ARMOUR Residential REIT, Inc. Announces Monthly Dividend Rate of $0.05 Per Common Share for Fiscal Year 2014

ARMOUR Residential REIT, Inc. Announces Monthly Dividend Rate of $0.05 Per
Common Share for Fiscal Year 2014

VERO BEACH, Fla., Dec. 18, 2013 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT,
Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR" or the "Company") today
announced the fiscal year 2014 expected monthly cash dividend rate for the
Company's Common Stock of $0.05 per share.

2014 Common Stock Dividend Information

Month          Dividend Holder of Record Date Payment Date
January 2014   $0.05    January 15, 2014      January 30, 2014
February 2014  $0.05    February 14, 2014     February 27, 2014
March 2104     $0.05    March 17, 2104        March 28, 2104
April 2014     $0.05    April 15, 2014        April 29, 2014
May 2014       $0.05    May 15, 2014          May 29, 2014
June 2014      $0.05    June 16, 2014         June 27, 2014
July 2014      $0.05    July 15, 2014         July 30, 2014
August 2014    $0.05    August 15, 2014       August 29, 2014
September 2014 $0.05    September 15, 2014    September 29, 2014
October 2014   $0.05    October 15, 2014      October 30, 2014
November 2014  $0.05    November 17, 2014     November 26, 2014
December 2014  $0.05    December 15, 2014     December 30, 2014

Certain Tax Matters

ARMOUR has elected to be taxed as a real estate investment trust ("REIT") for
U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR
is required to timely distribute substantially all of its ordinary REIT
taxable income. Accordingly, ARMOUR may increase the amount of one or more
announced dividends before the applicable record date or may declare
supplemental dividends, if necessary to meet this tax requirement. Dividends
paid in excess of REIT taxable income for a fiscal year (including any taxable
income carried forward from the previous year) will generally not be taxable
to stockholders.

About ARMOUR RESIDENTIAL REIT, Inc.

ARMOUR is a Maryland corporation that invests primarily in residential fixed
rate, 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").

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 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
 
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