ARMOUR Residential REIT, Inc. Confirms August 2020 Dividend Rate Per Common Share
July 22 2020 - 6:30AM
ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or
the “Company”) today confirmed the August 2020 cash dividend rate
for the Company's Common Stock.
August 2020 Common Stock Dividend
Information
Month |
|
Dividend |
|
Holder of Record Date |
|
Payment Date |
August 2020 |
|
$0.10 |
|
August 17, 2020 |
|
August 28, 2020 |
Certain Tax MattersARMOUR 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. Dividends paid in excess of
current tax earnings and profits for the year will generally not be
taxable to common stockholders. Actual dividends are determined at
the discretion of the Company’s Board of directors, who may
consider additional factors including the Company’s results of
operations, cash flows, financial condition, capital requirements
as well as current market conditions, expected opportunities and
other relevant factors.
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. The Company has
liquidated a substantial majority of its legacy portfolio of
unguaranteed mortgage-backed securities. ARMOUR is externally
managed and advised by ARMOUR Capital Management LP, an investment
advisor registered with the Securities and Exchange Commission
(“SEC”).
Safe HarborThis 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
ItInvestors, security holders and other interested persons
may find additional information regarding the Company at the SEC’s
internet site at www.sec.gov, or the Company website at
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.
MountainChief Financial OfficerARMOUR Residential REIT, Inc.(772)
617-4340
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