VERO BEACH, Florida, Jan. 14, 2019 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) announced that it is commencing an underwritten public offering of 5,000,000 shares of common stock. ARMOUR expects to grant the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock.

Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint book-running managers of the offering.

The Company intends to use the net proceeds of the offering to acquire additional target assets as market conditions warrant and for general corporate purposes.

About ARMOUR Residential REIT, Inc.

ARMOUR 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 (“GSEs”), or guaranteed by the Government National Mortgage Association. In addition, ARMOUR invests in other securities backed by residential mortgages for which the payment of principal and interest is not guaranteed by a GSE or government agency. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the SEC.