Email pagePDF viewPrint viewEmail Alert

Capital Offerings Profile

Company NameARMOUR Residential REIT, Inc.
Offering TypeCommon Stock - Other
DescriptionClass A common stock, $0.001 par value
ISINUS0423155078
Currency of IssueUSD
Trading Symbol (Exchange)ARR (NYSE)
 
Announcement Date5/26/2017
Completion Date5/1/2018
Shelf Filing Date4/26/2018
 
144a?No
Mandatory Redemption?No
Convertible?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, principally MBS and other mortgage-related investments in accordance with its 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. The company may also use a portion of the net proceeds for general corporate purposes. Prior to the time the company have fully used the net proceeds of this offering, it may fund its monthly cash distributions out of such net proceeds.

Pricing
Shares Offered1,937,500
Total Shares Offered1,937,500

Underwriting Fees
Gross Spread (%)2.00

UnderwritersShares UnderwrittenAmount Underwritten($000)
Selling Agent(s)
  Ladenburg Thalmann & Co. Inc.--
  Merrill Lynch, Pierce, Fenner & Smith Incorporated--

Professionals
Issuer's CounselHolland & Knight, LLP
Underwriter's CounselSkadden, Arps, Slate, Meagher & Flom LLP & Affiliates
Auditor(s)Deloitte & Touche, LLP
Clearing House(s)Depository Trust Company

Copyright 2018, © S&P Global Market Intelligence  Terms of Use