secwatch.observer — SEC 8-K summary
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Issuer:     Armour Residential REIT, Inc. (ARR)
CIK:        0001428205
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001428205-24-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ARMOUR Q4 net income $96.6M, book value $22.54; dividend cut to $0.24/month
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- Net income attributable to common: $96.6M ($1.96 diluted EPS); vs Q3 loss of $182.2M (-$3.92 EPS).
- Distributable earnings available to common $52.4M ($1.07 per share).
- Book value per share rose to $22.54 from $21.73 at Sept 30; est. $21.81 as of Feb 12, 2024.
- Liquidity $657M; debt/equity 7.6x; interest rate swaps cover 68% of repo notional ($6.8B).
- Dividend cut to $0.24/month in Q1 2024 from $0.40/month in Q4 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428205/000142820524000016/0001428205-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428205/000142820524000016/arr-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001428205-24-000016

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