Am thinking about picking up some 500 shares of the preferred. Any comments on the preferreds?
do you happen to know the symbol of the preferred stk ?
Janet, it is ARRPP.
I have 3500 shares of ARR common also.
Disclosure: I am long ARR, AGNC, NLY. (More...)
On Friday, ARMOUR Residential REIT (ARR) issued its 7.875% Series B Cumulative Redeemable Preferred Stock. So, you must decide if you want the safety of series B or 13.6% return of the common. Only you can prevent forest fires.