ARMOUR Residential REIT, Inc. Confirms August 2020 Dividend Rate Per Common Share

Rhea-AI Summary

ARMOUR Residential REIT (NYSE: ARR) confirmed a cash dividend of $0.10 for August 2020, payable on August 28, 2020, to shareholders on record as of August 17, 2020. This dividend aligns with ARMOUR's real estate investment trust (REIT) tax obligations, requiring substantial distribution of taxable income. The company primarily invests in U.S. government-backed residential mortgage securities, having reduced its legacy portfolio. The dividend reflects ARMOUR's financial strategies and market conditions.

Positive

• Confirmed cash dividend of $0.10 for August 2020.
• Dividend payment date of August 28, 2020, providing income for shareholders.
• Continued compliance with REIT requirements enhances financial stability.

Negative

• None.

VERO BEACH, Florida, July 22, 2020 (GLOBE NEWSWIRE) -- 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

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Month		Dividend		Holder of Record Date		Payment Date
24%; width:24%; min-width:24%;">August 2020	1%; width:1%; min-width:1%;">	24%; width:24%; min-width:24%;">$0.10	1%; width:1%; min-width:1%;">	24%; width:24%; min-width:24%;">August 17, 2020	1%; width:1%; min-width:1%;">	24%; width:24%; min-width:24%;">August 28, 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 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 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 dividend amount for ARMOUR Residential REIT in August 2020?

The dividend amount for ARMOUR Residential REIT in August 2020 is $0.10.

When will the August 2020 dividend for ARR be paid?

The August 2020 dividend for ARR will be paid on August 28, 2020.

What is the record date for ARMOUR's August 2020 dividend?

The record date for ARMOUR's August 2020 dividend is August 17, 2020.

How does ARMOUR maintain its REIT status?

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