ARMOUR Residential REIT, Inc. Confirms July 2020 Dividend Rate per Common Share and Q3 2020 Monthly Dividend Rate per Series ...
July 01 2020 - 4:15PM
ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or
the “Company”) today confirmed the July 2020 cash dividend for the
Company's Common Stock and the Q3 2020 monthly cash dividend rate
for the Company's Series C Preferred Stock.
July 2020 Common Stock Dividend
Information
Month |
|
Dividend |
|
Holder of Record Date |
|
Payment Date |
July 2020 |
|
$0.10 |
|
July 15, 2020 |
|
July 30, 2020 |
Q3 2020 Series C Preferred Stock
Dividend Information
Month |
|
Dividend |
|
Holder of Record Date |
|
Payment Date |
July 2020 |
|
$0.14583 |
|
July 15, 2020 |
|
July 27, 2020 |
August 2020 |
|
$0.14583 |
|
August 15, 2020 |
|
August 27, 2020 |
September 2020 |
|
$0.14583 |
|
September 15, 2020 |
|
September 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. MountainChief Financial OfficerARMOUR Residential REIT,
Inc.(772) 617-4340
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