Armour Residential REIT, Inc. Announces Pricing of Public Offering of 40,000,000 Shares of Common Stock

ARMOUR Residential REIT, Inc.

announced today that it has priced an underwritten public offering of 40,000,000 shares of common stock. ARMOUR has granted the underwriters a 30-day option to purchase up to 6,000,000 additional shares of common stock. The underwriters are offering the shares in one or more transactions in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. The offering is expected to close on July 13, 2012.