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Capital Offerings Profile

Company NameARMOUR Residential REIT, Inc.
Offering TypePreferred Equity
Description8.250% Series A cumulative redeemable preferred stock, $0.001 par value
ISINUS0423153099
Currency of IssueUSD
Trading Symbol (Exchange)ARR.PRA (NYSE)
 
Announcement Date5/31/2012
Trade Date5/31/2012
Settlement Date6/7/2012
Completion Date5/31/2012
Overallotment Expiration7/7/2012
Lock-up Expiration6/30/2012
Shelf Filing Date4/22/2011
 
144a?No
Mandatory Redemption?No
Convertible?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. 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.

Pricing
Offer Price ($)25.00
Gross Amount Offered ($000)35,000
Amount Including Overallotment ($000)35,000
Shares Offered1,400,000
Total Shares Offered1,400,000

Overallotments
Overallotment Amount Available ($000)5,250
Overallotment Shares Available210,000

Underwriting Fees
Gross Spread ($)0.79
Gross Spread (%)3.15
Sales Concession ($)0.50
Reallowance ($)0.45

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Citigroup Global Markets Inc.476,00011,900
  Merrill Lynch, Pierce, Fenner & Smith Incorporated476,00011,900
  Deutsche Bank Securities Inc.238,0005,950
Co-Manager(s)
  Credit Suisse Securities (USA) LLC70,0001,750
  J.P. Morgan Securities LLC70,0001,750
Junior Co-manager(s)
  Ladenburg Thalmann & Co. Inc.35,000875
  Sandler O'Neill & Partners, L.P.35,000875

Professionals
Issuer's CounselAkerman LLP
Underwriter's CounselSkadden, Arps, Slate, Meagher & Flom LLP & Affiliates
Auditor(s)EisnerAmper LLP
Clearing House(s)Depository Trust Company

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