Investigation announced for Investors in shares of ARMOUR Residential REIT, Inc. (NYSE: ARR) concerning potential Violations of Securities Laws

An investigation was announced concerning potential securities laws violations by ARMOUR Residential REIT, Inc. in connection with certain financial statements.

Investors who purchased shares of ARMOUR Residential REIT, Inc. (NYSE: ARR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of ARMOUR Residential REIT, Inc. (NYSE: ARR) concerning whether certain statements by ARMOUR Residential REIT, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Vero Beach, FL based ARMOUR Residential REIT, Inc. invests in residential mortgage-backed securities (MBS) in the United States.

On March 1, 2024, ARMOUR disclosed that it had commenced an internal investigation to review internal issues related to "the appropriateness of reporting Distributable Earnings and Net Interest Margin" in earnings releases and "the methods of calculating such measures", "the Company's considerations with respect to reviewing and evaluating its external manager", and "certain of the internal controls over financial reporting and disclosure controls and procedures of the Company."
Then, on March 13, 2024, ARMOUR announced that its Chief Financial Officer had been "removed."

Shares of ARMOUR Residential REIT, Inc. (NYSE: ARR) closed on April 11, 2024 at $18.76 per share.

Those who purchased shares of ARMOUR Residential REIT, Inc. (NYSE: ARR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.