately 28% of the total rare earth content, while heavy rare earth oxides (HREO) averaged 464 ppm, representing around 13% [3][10] Project Development - The southern portion of Red Mountain is highlighted as hosting some of the highest-grade material observed to date for the CSM area, with results being incorporated into an updated geological model and mineral resource estimate [4][10] - The Pre-Feasibility Study for the project is on track for completion in late 2025, with plans for onsite mineral processing and separation facilities [4][11] Strategic Importance - The project is strategically located on state lands in Wyoming, providing a clear path for development without the need for federal permitting reform [7] - With China's recent export bans on critical rare earths, the national importance of Halleck Creek as a secure domestic source has been emphasized [7] Future Outlook - A staged development plan could see first production as early as 2029, positioning Halleck Creek as one of America's most significant rare earth projects [8] - The project aims to reduce U.S. reliance on rare earth imports, particularly from China, while meeting the growing demand for these elements essential to defense and advanced technologies [11]

WithSecure Corporation, Interim Report 1 January – 31 March 2025, 25 April 2025 at 8.00 EEST WithSecure Interim Report 1 January – 31 March 2025: Elements ARR growth continued, 70% ARR growth for Cloud Protection for Salesforce Highlights of January – March 2025 (“first quarter”) Annual Recurring Revenue (ARR)1 for Elements Cloud products and services increased by 8% to EUR 86.6 million (EUR 80.5 million)Elements Cloud ARR increase from previous quarter was 4%Net Revenue Retention (NRR) for Elements Cloud w ...

Laughing Water Capital is a concentrated, long biased investment partnership open to accredited investors. We focus on owning pieces of businesses that are suffering from temporary problems or that are misunderstood by the market due to the vagaries of GAAP accounting or some sort of structural impediment. We consider our portfolio companies to be our partners, and we look for our management teams to have significant equity ownership in our companies. Properly incentivized, we expect our management teams to ...

Financial Data and Key Metrics Changes - ARMOUR's Q1 GAAP net income available to common stockholders was $24.3 million or $0.32 per common share, with net interest income at $36.3 million and distributable earnings at $64.6 million or $0.86 per common share [4] - The quarter-end book value was $18.59 per common share, with the most current estimate as of April 23 being $16.56 per common share after the accrual of April dividends [6] Business Line Data and Key Metrics Changes - The agency portfolio experienced a modest two basis points of tightening in Q1, while agency assets widened approximately 15 basis points in ZV spreads quarter to date [11] - Portfolio MBS prepayment rates averaged 6.1% CPR in Q1 and are trending at around 7.8% CPR so far in Q2, with expectations of a muted prepayment environment due to elevated mortgage rates [12] Market Data and Key Metrics Changes - The rates market is pricing in over three Fed rate cuts this year, reflecting a dovish reaction to support a weakening economy, which is positive for MBS [9] - The mortgage and housing market constitutes approximately 28% to 30% of the economy, indicating the significance of any reform efforts in this sector [8] Company Strategy and Development Direction - ARMOUR is focused on maintaining strong liquidity of over $750 million to withstand short-term volatility and is looking for value in mortgage-backed securities (MBS) [7] - The company aims to pay an attractive and stable dividend over the medium term, with a current monthly dividend of $0.24 per common share [5] Management's Comments on Operating Environment and Future Outlook - Management highlighted pronounced macroeconomic uncertainty due to policy changes and upward pressure on interest rates, but remains optimistic about the compelling ROEs on production and premium coupon MBS [7] - The company is closely monitoring developments in GSE reform, viewing structural changes as a long-term process with potential implications for economic stability and growth [8] Other Important Information - ARMOUR raised approximately $371 million of capital by issuing around 20 million shares of common stock and $300,000 by issuing approximately 17,000 shares of preferred C shares [4] - The company has repurchased 666,000 common shares since March 31, indicating a strategy to manage share count amid market conditions [5] Q&A Session Summary Question: How is ARMOUR approaching risk management in the current environment? - Management emphasized the importance of liquidity and maintaining a leverage level of 7% to 8%, while balancing attractive investment opportunities with the need for defensiveness [17][19] Question: What are the best opportunities within the coupon stack? - The company is biased towards production coupons, particularly in the 5.5% range, and is considering five-year DOS securities for diversification [24][25] Question: What should observers look for regarding GSE reform? - Key aspects to watch include the sovereign backstop and adjustments to risk fees, which could impact risk weights and the competitive landscape in the mortgage market [34][35] Question: How does the decline in book value affect dividend sustainability? - A decline in book value could impact capital available for investment, but management remains comfortable with the current dividend level based on medium-term returns [50] Question: What is the current appetite for mortgage-backed securities among banks? - There has been a return of bank demand for agency MBS, particularly in floating rate aspects, although some investors remain on the sidelines due to market volatility [51][53]