OREANDA-NEWS. ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) (“ARMOUR” or the “Company”) today confirmed the October 2016 cash dividend rate for the Company’s Common Stock and the Q4 2016 monthly cash dividend rates for the Company’s Series A and Series B Preferred Stock.

October 2016 Common Stock Dividend Information

Month      Dividend       Holder of Record Date       Payment Date  
 October 2016    $ 0.22     October 14, 2016    October 27, 2016 

Q4 2016 Series A Preferred Stock Dividend Information

Month   Dividend   Holder of Record Date   Payment Date
October 2016   $ 0.171875     October 15, 2016   October 27, 2016
 November 2016    $ 0.171875     November 15, 2016    November 28, 2016 
 December 2016    $ 0.171875     December 15, 2016    December 27, 2016 

Q4 2016 Series B Preferred Stock Dividend Information

Month   Dividend   Holder of Record Date   Payment Date
October 2016   $ 0.1640625     October 15, 2016   October 27, 2016
 November 2016    $ 0.1640625     November 15, 2016   November 28, 2016 
 December 2016    $ 0.1640625     December 15, 2016   December 27, 2016

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. Accordingly, ARMOUR may increase the amount of one or more announced dividends before the applicable record date or may declare supplemental dividends, if necessary, to meet this tax requirement. Dividends paid in excess of REIT taxable income for a fiscal year (including any taxable income carried forward from the previous year) will generally not be taxable to stockholders.

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. In addition, ARMOUR invests in other securities backed by residential mortgages for which the payment of principal and interest is not guaranteed by a GSE or government agency. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (“SEC”).