ARMOUR Residential REIT, Inc. Announces Public Offering of 18,500,000 Shares of Common Stock
ARMOUR Residential REIT (NYSE: ARR) has announced a significant public offering of 18.5 million shares of common stock, with an additional 30-day option for underwriters to purchase up to 2.775 million shares. Goldman Sachs & Co. LLC will serve as the sole bookrunner, with BUCKLER Securities LLC as co-manager.
The company plans to use the net proceeds to acquire additional mortgage-backed securities and mortgage-related assets aligned with their investment strategy. The offering will be conducted through a prospectus supplement and base prospectus, with required documentation filed with the SEC.
ARMOUR Residential REIT (NYSE: ARR) ha annunciato un'importante offerta pubblica di 18,5 milioni di azioni ordinarie, con un'opzione aggiuntiva di 30 giorni per gli underwriter di acquistare fino a 2,775 milioni di azioni. Goldman Sachs & Co. LLC agirà come unico bookrunner, con BUCKLER Securities LLC come co-manager.
L'azienda prevede di utilizzare i proventi netti per acquisire ulteriori titoli garantiti da mutui e attività correlate ai mutui in linea con la propria strategia di investimento. L'offerta sarà effettuata tramite un supplemento al prospetto e un prospetto base, con la documentazione necessaria depositata presso la SEC.
ARMOUR Residential REIT (NYSE: ARR) ha anunciado una oferta pública significativa de 18,5 millones de acciones ordinarias, con una opción adicional de 30 días para que los suscriptores compren hasta 2,775 millones de acciones. Goldman Sachs & Co. LLC será el único bookrunner, con BUCKLER Securities LLC como co-gerente.
La compañía planea usar los ingresos netos para adquirir valores respaldados por hipotecas y activos relacionados con hipotecas que estén alineados con su estrategia de inversión. La oferta se llevará a cabo mediante un suplemento al prospecto y un prospecto base, con la documentación requerida presentada ante la SEC.
ARMOUR Residential REIT (NYSE: ARR)는 1,850만 주의 보통주를 대상으로 하는 대규모 공개 발행을 발표했으며, 추가로 언더라이터가 최대 277.5만 주를 30일 동안 추가 매입할 수 있는 옵션을 포함하고 있습니다. 골드만 삭스 & 컴퍼니 LLC가 단독 북러너로, BUCKLER 증권 LLC가 공동 매니저로 참여합니다.
회사는 순수익을 추가 모기지 담보 증권 및 모기지 관련 자산을 인수하는 데 사용할 계획이며, 이는 투자 전략과 일치합니다. 이 공모는 보충 설명서와 기본 설명서를 통해 진행되며, 필요한 서류는 SEC에 제출됩니다.
ARMOUR Residential REIT (NYSE: ARR) a annoncé une importante offre publique de 18,5 millions d'actions ordinaires, avec une option supplémentaire de 30 jours permettant aux souscripteurs d'acheter jusqu'à 2,775 millions d'actions. Goldman Sachs & Co. LLC agira en tant que chef de file unique, avec BUCKLER Securities LLC comme co-gestionnaire.
La société prévoit d'utiliser le produit net pour acquérir des titres adossés à des hypothèques et des actifs liés aux hypothèques conformément à sa stratégie d'investissement. L'offre sera réalisée par le biais d'un supplément au prospectus et d'un prospectus de base, avec les documents requis déposés auprès de la SEC.
ARMOUR Residential REIT (NYSE: ARR) hat eine bedeutende öffentliche Platzierung von 18,5 Millionen Stammaktien angekündigt, mit einer zusätzlichen 30-Tage-Option für die Underwriter, bis zu 2,775 Millionen Aktien zu erwerben. Goldman Sachs & Co. LLC wird als alleiniger Bookrunner fungieren, BUCKLER Securities LLC als Co-Manager.
Das Unternehmen plant, die Nettoerlöse zum Erwerb zusätzlicher hypothekenbesicherter Wertpapiere und hypothekenbezogener Vermögenswerte zu verwenden, die mit ihrer Anlagestrategie übereinstimmen. Das Angebot wird durch einen Prospektergänzungsbericht und einen Basisprospekt durchgeführt, wobei die erforderlichen Unterlagen bei der SEC eingereicht werden.
- Potential expansion of mortgage-backed securities portfolio
- Strategic growth opportunity through capital raising
- Significant dilution for existing shareholders through 18.5 million new shares
- Additional potential dilution from 2.775 million share underwriter option
Insights
ARR's 18.5M share offering will dilute existing shareholders while expanding its mortgage-backed securities portfolio.
ARMOUR Residential REIT is conducting a substantial equity raise through an underwritten public offering of 18,500,000 shares of common stock, with underwriters having an option to purchase an additional 2,775,000 shares. This offering represents significant dilution for existing shareholders, though the exact impact depends on the pricing which wasn't disclosed in the announcement.
The company explicitly states the proceeds will be used to acquire additional mortgage-backed securities and other mortgage-related assets, aligning with its core investment strategy. This suggests management sees opportunities in the current market environment to expand their portfolio, possibly to capitalize on attractive spreads or pricing in mortgage securities.
For mortgage REITs like ARMOUR, capital raises through equity offerings are a common method to expand their asset base. While this increases the earnings potential of the company in absolute terms, the dilutive effect means the company must generate sufficient returns on the new capital to maintain per-share metrics. The effectiveness of this capital deployment will ultimately determine whether this offering creates or destroys shareholder value.
Goldman Sachs is leading the offering as sole bookrunner, with BUCKLER Securities as co-manager, indicating institutional support for the transaction. The REIT structure requires ARMOUR to distribute nearly all taxable income to shareholders, meaning new capital can't be retained long-term but must be deployed into income-generating assets to support dividend payments.
VERO BEACH, Florida, Aug. 05, 2025 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced that it is commencing an underwritten public offering of 18,500,000 shares of common stock. ARMOUR expects to grant the underwriters a 30-day option to purchase up to 2,775,000 additional shares of its common stock.
Goldman Sachs & Co. LLC is acting as sole bookrunner for the offering and BUCKLER Securities LLC is acting as co-manager for the offering. The Company intends to use the net proceeds of the offering to acquire additional mortgage-backed securities and other mortgage-related assets in accordance with our objectives and strategies described in our SEC filings.
A registration statement relating to the offered securities has been filed with the Securities and Exchange Commission (the “SEC”) and became effective automatically upon filing. The offering is being made by means of a prospectus supplement and an accompanying base prospectus. Before investing in the offering, prospective investors should read the preliminary prospectus supplement and the accompanying base prospectus which will be filed with the SEC and other documents ARMOUR has filed with the SEC for more complete information about the Company and the offering. These documents are available for free by visiting EDGAR on the SEC website at www.sec.gov. Copies may also be obtained by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, Telephone: (866)471-2526 or via email: prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the Company’s securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.
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. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. Actual dividends are determined at the discretion of the Company’s Board of Directors, which may consider additional factors including the Company’s results of operations, cash flows, financial condition and capital requirements as well as current market conditions, expected opportunities and other relevant factors.
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 or guaranteed by the Government National Mortgage Association. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (“SEC”).
Safe Harbor
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, except as required by law.
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 www.sec.gov, or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations.
Investor Contact:
Gordon M. Harper
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340
FAQ
What is the size of ARMOUR Residential REIT's (ARR) new stock offering in August 2025?
How will ARR use the proceeds from its August 2025 stock offering?
Who are the underwriters for ARMOUR Residential REIT's 2025 stock offering?
How will ARR's 2025 stock offering affect existing shareholders?
What are the tax implications for ARR shareholders?
