ARMOUR Residential REIT completed the merger with JAVELIN Mortgage Investment in a $82.5m deal.

ARMOUR Residential REIT, a real estate investment trust, completed the merger with JAVELIN Mortgage Investment, a company that invests and manages a leveraged portfolio of agency mortgage-backed securities, non-agency mortgage-backed securities and other mortgage-related investments, in a $82.5m deal. "We are pleased to announce this strategically and financially compelling transaction that is aligned with our focused and disciplined approach to evaluating assets for inclusion in the ARMOUR portfolio. Today, ARMOUR has a robust portfolio as well as a strong balance sheet. The acquisition of JAVELIN provides complementary assets that increase our flexibility and enable us to drive additional value through the diversification of our investment portfolio into non-agency mortgage-backed securities. This transaction is expected to be immediately accretive to ARMOUR's book value upon closing and to drive long-term value for our stockholders through stable and diversified risk-adjusted returns," Daniel C. Staton, ARMOUR Residential REIT Non-Executive Chairman.