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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 Date2/2/2012
Trade Date2/3/2012
Settlement Date2/8/2012
Completion Date2/3/2012
Overallotment Expiration3/9/2012
Lock-up Expiration3/4/2012
Date Overallotment Exercised2/3/2012
Shelf Filing Date4/22/2011
Mandatory Redemption?No
Exchange for Existing Issue?No

Use of Proceeds
The company plans to use the net proceeds from this offering to acquire additional target assets in accordance with the company's 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 the company's qualification as a REIT. The company may also use a portion of the net proceeds for general corporate purposes. Prior to the time the company has fully used the net proceeds of this offering, the company may fund its quarterly cash distributions out of such net proceeds.

Offer Price ($)6.80
Gross Amount Offered ($000)176,800
Amount Including Overallotment ($000)203,320
Shares Offered26,000,000
Total Shares Offered29,900,000

Overallotment Amount Available ($000)26,520
Overallotment Shares Available3,900,000
Overallotment Amount Exercised ($000)26,520
Overallotment Shares Exercised3,900,000

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Deutsche Bank Securities Inc.11,960,00081,328
  Merrill Lynch, Pierce, Fenner & Smith Incorporated10,660,00072,488
  JMP Securities LLC2,600,00017,680
  Ladenburg Thalmann & Co. Inc.780,0005,304

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

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