ARMOUR Residential REIT, Inc. Announces Pricing of Public Offering of 18,500,000 Shares of Common Stock
ARMOUR Residential REIT (NYSE: ARR) has announced the pricing of a significant public offering of 18.5 million shares of common stock, expected to generate gross proceeds of approximately $302.5 million. The offering includes a 30-day option for underwriters to purchase up to 2.775 million additional shares, which could increase total proceeds to $347.8 million.
Goldman Sachs & Co. LLC serves as the sole bookrunner, with BUCKLER Securities LLC as co-manager. The offering is expected to close around August 7, 2025. The company plans to use the net proceeds to acquire additional mortgage-backed securities and mortgage-related assets aligned with its investment strategy.
ARMOUR Residential REIT (NYSE: ARR) ha annunciato il prezzo di un'importante offerta pubblica di 18,5 milioni di azioni ordinarie, che dovrebbe generare proventi lordi pari a circa 302,5 milioni di dollari. L'offerta include un'opzione di 30 giorni per gli underwriter di acquistare fino a 2,775 milioni di azioni aggiuntive, che potrebbe portare i proventi totali a 347,8 milioni di dollari.
Goldman Sachs & Co. LLC 猫 l'unico bookrunner, mentre BUCKLER Securities LLC 猫 co-manager. La chiusura dell'offerta 猫 prevista intorno al 7 agosto 2025. La societ脿 intende utilizzare i proventi netti per acquisire ulteriori titoli garantiti da mutui e attivit脿 correlate ai mutui in linea con la propria strategia di investimento.
ARMOUR Residential REIT (NYSE: ARR) ha anunciado el precio de una importante oferta p煤blica de 18,5 millones de acciones ordinarias, que se espera genere ingresos brutos aproximados de 302,5 millones de d贸lares. La oferta incluye una opci贸n de 30 d铆as para que los suscriptores compren hasta 2,775 millones de acciones adicionales, lo que podr铆a aumentar los ingresos totales a 347,8 millones de d贸lares.
Goldman Sachs & Co. LLC act煤a como 煤nico bookrunner, con BUCKLER Securities LLC como co-gerente. Se espera que la oferta cierre alrededor del 7 de agosto de 2025. La compa帽铆a planea usar los ingresos netos para adquirir m谩s valores respaldados por hipotecas y activos relacionados con hipotecas alineados con su estrategia de inversi贸n.
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ARMOUR Residential REIT (NYSE : ARR) a annonc茅 le prix d'une importante offre publique de 18,5 millions d'actions ordinaires, qui devrait g茅n茅rer un produit brut d'environ 302,5 millions de dollars. L'offre comprend une option de 30 jours permettant aux souscripteurs d'acheter jusqu'脿 2,775 millions d'actions suppl茅mentaires, ce qui pourrait porter le produit total 脿 347,8 millions de dollars.
Goldman Sachs & Co. LLC agit en tant que teneur de livre unique, avec BUCKLER Securities LLC en tant que co-gestionnaire. La cl么ture de l'offre est pr茅vue aux alentours du 7 ao没t 2025. La soci茅t茅 pr茅voit d'utiliser le produit net pour acqu茅rir des titres adoss茅s 脿 des hypoth猫ques et des actifs li茅s aux hypoth猫ques suppl茅mentaires, conform茅ment 脿 sa strat茅gie d'investissement.
ARMOUR Residential REIT (NYSE: ARR) hat die Preisfestsetzung f眉r ein bedeutendes 枚ffentliches Angebot von 18,5 Millionen Stammaktien bekanntgegeben, das voraussichtlich Bruttoerl枚se von etwa 302,5 Millionen US-Dollar generieren wird. Das Angebot beinhaltet eine 30-t盲gige Option f眉r die Underwriter, bis zu 2,775 Millionen zus盲tzliche Aktien zu erwerben, wodurch die Gesamterl枚se auf 347,8 Millionen US-Dollar steigen k枚nnten.
Goldman Sachs & Co. LLC fungiert als alleiniger Bookrunner, BUCKLER Securities LLC als Co-Manager. Der Abschluss des Angebots wird f眉r etwa 7. August 2025 erwartet. Das Unternehmen plant, die Nettoerl枚se zum Erwerb zus盲tzlicher hypothekenbesicherter Wertpapiere und hypothekenbezogener Verm枚genswerte, die mit seiner Anlagestrategie 眉bereinstimmen, zu verwenden.
- Expected gross proceeds of $302.5 million with potential increase to $347.8 million if overallotment option exercised
- Strategic expansion of investment portfolio through acquisition of additional mortgage-backed securities
- Strong institutional backing with Goldman Sachs as sole bookrunner
- Significant dilution for existing shareholders due to 18.5 million new shares being issued
- Potential additional dilution if 2.775 million share overallotment option is exercised
Insights
ARR is raising $302M through a significant equity offering that will dilute existing shareholders but expand its mortgage-backed securities portfolio.
ARMOUR Residential REIT has priced a 18.5 million share common stock offering expected to raise approximately
This equity raise represents a substantial capital infusion for ARMOUR, whose primary business model involves leveraging shareholder capital to invest in mortgage securities and generate income. The offering will meaningfully increase the company's ability to acquire additional assets, potentially boosting future dividend-generating capacity.
However, this offering will also cause significant dilution for existing shareholders. As a REIT, ARMOUR must distribute at least
The pricing information suggests each share is being offered at approximately
For mortgage REITs like ARMOUR, the ability to raise capital efficiently is crucial to their business model, as it allows them to expand their asset base and potentially enhance returns. However, the ultimate success of this offering will depend on management's ability to deploy this capital effectively in the current interest rate environment.
VERO BEACH, Florida, Aug. 06, 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 priced 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 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 . 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 many shares is ARMOUR Residential REIT (ARR) offering in its public offering?
What are the expected proceeds from ARR's public offering?
How will ARMOUR Residential REIT use the proceeds from its 2025 stock offering?
When is the ARR stock offering expected to close?
Who are the underwriters for ARMOUR Residential REIT's 2025 stock offering?
