ARMOUR Residential REIT Prices 7.75M Share Offering at $7.60
ARMOUR Residential REIT, Inc. (NYSE: ARR) announced today that it has priced a public offering of 7,750,000 shares of its common stock at a price of $7.60 per share for gross proceeds of $58,900,000.
The offering is expected to close on or about February 8, 2011. The underwriters have a 45-day option to purchase a maximum of 1,162,500 additional shares to cover over-allotments, if any.
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