ARMOUR Residential REIT, Inc. Announces Closing of Public Offering of 18,500,000 Shares of Common Stock
ARMOUR Residential REIT (NYSE: ARR) has successfully closed a public offering of 18.5 million shares of common stock, generating gross proceeds of approximately $302.5 million. The company has granted underwriters a 30-day option to purchase up to 2.775 million additional shares, which could increase total proceeds to $347.8 million if fully exercised.
Goldman Sachs & Co. LLC serves as the sole bookrunner, with BUCKLER Securities LLC as co-manager. The net proceeds will be used to acquire additional mortgage-backed securities and mortgage-related assets. The offering was made through a prospectus supplement and base prospectus, with settlement completed on August 7, 2025.
ARMOUR Residential REIT (NYSE: ARR) ha concluso con successo un'offerta pubblica di 18,5 milioni di azioni ordinarie, raccogliendo proventi lordi di circa 302,5 milioni di dollari. L'azienda ha concesso agli underwriter un'opzione di 30 giorni per acquistare fino a 2,775 milioni di azioni aggiuntive, che potrebbe portare i proventi totali a 347,8 milioni di dollari se completamente esercitata.
Goldman Sachs & Co. LLC 猫 il bookrunner esclusivo, con BUCKLER Securities LLC come co-manager. I proventi netti saranno utilizzati per l'acquisto di ulteriori titoli garantiti da ipoteca e attivit脿 correlate ai mutui. L'offerta 猫 stata effettuata tramite un supplemento al prospetto e un prospetto base, con regolamento completato il 7 agosto 2025.
ARMOUR Residential REIT (NYSE: ARR) ha cerrado con 茅xito una oferta p煤blica de 18,5 millones de acciones ordinarias, generando ingresos brutos de aproximadamente 302,5 millones de d贸lares. La compa帽铆a ha otorgado a los suscriptores una opci贸n de 30 d铆as para comprar hasta 2,775 millones de acciones adicionales, lo que podr铆a aumentar los ingresos totales a 347,8 millones de d贸lares si se ejerce completamente.
Goldman Sachs & Co. LLC act煤a como 煤nico colocador, con BUCKLER Securities LLC como co-gerente. Los ingresos netos se utilizar谩n para adquirir valores respaldados por hipotecas y activos relacionados con hipotecas adicionales. La oferta se realiz贸 mediante un suplemento al prospecto y un prospecto base, con liquidaci贸n completada el 7 de agosto de 2025.
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ARMOUR Residential REIT (NYSE: ARR) a cl么tur茅 avec succ猫s une offre publique de 18,5 millions d'actions ordinaires, g茅n茅rant un produit brut d'environ 302,5 millions de dollars. La soci茅t茅 a accord茅 aux souscripteurs une option de 30 jours pour acheter jusqu'脿 2,775 millions d'actions suppl茅mentaires, ce qui pourrait porter le produit total 脿 347,8 millions de dollars en cas d'exercice complet.
Goldman Sachs & Co. LLC agit en tant que chef de file unique, avec BUCKLER Securities LLC comme co-gestionnaire. Le produit net sera utilis茅 pour acqu茅rir des titres adoss茅s 脿 des hypoth猫ques suppl茅mentaires et des actifs li茅s aux pr锚ts hypoth茅caires. L'offre a 茅t茅 r茅alis茅e par le biais d'un suppl茅ment au prospectus et d'un prospectus de base, le r猫glement ayant 茅t茅 finalis茅 le 7 ao没t 2025.
ARMOUR Residential REIT (NYSE: ARR) hat erfolgreich ein 枚ffentliches Angebot von 18,5 Millionen Stammaktien abgeschlossen und dabei Bruttoerl枚se von etwa 302,5 Millionen US-Dollar erzielt. Das Unternehmen hat den Underwritern eine 30-t盲gige Option einger盲umt, bis zu 2,775 Millionen zus盲tzliche Aktien zu kaufen, was die Gesamterl枚se bei vollst盲ndiger Aus眉bung auf 347,8 Millionen US-Dollar erh枚hen k枚nnte.
Goldman Sachs & Co. LLC fungiert als alleiniger Bookrunner, BUCKLER Securities LLC als Co-Manager. Die Nettoerl枚se werden zum Erwerb weiterer hypothekenbesicherter Wertpapiere und hypothekenbezogener Verm枚genswerte verwendet. Das Angebot erfolgte 眉ber einen Prospekterg盲nzungs- und Basisprospekt, die Abwicklung wurde am 7. August 2025 abgeschlossen.
- Successful raise of $302.5 million in gross proceeds through stock offering
- Potential for additional $45.4 million if underwriters exercise their option
- Strategic expansion of mortgage-backed securities portfolio
- Significant shareholder dilution from 18.5 million new shares
- Potential further dilution if additional 2.775 million shares option is exercised
Insights
ARR raises $302.5M through stock offering to expand mortgage-backed securities portfolio, signaling confidence but diluting existing shareholders.
ARMOUR Residential REIT has successfully closed a substantial equity raise of
The company has explicitly stated that the proceeds will be used to acquire additional mortgage-backed securities and other mortgage-related assets, aligning with their core investment strategy. For REITs like ARMOUR, this type of transaction accomplishes two critical objectives: it provides fresh capital to expand the investment portfolio and potentially increase future dividend-generating capacity.
However, this offering comes with important implications for existing shareholders. The issuance of 18.5 million new shares will cause meaningful dilution to current investors, as their ownership percentage decreases. The key question becomes whether the new assets purchased will generate sufficient returns to offset this dilution. In the REIT sector, successful execution depends on deploying capital at spreads wide enough to maintain or enhance per-share metrics.
The timing of this capital raise suggests management sees attractive investment opportunities in the current mortgage market. By increasing its capital base, ARMOUR can potentially benefit from economies of scale, diversify its portfolio further, and potentially enhance its competitive position in the mortgage REIT space. The involvement of Goldman Sachs as the lead underwriter lends credibility to the offering, though investors should watch closely how effectively management deploys this new capital.
VERO BEACH, Florida, Aug. 07, 2025 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (鈥淎RMOUR鈥� or the 鈥淐ompany鈥�) today announced that it has closed an underwritten public offering of 18,500,000 shares of its common stock for total estimated gross proceeds of approximately
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 鈥淪EC鈥�) 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 final prospectus supplement and the accompanying base prospectus 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: [email protected].
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鈥檚 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 (鈥淩EIT鈥�) 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鈥檚 Board of Directors, which may consider additional factors including the Company鈥檚 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 (鈥淪EC鈥�).
Safe Harbor
This press release includes 鈥渇orward-looking statements鈥� 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 鈥渆xpect,鈥� 鈥渆stimate,鈥� 鈥減roject,鈥� 鈥渂udget,鈥� 鈥渇orecast,鈥� 鈥渁nticipate,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渃ould,鈥� 鈥渟hould,鈥� 鈥渂elieves,鈥� 鈥減redicts,鈥� 鈥減otential,鈥� 鈥渃ontinue,鈥� 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鈥檚 internet site at , or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations.
Investor Contact:听听听听听听听听
Gordon M. Harper
Chief Financial Officer
ARMOUR Residential REIT, Inc.
(772) 617-4340
FAQ
How much did ARMOUR Residential REIT (ARR) raise in its August 2025 stock offering?
How many shares did ARR offer in its August 2025 public offering?
What will ARMOUR Residential REIT use the proceeds for?
Who are the underwriters for ARR's August 2025 stock offering?
How does ARMOUR's REIT status affect dividend distributions?
