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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 Date5/31/2011
Trade Date6/1/2011
Settlement Date6/6/2011
Completion Date6/1/2011
Overallotment Expiration7/6/2011
Lock-up Expiration7/1/2011
Date Overallotment Exercised6/8/2011
Shelf Filing Date4/22/2011
Mandatory Redemption?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds from this offering will be used to acquire additional target assets in accordance with the company's investment objectives and strategies. Until appropriate assets can be identified, the company may invest the net proceeds from this offering in interest-bearing short-term investments, including funds that are consistent with its qualification as a REIT. Prior to the time the company has fully used the net proceeds of this offering to acquire its target assets, the company may fund its quarterly cash distributions out of such net proceeds.

Offer Price ($)7.40
Gross Amount Offered ($000)118,400
Amount Including Overallotment ($000)136,160
Shares Offered16,000,000
Total Shares Offered18,400,000

Overallotment Amount Available ($000)17,760
Overallotment Shares Available2,400,000
Overallotment Amount Exercised ($000)17,760
Overallotment Shares Exercised2,400,000

Underwriting Fees
Gross Spread ($)0.26
Gross Spread (%)3.57
Sales Concession ($)0.15

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Deutsche Bank Securities Inc.10,400,00076,960
Non-book Lead Manager(s)
  Ladenburg Thalmann & Co. Inc.3,200,00023,680
  JMP Securities LLC1,600,00011,840
  Sandler O'Neill & Partners, L.P.800,0005,920

Issuer's CounselAkerman LLP
Underwriter's CounselSkadden, Arps, Slate, Meagher & Flom LLP & Affiliates
Auditor(s)EisnerAmper LLP

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