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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 Date2/3/2011
Trade Date2/3/2011
Settlement Date2/8/2011
Completion Date2/3/2011
Overallotment Expiration3/25/2011
Lock-up Expiration5/4/2011
Date Overallotment Exercised2/8/2011
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's qualification as a REIT.

Offer Price ($)7.60
Gross Amount Offered ($000)58,900
Amount Including Overallotment ($000)67,735
Shares Offered7,750,000
Total Shares Offered8,912,500
Original Shelf Value ($000)278,836

Overallotment Amount Available ($000)8,835
Overallotment Shares Available1,162,500
Overallotment Amount Exercised ($000)8,835
Overallotment Shares Exercised1,162,500

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.4,880,00037,088
Non-book Lead Manager(s)
  Maxim Group LLC1,370,00010,412
  Aegis Capital Corp.900,0006,840
  National Securities Corporation600,0004,560

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

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