Desmond E. Macauley Joins ARMOUR Residential Management LLC as Director of
VERO BEACH, Fla., April 2, 2013 (GLOBE NEWSWIRE) -- ARMOUR Residential
Management LLC ("ARRM"), manager of ARMOUR Residential REIT, Inc. (NYSE: ARR,
ARR PrA and ARR PrB) (NYSE MKT: ARR.WS) ("ARMOUR") and JAVELIN Mortgage
Investment Corp. (NYSE:JMI) ("JAVELIN"), is expanding its strategic expertise
in securitized residential mortgage finance and today announced the
appointment of Desmond E. Macauley, age 44, as the Director of Mortgage
Prior to joining ARRM's management, Mr. Macauley was Managing Director in the
MBS Strategy group of RBS Greenwich Capital ("RBS"). In that capacity, he
published numerous articles and assessed investment strategies, prepayments
and credit performance in the residential MBS sector for clients of the firm.
Mr. Macauley has been cited among the top analysts in Structured MBS
Securities by the U.S. Institutional Investor survey. Prior to working at RBS,
Mr. Macauley was a vice president in the MBS Research group at Merrill Lynch.
Mr. Macauley received his M.B.A. in Finance from the Wharton School of
Business at the University of Pennsylvania. He also holds an M.S. degree in
Electrical Engineering from the Georgia Institute of Technology and a B.S.
magna cum laude in Electrical Engineering from the New Jersey Institute of
Technology. He is a Chartered Financial Analyst (CFA), a Financial Risk
Manager (FRM) and a Chartered Market Technician (CMT).
About ARMOUR Residential Management LLC
ARRM is an investment advisor registered with the Securities and Exchange
About ARMOUR Residential REIT, Inc.
ARMOUR is a Maryland corporation that invests primarily in hybrid adjustable
rate, adjustable rate and fixed rate residential mortgage-backed securities
issued or guaranteed by U.S. Government-sponsored entities. ARMOUR is
externally managed and advised by ARRM. ARMOUR Residential REIT, Inc. has
elected to be taxed as a real estate investment trust for U.S. Federal income
tax purposes, commencing with ARMOUR's taxable year ended December 31, 2009.
About JAVELIN Mortgage Investment Corp.
JAVELIN is a Maryland corporation that invests primarily in hybrid adjustable
rate, adjustable rate and fixed rate Agency and non-Agency residential
mortgage-backed securities. JAVELIN is externally managed and advised by ARRM.
JAVELIN Mortgage Investment Corp. will elect to be taxed as a real estate
investment trust for U.S. Federal income tax purposes, commencing with
JAVELIN's taxable year ended December 31, 2012.
This press release includes "forward-looking statements" within the meaning of
the safe harbor provisions of the United States Private Securities Litigation
Reform Act of 1995. Actual results may differ from expectations, estimates and
projections and, consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate," "intend," "plan,"
"may," "will," "could," "should," "believes," "predicts," "potential,"
"continue," and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements involve
significant risks and uncertainties that could cause the actual results to
differ materially from the expected results.
Additional Information and Where to Find It
Investors, security holders and other interested persons may find additional
information regarding ARRM, ARMOUR or JAVELIN at the SEC's Internet site at
http://www.sec.gov/, the ARMOUR website www.armourreit.com, the JAVELIN
website www.javelinreit.com or by directing requests to: ARMOUR Residential
Management LLC, 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963,
Attention: Investor Relations.
CONTACT: Investor Contact:
James R. Mountain
Chief Financial Officer
ARMOUR Residential Management LLC
ARMOUR Residential Management LLC Logo
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