Subsequent Events

12 Months Ended

Dec. 31, 2021

Subsequent Events [Abstract]

Subsequent Events

Note 16 - Subsequent Events

Except as set forth below, no subsequent events were identified through the date of issuance.

Between January 1, 2022 and February 15, 2022, ARMOUR reduced its aggregate portfolio of MBS, including TBA Agency Securities, by approximately $2,900,000 and increased its U.S. Treasury Securities holdings by approximately $1,600,000.

Series C Preferred Stock

On January 27, 2022, a cash dividend of $0.14583 per outstanding share of Series C Preferred Stock, or $998 in the aggregate, was paid to holders of record on January 15, 2022. We have also declared cash dividends of $0.14583 payable February 28, 2022 and March 28, 2022 to holders of record on February 15, 2022 and March 15, 2022, respectively.

Common Stock

Between January 11, 2022 and January 19, 2022, we issued 1,853 shares under our 2021 Common stock ATM Sales Agreement for proceeds of $18,261, net of issuance costs and commissions of $195.

On January 28, 2022, a cash dividend of $0.10 per outstanding common share, or $9,654 in the aggregate, was paid to holders of record on January 18, 2022. We have also declared cash dividends of $0.10 per outstanding common share payable February 28, 2022 to holders of record on February 15, 2022 and payable March 28, 2022 to holders of record on March 15, 2022.