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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
Currency of IssueUSD
Trading Symbol (Exchange)ARR.PRB (NYSE)
Announcement Date8/31/2017
Completion Date9/30/2017
Shelf Filing Date5/1/2015
Mandatory Redemption?No
Exchange for Existing Issue?No

Use of Proceeds
The company intends to use the net proceeds from this offering to acquire additional target assets in accordance with its objectives, strategies and for other general corporate purposes. 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. These investments are expected to provide a lower net return than it will seek to achieve from the company's target assets. The company may also use a portion of the net proceeds for general corporate purposes. Although the company currently have no intention of doing so, prior to the time the company have fully used the net proceeds of this offering, the company may fund its monthly cash dividends out of such net proceeds.

Gross Amount Offered ($000)7,756
Amount Including Overallotment ($000)7,756
Shares Offered310,000
Total Shares Offered310,000

Underwriting Fees
Gross Spread (%)2.00

UnderwritersShares UnderwrittenAmount Underwritten($000)
  B. Riley FBR, Inc.310,0007,756

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

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