ARMOUR Residential REIT, Inc. Announces Guidance for October 2020 Dividend of $0.10 Per Common Share

Rhea-AI Summary

ARMOUR Residential REIT, Inc. (NYSE: ARR) has announced its cash dividend for October 2020, maintaining the monthly rate at $0.10 per common share. The holder of record date is set for October 15, 2020, with the payment date on October 29, 2020. As a real estate investment trust (REIT), ARMOUR must distribute substantially all of its taxable income to maintain its tax status. This dividend announcement reflects the company's ongoing commitment to delivering income to its shareholders amidst market conditions.

Positive

• Maintaining a monthly dividend of $0.10 per common share reflects confidence in financial stability.
• Payment on October 29, 2020, supports shareholder income expectations.

Negative

• None.

VERO BEACH, Florida, Sept. 23, 2020 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced guidance on the October 2020 monthly cash dividend for the Company’s Common Stock, which maintains the current monthly dividend rate of $0.10 per Common share.

October 2020 Common Stock Dividend Information

Month		Dividend		Holder of Record Date		Payment Date
October 2020		$0.10		October 15, 2020		October 29, 2020

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. 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 mortgagebacked securities issued or guaranteed by U.S. Government-sponsored enterprises (“GSEs”), 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 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 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. Mountain
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340

FAQ

What is the October 2020 dividend for ARMOUR Residential REIT (ARR)?

The October 2020 dividend for ARMOUR Residential REIT (NYSE: ARR) is $0.10 per common share.

When is the payment date for the October 2020 dividend of ARR?

The payment date for the October 2020 dividend of ARMOUR (ARR) is October 29, 2020.

What is the holder of record date for ARMOUR's October dividend?

The holder of record date for ARMOUR's October 2020 dividend is October 15, 2020.

How does ARMOUR Residential REIT maintain its REIT status?

ARMOUR maintains its REIT status by distributing substantially all of its ordinary taxable income to shareholders.