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ARMOUR Residential REIT, Inc. is a real estate investment trust that invests primarily in residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government-sponsored entities including Fannie Mae, Freddie Mac, and Ginnie Mae. The company's portfolio consists of agency RMBS, which carry an implied or explicit government guarantee of principal and interest payments. ARMOUR generates income from the spread between the yield on its mortgage-backed securities and its borrowing costs, using leverage to enhance returns. The company employs hedging strategies to manage interest rate risk inherent in its portfolio. ARMOUR distributes the majority of its taxable income to shareholders as dividends, making it attractive to income-oriented investors. Headquartered in Vero Beach, Florida, ARMOUR operates in the mortgage REIT sector characterized by interest rate sensitivity, prepayment risk, and leverage. The company benefits from government backing of its assets while navigating interest rate changes, yield curve dynamics, and Federal Reserve monetary policy impacts on mortgage markets.