updated 4/6/2011 5:16:21 PM ET 2011-04-06T21:16:21

VERO BEACH, Fla., April 6, 2011 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE:ARR) (NYSE Amex:ARR.WS) ("ARMOUR" or the "Company") announced today that it will implement a Dividend Reinvestment and Share Purchase Plan (the "Plan") on Monday, April 11, 2011. The Plan will enable stockholders to automatically reinvest dividends in shares of ARMOUR's common stock and to purchase from the Company additional shares of common stock directly from time to time. The Plan is expected to commence on Monday, April 11, 2011.

The Plan will be administered by Continental Stock Transfer & Trust Co. Copies of the Plan prospectus and information concerning the Plan, including how to enroll, may be obtained by contacting Continental Stock Transfer & Trust Co. at:

17 Battery Place
8th Floor
New York, New York 10004
Telephone: 1-800-509-5586
International Telephone: (212) 509-4000, Ext. 2386
www.continentalstock.com

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the Company's securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

A Registration Statement on Form S-3 covering the shares of common stock under the Plan has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.

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 ("RMBS") issued or guaranteed by U.S. Government-chartered entities. ARMOUR is externally managed and advised by ARMOUR Residential Management LLC ("ARRM"). ARMOUR Residential REIT, Inc. has elected to be taxed as a real estate investment trust ("REIT") for U.S. federal income tax purposes, commencing with ARMOUR's taxable year ended December 31, 2009.

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.

CONTACT: Investor Contact:
         Jeffrey Zimmer
         Co-Chief Executive Officer, President and Co-Vice Chairman
         ARMOUR Residential REIT, Inc.
         (772) 617-4340

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