GlobeNewswire Inc | Oct 1, 2020 04:15PM EDT

October 01, 2020

VERO BEACH, Florida, Oct. 01, 2020 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (ARMOUR or the Company) today confirmed the October 2020 cash dividend for the Company's Common Stock and the Q4 2020 monthly cash dividend rate for the Company's Series C Preferred Stock.

October 2020 Common Stock Dividend Information

Month Dividend Holder of Record Date Payment DateOctober 2020 $0.10 October 15, 2020 October 29, 2020

Q4 2020 Series C Preferred Stock Dividend Information

Month Dividend Holder of Record Date Payment DateOctober 2020 $0.14583 October 15, 2020 October 27, 2020November 2020 $0.14583 November 15, 2020 November 27, 2020December 2020 $0.14583 December 15, 2020 December 28, 2020

Certain Tax Matters

ARMOUR has elected to be taxed as a real estate investment trust (REIT) for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. Actual dividends are determined at the discretion of the Companys Board of directors, who may consider additional factors including the Companys results of operations, cash flows, financial condition, capital requirements as well as current market conditions, expected opportunities and other relevant factors.

About ARMOUR Residential REIT, Inc.

ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises (GSEs) or guaranteed by the Government National Mortgage Association. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (SEC).

Safe Harbor

This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as expect, estimate, project, budget, forecast, anticipate, intend, plan, may, will, could, should, believes, predicts, potential, continue, and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. The Company disclaims any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Additional Information and Where to Find It

Investors, security holders and other interested persons may find additional information regarding the Company at the SECs internet site at www.sec.gov, or the Company website at www.armourreit.com, or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations.

Investor Contact:

James R. MountainChief Financial OfficerARMOUR Residential REIT, Inc.(772) 617-4340