Armour Residential REIT (ARR) falls 2.1% AH after filing to sell 22M shares, good for proceeds...
Armour Residential REIT (ARR) falls 2.1% AH after filing to sell 22M shares, good for proceeds of $158.4M based on today's close. Armour, which filed for an 8M share offering in December, plans to use the proceeds from its latest offering to purchase mortgage-backed securities (i.e. agency securities).
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