VERO BEACH, Fla., Dec. 18, 2013 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR" or the "Company") today announced the fiscal year 2014 expected monthly cash dividend rate for the Company's Common Stock of $0.05 per share.
2014 Common Stock Dividend Information
|Month||Dividend||Holder of Record Date||Payment Date|
|January 2014||$0.05||January 15, 2014||January 30, 2014|
|February 2014||$0.05||February 14, 2014||February 27, 2014|
|March 2104||$0.05||March 17, 2104||March 28, 2104|
|April 2014||$0.05||April 15, 2014||April 29, 2014|
|May 2014||$0.05||May 15, 2014||May 29, 2014|
|June 2014||$0.05||June 16, 2014||June 27, 2014|
|July 2014||$0.05||July 15, 2014||July 30, 2014|
|August 2014||$0.05||August 15, 2014||August 29, 2014|
|September 2014||$0.05||September 15, 2014||September 29, 2014|
|October 2014||$0.05||October 15, 2014||October 30, 2014|
|November 2014||$0.05||November 17, 2014||November 26, 2014|
|December 2014||$0.05||December 15, 2014||December 30, 2014|
Certain Tax Matters
ARMOUR has elected to be taxed as a real estate investment trust ("REIT") for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Accordingly, ARMOUR may increase the amount of one or more announced dividends before the applicable record date or may declare supplemental dividends, if necessary to meet this tax requirement. Dividends paid in excess of REIT taxable income for a fiscal year (including any taxable income carried forward from the previous year) will generally not be taxable to stockholders.
About ARMOUR RESIDENTIAL REIT, Inc.
ARMOUR is a Maryland corporation that invests primarily in residential fixed rate, adjustable rate and hybrid adjustable rate mortgage-backed securities issued or guaranteed by U.S. Government–sponsored entities. ARMOUR is externally managed and advised by ARMOUR Residential Management LLC, an investment advisor registered with the Securities and Exchange Commission ("SEC").
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. The Company disclaims any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Additional Information and Where to Find It
Investors, security holders and other interested persons may find additional information regarding the Company at the SEC's Internet site at http://www.sec.gov/, or the Company website http://www.armourreit.com, or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations.
CONTACT: Investor Contact: James R. Mountain Chief Financial Officer ARMOUR Residential REIT, Inc. (772) 617-4340Source:ARMOUR Residential REIT, Inc.