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Stock impact report

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of ARMOUR Residential REIT, Inc. (ARR) on Behalf of Investors

ARMOUR Residential REIT, Inc. (ARR) 
US:NYSE Investor Relations: armourreit.com
Company Research Source: Business Wire
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of ARMOUR Residential REIT, Inc. (“ARMOUR” or the “Company”) (NYSE: ARR) investors concerning the Company’s possible violations of federal securities laws.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.”On this news, ARMOUR’s stock price fell $0.87, or 4.4%, to close at $18.72 per share on March 14, 2024, thereby injuring investors.If you purchased ARMOUR securiti Show less Read more
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