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ARMOUR Residential REIT, 8.250% Series A Cumulative Redeemable Preferred Stock
Ticker Symbol: ARR-A* CUSIP: 042315309 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/26/2019
Security has been Called for: Friday, July 26, 2019
June 24, 2019 -- ARMOUR Residential REIT, Inc. announced today that it intends to redeem all 2,180,572 issued and outstanding shares of its 8.25% Series A Cumulative Redeemable Preferred Stock (NYSE: ARR PrA, CUSIP 042315309 on July 26, 2019, at a price of $25.00 per share. Written notice of the redemption will be mailed on or about June 25, 2019, to holders of record as of June 14, 2019. Pursuant to the terms of the Series A Preferred, Series A Preferred holders of record on July 15, 2019, will be entitled to receive the full monthly dividend for July, which will be the final dividend and will be paid in the regular course of business on July 29, 2019. The office of the registrar, transfer agent, redemption agent and disbursing agent for the Series A Preferred is as follows: Continental Stock Transfer & Trust Company, One State Street, 30th Floor, New York, NY 10004, Attn: Reorg. Department. For questions regarding the redemption notice, please contact Continental Stock Transfer & Trust Company by telephone at 800-509-5586.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: ARMOUR Residential REIT, 8.250% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 6/7/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.25% per annum ($2.0625 per annum or $0.171875 per month) will be paid monthly on 27th of each month to holders of record on the record date that will be the 15th day of the month in which the payment is due (NOTE: the ex-dividend date is one business day prior to the record date). Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will not have the following conversion right. Upon the occurrence of a change of control, and the company has not provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (ARR)
IPO - 5/31/2012 -
Link to IPO Prospectus
Previous Ticker Symbol: ARROP Changed: 6/08/2012
Market Value $50.8 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 3001 Ocean Drive, Suite 201, Vero Beach, FL 32963 |
| Main Phone Number |
772-617-4340 |
| Fax Number |
Not Available |
| Investor Contact (CFO)
James R. Mountain
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772-617-4340
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| CEO - Scott J. Ulm |
CEO - Jeffrey J. Zimmer |
CFO - James R. Mountain |
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