Armour Residential REIT to Redeem Series C Preferred Stock
Ticker: ARR-PC · Form: 8-K · Filed: Jan 17, 2025 · CIK: 1428205
| Field | Detail |
|---|---|
| Company | Armour Residential Reit, Inc. (ARR-PC) |
| Form Type | 8-K |
| Filed Date | Jan 17, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-stock, redemption, financing
TL;DR
Armour REIT is calling back all its Series C preferred stock for $25/share + dividends, effective Feb 18.
AI Summary
Armour Residential REIT, Inc. announced on January 17, 2025, that it has entered into an agreement to redeem all of its outstanding Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The redemption price is set at $25.00 per share, plus any accrued and unpaid dividends. This action is expected to be completed on February 18, 2025.
Why It Matters
This redemption will simplify Armour's capital structure and potentially reduce its interest expense, which could positively impact its earnings per share.
Risk Assessment
Risk Level: low — The filing is a straightforward announcement of a planned redemption of preferred stock, with clear terms and a future effective date.
Key Numbers
- $25.00 — Redemption Price (Per share for Series C Preferred Stock)
- February 18, 2025 — Redemption Date (Expected completion date for the redemption)
Key Players & Entities
- Armour Residential REIT, Inc. (company) — Registrant
- Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (company) — Stock being redeemed
- $25.00 (dollar_amount) — Redemption price per share
- February 18, 2025 (date) — Redemption completion date
- January 17, 2025 (date) — Report date
FAQ
What is the total amount Armour Residential REIT expects to pay for the redemption?
The filing does not specify the total number of outstanding Series C shares, so the total redemption amount cannot be calculated from this document alone.
What is the reason for redeeming the Series C Preferred Stock?
The filing states the company is redeeming the stock but does not provide a specific reason beyond the action itself.
Will there be any accrued dividends paid with the redemption?
Yes, the redemption price includes any accrued and unpaid dividends in addition to the $25.00 per share.
What is the ticker symbol for Armour Residential REIT?
The ticker symbol is not explicitly mentioned in this 8-K filing.
Does this redemption affect the common stock?
This filing specifically addresses the redemption of Series C Preferred Stock and does not mention any direct impact on the common stock.
Filing Stats: 491 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2025-01-17 16:17:20
Key Financial Figures
- $0.001 — New York Stock Exchange Common Stock, $0.001 par value ARR New York Stock Exchange
Filing Documents
- arr-20250117.htm (8-K) — 26KB
- january2025companyupdate.htm (EX-99.1) — 63KB
- chart-1586a4e73bcd44b7b70.jpg (GRAPHIC) — 47KB
- chart-3fc1fe62fdb84e029e5.jpg (GRAPHIC) — 46KB
- 0001428205-25-000011.txt ( ) — 387KB
- arr-20250117.xsd (EX-101.SCH) — 4KB
- arr-20250117_def.xml (EX-101.DEF) — 15KB
- arr-20250117_lab.xml (EX-101.LAB) — 27KB
- arr-20250117_pre.xml (EX-101.PRE) — 16KB
- arr-20250117_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On January 17, 2025 , ARMOUR Residential REIT, Inc. ("ARMOUR") produced for distribution a presentation, which contains updates on ARMOUR's financial position, business and operations. Attached as Exhibit 99.1 to this report is the presentation produced by ARMOUR. The presentation attached to this report as Exhibit 99.1 is furnished pursuant to this Item 7.01 and shall not be deemed filed in this or any other filing of ARMOUR under the Securities Exchange Act of 1934, as amended, unless expressly incorporated by specific reference in any such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Presentation dated January 17, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 17, 2025 ARMOUR RESIDENTIAL REIT, INC. By: /s/ Gordon M. Harper Name: Gordon M. Harper Title: Chief Financial Officer