secwatch.observer — SEC 8-K summary
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Issuer:     Armour Residential REIT, Inc. (ARR)
CIK:        0001428205
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001428205-23-000187
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ARR Q3 net loss $182.2M ($3.92/sh); book value drops to $21.73 from $26.90
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- Net loss attributable to common stockholders of $182.2M, or $3.92 per share; distributable earnings (non-GAAP) $50.2M ($1.08/sh).
- Book value per common share fell 19% to $21.73 from $26.90 at June 30, driven by $474.8M loss on MBS.
- Debt-to-equity ratio of 9.3:1; implied leverage including TBAs of 8.9:1.
- Board authorized repurchase of up to 2.5M common shares effective Oct 30; monthly dividend maintained at $0.40/sh.
- Estimated book value as of Oct 24 further declined to ~$17.95/sh; liquidity $354M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428205/000142820523000187/0001428205-23-000187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428205/000142820523000187/arr-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001428205-23-000187

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