ARMOUR Residential REIT, Inc. Announces Pricing of Public Offering of 18,500,000 Shares of Common Stock

Core Viewpoint - ARMOUR Residential REIT, Inc. has announced a public offering of 18,500,000 shares of common stock, aiming for gross proceeds of approximately $302.475 million, with a potential increase to $347.846 million if the underwriters exercise their option for additional shares [1][2]. Group 1: Offering Details - The offering includes a 30-day option for underwriters to purchase up to 2,775,000 additional shares [1]. - Goldman Sachs & Co. LLC is the sole bookrunner, while BUCKLER Securities LLC is the co-manager for the offering [2]. - The settlement of the offering is expected to occur on or about August 7, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to acquire additional mortgage-backed securities and other mortgage-related assets, aligning with the company's investment objectives and strategies [2]. Group 3: Company Overview - ARMOUR primarily invests in fixed-rate residential, adjustable-rate, and hybrid adjustable-rate mortgage-backed securities that are issued or guaranteed by U.S. Government-sponsored enterprises or the Government National Mortgage Association [6]. - The company is externally managed and advised by ARMOUR Capital Management LP, which is registered with the SEC [6].