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ARMOUR Residential REIT, Inc. Message Board

  • tomg86402 tomg86402 Feb 20, 2013 11:58 AM Flag

    From the SEC filing

    We are selling 65,000,000 shares of common stock as described in this prospectus supplement and the accompanying prospectus.



    The underwriters have agreed to purchase our common stock from us at a price of $6.75 per share, which will result in approximately $438.5 million of total net proceeds to us after deducting offering expenses to us. The underwriters may offer our common stock in transactions on The New York Stock Exchange, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. See “Underwriting.”

    We are selling 65,000,000 shares of common stock as described in this prospectus supplement and the accompanying prospectus.



    The underwriters have agreed to purchase our common stock from us at a price of $6.75 per share, which will result in approximately $438.5 million of total net proceeds to us after deducting offering expenses to us. The underwriters may offer our common stock in transactions on The New York Stock Exchange, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. See “Underwriting.”
    65,000,000 Shares

    Common Stock

    We are selling 65,000,000 shares of common stock as described in this prospectus supplement and the accompanying prospectus.



    The underwriters have agreed to purchase our common stock from us at a price of $6.75 per share, which will result in approximately $438.5 million of total net proceeds to us after deducting offering expenses to us. The underwriters may offer our common stock in transactions on The New York Stock Exchange, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. See “Underwriting.”



    Our common stock is traded on the New York Stock Exchange, or NYSE, under the symbol “ARR.” The closing price of our common stock on the NYSE on February 13, 2013 was $7.09 per share.



    We have elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with our taxable year ended December 31, 2009. To assist us in qualifying as a REIT, among other purposes, stockholders are generally restricted under our charter from beneficially owning more than 9.8% by value or number of shares, whichever is more restrictive, of our outstanding shares of common stock. In addition, our charter contains various other restrictions on the ownership and transfer of our common stock.



    Investing in our common stock involves risks. You should carefully consider the risks described under “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as the other information contained or incorporated by reference in this prospectus supplement hereto and the accompanying prospectus before making a decision to invest in our common stock.



    Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined that this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.



    We have granted the underwriters the right to purchase up to 9,750,000 additional shares of common stock.



    It is expected that the delivery of the shares will be made on or about February 20, 2013.

    Deutsche Bank Securities

    BofA Merrill Lynch

    Barclays

    Citigroup

    Credit Suisse

    J.P. Morgan

    The date of this prospectus supplement is February 14, 2013

    65,000,000 Shares

    Common Stock

    We are selling 65,000,000 shares of common stock as described in this prospectus supplement and the accompanying prospectus.



    The underwriters have agreed to purchase our common stock from us at a price of $6.75 per share, which will result in approximately $438.5 million of total net proceeds to us after deducting offering expenses to us. The underwriters may offer our common stock in transactions on The New York Stock Exchange, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. See “Underwriting.”



    Our common stock is traded on the New York Stock Exchange, or NYSE, under the symbol “ARR.” The closing price of our common stock on the NYSE on February 13, 2013 was $7.09 per share.



    We have elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with our taxable year ended December 31, 2009. To assist us in qualifying as a REIT, among other purposes, stockholders are generally restricted under our charter from beneficially owning more than 9.8% by value or number of shares, whichever is more restrictive, of our outstanding shares of common stock. In addition, our charter contains various other restrictions on the ownership and transfer of our common stock.



    Investing in our common stock involves risks. You should carefully consider the risks described under “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as the other information contained or incorporated by reference in this prospectus supplement hereto and the accompanying prospectus before making a decision to invest in our common stock.



    Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined that this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.



    We have granted the underwriters the right to purchase up to 9,750,000 additional shares of common stock.



    It is expected that the delivery of the shares will be made on or about February 20, 2013.

    Deutsche Bank Securities

    BofA Merrill Lynch

    Barclays

    Citigroup

    Credit Suisse

    J.P. Morgan

    The date of this prospectus supplement is February 14, 2013
    The underwriters have agreed to purchase our common stock from us at a price of $6.75 per share, which will result in approximately $438.5 million of total net proceeds to us after deducting offering expenses to us. The underwriters may offer our common stock in transactions on The New York Stock Exchange, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. See “Underwriting.”

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