ARMOUR Residential REIT, Inc. Announces Expected Monthly Dividend Rate Per Common Share for Q2 2015
March 25 2015 - 04:05PM
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB)
("ARMOUR" or the "Company") today announced the Q2 2015 expected
monthly cash dividend rate for the Company's Common Stock.
Q2 2015 Common Stock Dividend Information
Month |
|
Dividend |
|
Holder of Record
Date |
|
Payment Date |
April 2015 |
|
$0.04 |
|
April 15, 2015 |
|
April 27, 2015 |
May 2015 |
|
$0.04 |
|
May 15, 2015 |
|
May 27, 2015 |
June 2015 |
|
$0.04 |
|
June 15, 2015 |
|
June 29, 2015 |
Certain Tax Matters
ARMOUR has elected to be taxed as a real estate investment trust
("REIT") for U.S. Federal income tax purposes. In order to maintain
this tax status, ARMOUR is required to timely distribute
substantially all of its ordinary REIT taxable income. Accordingly,
ARMOUR may increase the amount of one or more announced dividends
before the applicable record date or may declare supplemental
dividends, if necessary to meet this tax requirement. Dividends
paid in excess of REIT taxable income for a fiscal year (including
any taxable income carried forward from the previous year) will
generally not be taxable to stockholders.
About ARMOUR Residential REIT, Inc.
ARMOUR is a Maryland corporation that invests primarily in fixed
rate residential, adjustable rate and hybrid adjustable rate
mortgage-backed securities issued or guaranteed by U.S.
Government-sponsored enterprises, or guaranteed by the Government
National Mortgage Association. ARMOUR is externally managed and
advised by ARMOUR Capital Management LP, an investment advisor
registered with the Securities and Exchange Commission ("SEC"),
which changed its name from ARMOUR Residential Management LLC and
converted from a Delaware limited liability company to a Delaware
limited partnership on December 19, 2014.
Safe Harbor
This press release includes "forward-looking statements" within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Actual results
may differ from expectations, estimates and projections and,
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "continue," and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. The Company disclaims
any obligation to release publicly any updates or revisions to any
forward-looking statement to reflect any change in its expectations
or any change in events, conditions or circumstances on which any
such statement is based, except as required by law.
Additional Information and Where to Find It
Investors, security holders and other interested persons may
find additional information regarding the Company at the SEC's
Internet site at http://www.sec.gov, or the Company website at
http://www.armourreit.com, or by directing requests to: ARMOUR
Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach,
Florida 32963, Attention: Investor Relations.
CONTACT: Investor Contact:
James R. Mountain
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340
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