ARMOUR Residential REIT (ARR) Bought Back $160M of Common Stock in 2015

ARMOUR Residential REIT, Inc. (NYSE: ARR) announced that the Company made share repurchases totaling approximately $160 million in 2015 under its previously announced Common stock repurchase program. Total Common shares repurchased for the year exceeded 7.5 million. Common shares outstanding at December 31, 2015 were approximately 36,682,000, representing a 16.9% net reduction in Common shares outstanding compared to December 31, 2014. Over 1,881,000 Common shares remain available for future repurchase under ARMOUR’s current Common stock repurchase program.

The stock buyback cost to ARMOUR was $21.25 per Common share on average, resulting in an estimated accretive effect on Stockholders’ equity per Common share of approximately $1.13 as of December 31, 2015.

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