ARMOUR Residential (ARR) takes advantage of a recent move higher in its stock price, launching a...

|About: ARMOUR Residential REIT,... (ARR)|By:, SA News Editor

ARMOUR Residential (ARR) takes advantage of a recent move higher in its stock price, launching a secondary offering of 40M shares, with an option for underwriters to purchase another 6M. The company should raise about $300M with which to buy more MBS. Shares -2.3% AH. (PR)