The Law Offices of Frank R. Cruz Announces Investigation of ARMOUR Residential REIT, Inc. (ARR) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of ARMOUR Residential REIT, Inc. (“ARMOUR” or the “Company”) (NYSE: ARR) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On March 1, 2024, ARMOUR disclosed that it had commenced an internal investigation to review internal issues related to “the appropriateness of reporting Distributable Earnings and Net Interest Margin” in earnings releases and “the methods of calculating such measures”, “the Company’s considerations with respect to reviewing and evaluating its external manager”, and “certain of the internal controls over financial reporting and disclosure controls and procedures of the Company.”

Then, on March 13, 2024, ARMOUR announced that its Chief Financial Officer had been “removed.”

On this news, ARMOUR’s stock price fell $0.87, or 4.4%, to close at $18.72 per share on March 14, 2024, thereby injuring investors.

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If you purchased ARMOUR securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to [e-mail], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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