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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 Date12/17/2010
Trade Date12/17/2010
Settlement Date12/22/2010
Completion Date12/17/2010
Overallotment Expiration2/5/2011
Lock-up Expiration2/15/2011
Date Overallotment Exercised12/22/2010
Shelf Filing Date11/17/2010
Mandatory Redemption?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds from the offering will be used to acquire additional target assets in accordance with the company's objectives and strategies. The company may invest the net proceeds from this offering in interest-bearing short-term investments, including funds that are consistent with the company qualification as a REIT.

Offer Price ($)7.50
Gross Amount Offered ($000)28,875
Amount Including Overallotment ($000)33,206
Shares Offered3,850,000
Total Shares Offered4,427,500
Original Shelf Value ($000)278,836

Overallotment Amount Available ($000)4,331
Overallotment Shares Available577,500
Overallotment Amount Exercised ($000)4,331
Overallotment Shares Exercised577,500

Underwriting Fees
Gross Spread ($)0.38
Gross Spread (%)5.00
Sales Concession ($)0.23

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Ladenburg Thalmann & Co. Inc.1,950,00014,625
Non-book Lead Manager(s)
  Maxim Group LLC840,0006,300
  Macquarie Capital (USA) Inc.385,0002,888
  Aegis Capital Corp.400,0003,000
  National Securities Corporation240,0001,800
  Boenning & Scattergood, Inc.35,000262

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

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