ARR

ARMOUR Residential REIT, Inc. (NYSE:ARR) is a specialized real estate investment trust that focuses exclusively on investing in residential mortgage-backed securities. Founded in 2008 and headquartered in Vero Beach, Florida, the company went public in December 2007. ARMOUR operates as a mortgage REIT, which means it generates income by investing in mortgage-related securities rather than owning physical real estate properties. The company has elected to be taxed as a REIT under the Internal Revenue Code, allowing it to avoid corporate income taxes on distributed earnings while requiring it to distribute at least 90% of its taxable income to shareholders as dividends.