secwatch.observer — SEC 8-K summary
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Issuer:     Armour Residential REIT, Inc. (ARR)
CIK:        0001428205
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001428205-24-000102
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ARMOUR Q1 GAAP EPS $0.24, down from $1.96 Q4; book value falls to $22.07
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- GAAP net income to common was $11.5M ($0.24/sh) vs $96.6M ($1.96/sh) in Q4 2023 due to sharp MBS losses.
- Distributable Earnings to common (non-GAAP) $40.4M ($0.82/sh), down from $52.5M ($1.07/sh) sequentially.
- Book value per common share $22.07, decreased from $22.54 at Dec 31; estimated BV $20.48 as of Apr 23.
- Included $9.0M non-recurring professional fees related to Special Committee internal investigation.
- Common dividends maintained at $0.24/sh monthly; declared $0.24 for May 15 and May 28 pay dates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428205/000142820524000102/0001428205-24-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428205/000142820524000102/arr-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001428205-24-000102

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