VERO BEACH, Fla., Jan. 21, 2011 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE Amex:ARR) (NYSE Amex:ARR.WS) ("ARMOUR" or the "Company") announced today that it has priced a public offering of 6,000,000 shares of its common stock at a price of $7.55per share for gross proceeds of $45,300,000. The offering is expected to close on or about January 26, 2011. The underwriters have a 45-day option to purchase a maximum of 900,000 additional shares to cover over-allotments, if any.
ARMOUR Residential REIT, Inc. Announces Pricing Of Public Offering Of 6,000,000 Shares Of Common Stock
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