VERO BEACH, Fla., Feb. 7, 2013 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE:ARR and ARR PrA) (NYSE MKT: ARR.WS) ("ARMOUR" or the "Company") announced today that it is commencing an underwritten public offering of its Series B Cumulative Redeemable Preferred Stock. ARMOUR expects to grant the underwriters a 30-day option to purchase additional shares to cover overallotments, if any. The Company has applied to list the Series B Preferred Stock on the New York Stock Exchange under the symbol "ARR PrB." Citigroup Global Markets Inc., UBS Securities LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers of the offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, MLV & Co. LLC, JMP Securities LLC, Ladenburg Thalmann & Co. Inc., Maxim Group LLC and National Securities Corporation are acting as co-managers. The Company intends to use the net proceeds of the offering to acquire additional agency securities as market conditions warrant and for general corporate purposes. A registration statement relating to the offered securities has been filed with the Securities and Exchange Commission and became effective automatically upon filing. The offering is being made only by means of a preliminary prospectus supplement and accompanying base prospectus, copies of which may be obtained by contacting: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146, or by emailing email@example.com; UBS Securities LLC, Attn: Prospectus Dept., 299 Park Avenue, New York, NY 10171, Toll-Free number: (877) 827-6444, ext. 561-3884; or Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling (800) 503-4611, or by emailing firstname.lastname@example.org. 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's securities in any state or 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 jurisdiction.