Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2022

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

The following table reconciles the fees incurred in accordance with the management agreement for the three months ended March 31, 2022 and March 31, 2021.

	For the Three Months Ended March 31,
	2022		2021
ARMOUR management fees	$	8,125	$	7,428
Less management fees waived	(1,950)		(2,400)
Total management fee expense	$	6,175	$	5,028

The table below summarizes other transactions with BUCKLER for the three months ended March 31, 2022 and for the year ended December 31, 2021.

Transactions with BUCKLER	March 31, 2022		December 31, 2021
Repurchase agreements (1)	$	3,372,837	$	1,963,679
Collateral posted on repurchase agreements	$	3,488,675	$	2,036,385
U.S. Treasury Securities Purchased	$	600,000	$	100,000
U.S. Treasury Securities Sold	$	800,000	$	—

(1)Interest on repurchase agreements was $1,033 and $1,388 for the three months ended March 31, 2022 and March 31, 2021, respectively. See also, Note 6 - Repurchase Agreements for transactions with BUCKLER.