ARMOUR Residential REIT, Inc. Announces Monthly Dividend Rate of $0.05 Per Share and Confirms Series A and Series B Preferred

ARMOUR Residential REIT, Inc. Announces Monthly Dividend Rate of $0.05 Per
Share and Confirms Series A and Series B Preferred Stock Monthly Dividends for
Q4 2013

VERO BEACH, Fla., Sept. 18, 2013 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT,
Inc. (NYSE: ARR, ARR PrA and ARR PrB) (NYSE MKT: ARR.WS) ("ARMOUR" or the
"Company") today announced the Q4 2013 monthly cash dividend rate for the
Company's Common Stock of $0.05 per share, which represents an annualized
yield of 14.7% based on the closing market price of the stock on September 17,
2013.

In order to limit exposure to increasing volatility in the mortgage and US
Treasury bond markets in Q3 2013, the Company reduced its portfolio to
approximately $16.1 billion from a high of approximately $26.9 billion in the
first half of 2013. The Company did not reduce any of its hedge positions
since June 30, 2013, which represent 88.6% of repurchase agreement borrowings
and resulted in a net balance sheet duration of 1.05 at August 30, 2013. For
additional information about the Company's investment portfolio, liquidity,
financing, hedging and other matters, please see the Company's latest monthly
update at
http://www.armourreit.com/updates/ARR_Company_Update_Sept_10_2013.pdf.

The Company also confirmed the Q4 2013 monthly cash dividends for the
Company's Series A and Series B Preferred Stock.

Q4 2013 Common Stock Dividend Information
                                            
Month         Dividend   Holder of Record Date Payment Date
October 2013  $0.05      October 15, 2013      October 28, 2013
                                            
November 2013 $0.05      November 15, 2013     November 27, 2013
                                            
December 2013 $0.05      December 16, 2013     December 27, 2013
                                            
Q4 2013 Series A Preferred Stock Dividend Information
                                            
Month         Dividend   Holder of Record Date Payment Date
October 2013  $0.171875  October 15, 2013      October 28, 2013
                                            
November 2013 $0.171875  November 15, 2013     November 27, 2013
                                            
December 2013 $0.171875  December 15, 2013     December 27, 2013
                                            
Q4 2013 Series B Preferred Stock Dividend Information
                                            
Month         Dividend   Holder of Record Date Payment Date
October 2013  $0.1640625 October 15, 2013      October 28, 2013
                                            
November 2013 $0.1640625 November 15, 2013     November 27, 2013
                                            
December 2013 $0.1640625 December 15, 2013     December 27, 2013

About ARMOUR Residential REIT, Inc.

ARMOUR is a Maryland corporation that invests primarily in fixed rate
residential, adjustable rate and hybrid adjustable rate mortgage-backed
securities issued or guaranteed by U.S. Government-sponsored entities. ARMOUR
is externally managed and advised by ARMOUR Residential Management LLC, an
investment advisor registered with the Securities and Exchange Commission
("SEC"). ARMOUR Residential REIT, Inc. has elected to be taxed as a real
estate investment trust for U.S. federal income tax purposes.

Safe Harbor

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.The Company disclaims any
obligation to release publicly any updates or revisions to any forward-looking
statement to reflect any change in its expectations or any change in events,
conditions or circumstances on which any such statement is based.

Additional Information and Where to Find It

Investors, security holders and other interested persons may find additional
information regarding the Company at the SEC's Internet site at
http://www.sec.gov/, or the Company website at http://www.armourreit.com, or
by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive,
Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations.

CONTACT: Investor Contact:
        
         James R. Mountain
         Chief Financial Officer
         ARMOUR Residential REIT, Inc.
         (772) 617-4340