JAVELIN Mortgage Investment (JMI) Declares $0.09 Quarterly Dividend; 5.1% Yield

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ARMOUR Commences Tender Offer for JAVELIN Shares

March 7, 2016 6:00 AM EST

VERO BEACH, Florida, March 07, 2016 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR") announced today that, through a newly formed subsidiary, JMI Acquisition Corporation ("Acquisition"), it has commenced an offer (the "Tender Offer") to purchase all the shares of common stock ("Common Stock") of JAVELIN Mortgage Investment Corp. (NYSE: JMI) ("JAVELIN") for consideration per share to be paid in cash (the "Tender Offer Price"), equal to 87% of the book value per share of Common Stock ("BVPS") calculated as of 5:00 P.M. New York City time on the... More

Javelin Mortgage Investment Corp. Reports Q4 2015 ROE of 11.6% From Core Income of $3.5 Million or $0.29 Per Common Share, Net Income of $5.2 Million or $0.44 Per Common Share

March 3, 2016 4:55 PM EST

VERO BEACH, Fla., March 03, 2016 (GLOBE NEWSWIRE) -- JAVELIN Mortgage Investment Corp. (NYSE: JMI) (JAVELIN or the Company) today announced financial results for the quarter ended December 31, 2015.

Q4 2015 Highlights and Financial Information

Q4 2015 Key Results: $3.5 million ($0.29 per Common share) Core Income including drop income (as defined below), which represents an annualized return of 11.6% based on stockholders equity at the beginning of the quarter.$0.27 per Common share dividends for Q4 at the rate of $0.09 per month$5.2 million ($0.44 per Common share) net income under Generally Accepted Accounting... More