ARMOUR Residential REIT prices $302 million stock offering

ARMOUR Residential REIT, Inc. (NYSE: ARR) announced it has priced a public offering of 18.5 million shares of common stock at approximately $302.5 million in gross proceeds. The company granted underwriters a 30-day option to purchase up to 2.775 million additional shares, which would increase total proceeds to approximately $347.8 million if exercised in full.

Settlement of the offering is expected to occur on or about August 7, 2025, subject to customary closing conditions. Goldman Sachs & Co. LLC serves as sole bookrunner for the offering, with BUCKLER Securities LLC acting as co-manager.

The company stated it intends to use net proceeds to acquire additional mortgage-backed securities and other mortgage-related assets in accordance with its investment objectives and strategies outlined in SEC filings.

ARMOUR operates as a real estate investment trust that 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 or guaranteed by the Government National Mortgage Association. The company is externally managed by ARMOUR Capital Management LP.

A registration statement relating to the securities has been filed with the Securities and Exchange Commission and became effective automatically upon filing. The offering is being conducted through a prospectus supplement and accompanying base prospectus.

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