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Capital Offerings Profile

Company NameARMOUR Residential REIT, Inc.
Offering TypeFollow-On
DescriptionClass A common stock, $0.001 par value
Currency of IssueUSD
Trading Symbol (Exchange)ARR (NYSE)
Announcement Date9/15/2010
Trade Date11/4/2010
Settlement Date11/9/2010
Completion Date11/4/2010
Overallotment Expiration12/24/2010
Lock-up Expiration1/3/2011
Date Overallotment Exercised11/9/2010
Mandatory Redemption?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds from this offering will be used by the company to acquire additional target assets, principally agency securities and agency debt, in accordance with the company's objectives and strategies.

Offer Price ($)7.25
Gross Amount Offered ($000)29,000
Amount Including Overallotment ($000)33,350
Shares Offered4,000,000
Total Shares Offered4,600,000

Overallotment Amount Available ($000)4,350
Overallotment Shares Available600,000
Overallotment Amount Exercised ($000)4,350
Overallotment Shares Exercised600,000

Underwriting Fees
Gross Spread ($)0.36
Gross Spread (%)5.00
Sales Concession ($)0.22

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Ladenburg Thalmann & Co. Inc.2,215,00016,059
Non-book Lead Manager(s)
  Maxim Group LLC715,0005,184
  Macquarie Capital (USA) Inc.500,0003,625
  National Securities Corporation400,0002,900
  Boenning & Scattergood, Inc.170,0001,233

Issuer's CounselAkerman LLP
Underwriter's CounselGraubard Miller
Auditor(s)EisnerAmper LLP

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