References to �we,� �us,� �our,� "ARMOUR" or the �Company� are to ARMOUR
Residential REIT, Inc. References to "ARRM" are to ARMOUR Residential Management
LLC, a Delaware limited liability company. References to �Enterprise� are to
Enterprise Acquisition Corp., which was a wholly-owned subsidiary of ARMOUR
dissolved in December 2013.
We are a Maryland corporation formed to invest in and manage a leveraged
portfolio of residential mortgage backed securities (�MBS�). The securities we
invest in are issued or guaranteed by a United States (�U.S.�)
Government-sponsored entity (�GSE�), such as the Federal National Mortgage
Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie
Mac), or guaranteed by the Government National Mortgage Administration (Ginnie
Mae) (collectively, �Agency Securities�). Our securities portfolio consists
primarily of Agency Securities backed by fixed rate home loans.