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Armour Residential REIT, Inc. (NYSE:ARR) announced Monday that it has amended its equity sales agreement to increase the number of common shares available for sale by 9,500,000. The update, disclosed in a press release statement and detailed in a filing with the Securities and Exchange Commission, brings the total number of shares that may be issued and sold under the amended agreement to 17,732,711.
The company’s at-the-market (ATM) offering program allows shares to be sold from time to time through a group of sales agents, including BUCKLER Securities LLC, B. Riley Securities, Inc., Citizens JMP Securities LLC, JonesTrading Institutional Services LLC, Ladenburg Thalmann & Co. Inc., StockBlock Securities LLC, BTIG, LLC, and Janney Montgomery Scott LLC. The amendment, referred to as the Sixth Sales Agreement Amendment, was executed on Friday.
According to the filing, the additional 9,500,000 shares are in addition to the 8,232,711 shares that remained unsold under previous amendments to the sales agreement. The offering is being made pursuant to a prospectus supplement filed with the SEC on Friday, under Armour’s effective shelf registration statement.
The company also provided an updated summary of material U.S. federal income tax considerations related to its status as a real estate investment trust and the ownership and disposition of its capital stock. This summary is incorporated into its registration statement and related prospectus materials.
Armour Residential REIT, Inc. is headquartered in Vero Beach, Florida, and its common stock and 7.00% Series C Cumulative Redeemable Preferred Stock (NYSE:ARR-PRC) are listed on the New York Stock Exchange. The information in this article is based on a press release statement and the company’s Form 8-K filed with the Securities and Exchange Commission.
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