Armour Residential to tender for all $54.51 million 8.25% preferreds

By Rebecca Melvin

New York, June 24 – Armour Residential REIT Inc. plans to redeem all of its 8.25% series A cumulative redeemable preferred stock, or 2,180,572 shares, on July 26, at a price of $25.00 per share.

Shareholders as of June 14 are eligible to redeem their shares. Shareholders of record on July 15 will be entitled to receive the full monthly dividend for July, which will be the final dividend, which will be paid in the regular course of business on July 29.

The stock trades under the symbol “ARRPrA.”

Continental Stock Transfer & Trust Co. of New York (800 509-5586) is the redemption agent.

Armour is a Vero Beach, Fla.-based real estate investment trust that invests in residential mortgage-backed securities.

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