ARMOUR Residential (ARR) Announces 22 Million Share Public Offering
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ARMOUR Residential REIT, Inc. (NYSE: ARR) announced today that it is commencing an underwritten public offering of 22,000,000 shares of common stock. ARMOUR expects to grant the underwriters a 30-day option to purchase up to 3,300,000 additional shares of common stock.
Deutsche Bank Securities Inc. and BofA Merrill Lynch are acting as joint book-running managers of the offering.
The Company intends to use the net proceeds of the offering to acquire additional agency securities as market conditions warrant and for general corporate purposes.
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Deutsche Bank Securities Inc. and BofA Merrill Lynch are acting as joint book-running managers of the offering.
The Company intends to use the net proceeds of the offering to acquire additional agency securities as market conditions warrant and for general corporate purposes.
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