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Capital Offerings Profile

Company NameARMOUR Residential REIT, Inc.
Offering TypePreferred Equity
Description7.875% Series B cumulative redeemable preferred stock, $0.001 par value
ISINUS0423154089
Currency of IssueUSD
Trading Symbol (Exchange)ARR.PRB (NYSE)
 
Announcement Date2/7/2013
Trade Date2/7/2013
Settlement Date2/12/2013
Completion Date2/7/2013
Overallotment Expiration3/14/2013
Lock-up Expiration3/9/2013
Date Overallotment Exercised2/12/2013
Shelf Filing Date7/9/2012
 
144a?No
Mandatory Redemption?No
Convertible?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 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)135,000
Amount Including Overallotment ($000)141,250
Shares Offered5,400,000
Total Shares Offered5,650,000

Overallotments
Overallotment Amount Available ($000)20,250
Overallotment Shares Available810,000
Overallotment Amount Exercised ($000)6,250
Overallotment Shares Exercised250,000

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.1,809,00045,225
  UBS Securities LLC1,809,00045,225
  Deutsche Bank Securities Inc.540,00013,500
Co-Manager(s)
  Barclays Capital Inc.216,0005,400
  Credit Suisse Securities (USA) LLC216,0005,400
  J.P. Morgan Securities LLC216,0005,400
  MLV & Co. LLC108,0002,700
  JMP Securities LLC81,0002,025
  Ladenburg Thalmann & Co. Inc.81,0002,025
  Maxim Group LLC81,0002,025
  National Securities Corporation81,0002,025
  Halliday Financial, LLC54,0001,350
  Hilltop Securities Inc.54,0001,350
  KeyBanc Capital Markets Inc.54,0001,350

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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