ARMOUR Residential REIT(ARR) Newsfilter·2024-03-15 22:40Executive Changes - Jeffrey J Zimmer retires as Co-CEO, President, Vice Chair and director of ARMOUR Residential REIT but will continue as a special advisor to the Board and Co-Managing Member of ARMOUR Capital Management LP [1] - Zimmer will advise on finance, lending, trading activities, capital markets strategies, funding, repurchase lending and the company's MBS portfolio [1] - Daniel C Staton, Chairman of ARMOUR, praised Zimmer's leadership in founding and growing the company over 15 years [2] - Scott Ulm, CEO of ARMOUR, expressed appreciation for Zimmer's contributions and looks forward to continuing to work with him [2] - Zimmer stated that building ARMOUR alongside Ulm has been the highlight of his career and expressed confidence in Ulm's leadership [3] Company Overview - ARMOUR Residential REIT primarily invests in fixed rate, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by US Government-sponsored enterprises or GNMA [4] - The company is externally managed and advised by ARMOUR Capital Management LP, an SEC-registered investment advisor [4]