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8-K - Armour Residential REIT, Inc.i11134.htm
EX-99.1 - Armour Residential REIT, Inc.exh99_1.htm

Exhibit 99.2

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ARMOUR Residential REIT, Inc. Reports 19.75%

Annualized Dividend Rate for Q4 2010 of $0.36 and

Announces a Q1 2011 Monthly Dividend Rate of $0.12 per Month


December 10, 2010


ARMOUR Residential REIT, Inc. (NYSE Amex: "ARR" and "ARR.WS") (“ARMOUR” or the “Company”) today reported a 19.75% annualized dividend rate for the fourth fiscal quarter 2010, based on its reported book value as of September 30, 2010, and announced that its Board of Directors has declared a $0.36 dividend payable to shareholders of record on Monday, December 20, 2010. The dividend will be paid on Monday, December 27, 2010.


The Company’s Board of Directors also announced that a monthly dividend rate of $0.12 will be payable for each of the three months in the first fiscal quarter of 2011 as set forth below:


Record Date

 

Payment Date

January 15, 2011

 

January 28, 2011

February 15, 2011

 

February 25, 2011

March 15, 2011

 

March 30, 2011


ARMOUR Residential REIT, Inc.

ARMOUR is a Maryland corporation that invests primarily in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage-backed securities, or RMBS, issued or guaranteed by U.S. Government-chartered entities.    ARMOUR is externally managed and advised by ARMOUR RESIDENTIAL MANAGEMENT LLC (“ARRM”).  ARMOUR Residential REIT, Inc. intends to qualify to be taxed as a real estate investment trust ("REIT") for U.S. federal income tax purposes, commencing with ARMOUR's taxable year ending December 31, 2009.


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.


Additional information concerning these and other risk factors is contained in the Company's most recent filings with the Securities and Exchange Commission ("SEC").  All subsequent written and oral forward-looking statements concerning the Company are expressly qualified in their entirety by the cautionary statements above.  The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made.  The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their 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 www.armourreit.com or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite #201, Vero Beach, Florida 32963, Attention: Investor Relations.


Investor Contact:

Jeffrey Zimmer

Co-Chief Executive Officer, President and Vice Chairman

ARMOUR Residential REIT, Inc.

(772) 617-4340