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VERO BEACH, Fla., March 18, 2024 (GLOBE NEWSWIRE) — ARMOR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOR” or the “Company”) announced today that Sergey Rosiev and Desmond announced the promotion of Mr. McCauley. He will be appointed Co-Chief Investment Officer (CIO) from March 18, 2024. Mr. McCauley will also serve as Head of Risk Management for his ARMOR. Rosiev and McCauley will replace Mark Gruber, who has resigned.
Mr. Rosiev joined ARMOR in 2016 and has served as Deputy Chief Investment Officer since January 2020. Prior to joining ARMOUR, he was an Agency MBS Portfolio Analyst at Deutsche Asset Management, where he co-managed over $25 billion in Agency MBS assets from 2009 to 2009. 2016. Earlier in his career, Mr. Rosiev was a financial programmer at Zebra Capital Management LLC. He received his MBA from Cornell University’s Johnson School of Management, his Bachelor of Science in Computer Science from the University of Connecticut, and is also CFA certified.
Mr. McCauley has served as ARMOR’s Director of Investment Strategy since May 2013. He has 25 years of experience in the mortgage-backed securities market and is listed as a top analyst for MBS Securities in the US Institutional Investor Survey. Prior to joining ARMOUR, he was a Managing Director of the MBS Strategy Group at RBS Greenwich Capital, and a Vice President of the MBS Research Group at Merrill Lynch. He received his MBA from the Wharton School of the University of Pennsylvania, a master’s degree in electrical engineering from Georgia Tech, and a bachelor of science degree with honors in electrical engineering from the New Jersey Institute of Technology. He is a CFA charter holder.
Separately, ARMOR Capital Management LP, ARMOR’s independent manager, announced that Shane Lund has been promoted to senior portfolio manager and head of trading, and Michael Schweizer has been promoted to portfolio manager.
About Armor Residential REIT Investment Corporation
ARMOR invests primarily in fixed-rate, adjustable-rate and hybrid-adjustable-rate mortgage-backed securities issued or guaranteed by U.S. government-sponsored corporations or guaranteed by the National Mortgage Association. ARMOR is externally managed and advised by ARMOR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (“SEC”).
safe harbor
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and should not be relied upon. Forward-looking statements are predictions of future events. “expect”, “estimate”, “plan”, “budget”, “predict”, “anticipate”, “intend”, “project”, “may”, “will” Words such as “could,” “should,” “believes,” “anticipates,” “could,” “continue” and similar expressions refer to such future It is intended to identify forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from anticipated results. We do not intend to update or revise any forward-looking statements to reflect changes in our expectations or changes in events, conditions or circumstances on which such statements are based, except as required by law. There is no obligation to make it public.
Additional information and where to find it
Investors, securityholders and other interested parties may find additional information about us on the SEC’s Internet site at www.sec.gov or on our website at www.armourreit.com. Alternatively, you can submit your request below. ARMOR Residential REIT, Inc. 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Information.
contact:
Investor:
investor@armourreit.com
gordon harper
Armor Residential REIT Investment Corporation
(772) 617-4340
media:
Megan Repko / Mahmoud Siddig / Tim Lagones
Joelle Frank, Wilkinson Brimmer catcher
(212) 355-4449
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