ARMOUR Residential REIT, Inc. Reiterates Q1 2021 Net Income of $71.3 Million
April 22 2021 - 12:29PM
ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or
the “Company”) today reiterates its previously reported net income
for the first quarter of 2021 of $71.3 million, or $1.03 per
diluted common share. The Company’s complete financial
statements are included in its recently filed Form 10-Q. It has
come to ARMOUR’s attention that certain media outlets today
erroneously reported the Company’s net income figures as losses.
About ARMOUR Residential REIT,
Inc.ARMOUR invests exclusively in fixed rate residential,
adjustable rate and hybrid adjustable rate residential
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”).
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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