ARMOUR Residential REIT, Inc. reports news centered on its mortgage REIT portfolio, which is focused on Agency mortgage-backed securities and related interest-rate risk management. Company updates commonly cover net interest income, distributable earnings, book value, economic return, MBS pricing, funding costs, derivatives and liquidity.
Recurring announcements also address common stock dividends, Series C preferred stock dividends, REIT tax distribution matters, at-the-market equity issuance, share repurchases and quarterly operating-result webcasts. Coverage reflects how ARMOUR manages a leveraged residential MBS portfolio through changing spreads, interest rates and capital-market conditions.
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Terran Orbital Corporation (NYSE: LLAP) announced that its Co-Founder and CEO, Marc Bell, has been recognized in the South Florida Business Journal’s 2023 Power Leaders 250 List. Bell is a five-time unicorn founder and previously took a SPAC public, acquiring Armour Residential REIT (NYSE: ARR). Under his leadership, Terran Orbital secured a significant $2.4 billion contract to produce 288 low-earth orbit satellites for Rivada Space Networks, marking the largest small satellite production contract to date. Additionally, a $100 million investment from Lockheed Martin and a new Strategic Cooperation Agreement were established, enhancing partnership opportunities.