ARMOUR Residential REIT, Inc. Confirms July 2016 Dividend Rate Per Common Share and Q3 Monthly Dividend Rates Per Preferred S...
July 01 2016 - 8:30AM
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB)
(“ARMOUR” or the “Company”) today confirmed the July 2016 cash
dividend rate for the Company’s Common Stock and the Q3 2016
monthly cash dividend rates for the Company’s Series A and Series B
Preferred Stock.
July 2016 Common Stock Dividend
Information
Month |
|
Dividend |
|
Holder of Record Date |
|
Payment Date |
July
2016 |
|
$ |
0.22 |
|
|
July 15,
2016 |
|
July 27,
2016 |
|
|
|
|
|
|
|
|
|
Q3 2016 Series A Preferred Stock Dividend
Information
Month |
|
Dividend |
|
Holder of Record Date |
|
Payment Date |
July
2016 |
|
$ |
0.171875 |
|
|
July 15,
2016 |
|
July 27,
2016 |
August
2016 |
|
$ |
0.171875 |
|
|
August
15, 2016 |
|
August
29, 2016 |
September
2016 |
|
$ |
0.171875 |
|
|
September
15, 2016 |
|
September
27, 2016 |
|
|
|
|
|
|
|
|
|
Q3 2016 Series B Preferred Stock Dividend
Information
Month |
|
Dividend |
|
Holder of Record Date |
|
Payment Date |
July
2016 |
|
$ |
0.1640625 |
|
|
July 15,
2016 |
|
July 27,
2016 |
August
2016 |
|
$ |
0.1640625 |
|
|
August
15, 2016 |
|
August
29, 2016 |
September
2016 |
|
$ |
0.1640625 |
|
|
September
15, 2016 |
|
September
27, 2016 |
|
|
|
|
|
|
|
|
|
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 invests primarily in fixed rate residential,
adjustable rate and hybrid adjustable rate residential
mortgage-backed securities issued or guaranteed by U.S.
Government-sponsored enterprises (“GSEs”), or guaranteed by the
Government National Mortgage Association. In addition, ARMOUR
invests in other securities backed by residential mortgages for
which the payment of principal and interest is not guaranteed by a
GSE or government agency. ARMOUR is externally managed and
advised by ARMOUR Capital Management LP, an investment advisor
registered with the Securities and Exchange Commission (“SEC”).
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.
Investor Contact:
James R. Mountain
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340
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