ARMOUR Residential REIT, Inc. announced that Jeffrey J. Zimmer will retire as Co-Chief Executive Officer, President, Vice Chair and director of the Company. Mr. Zimmer has agreed to serve as an ex-officio, non-voting special advisor to the Board of Directors of the Company. Mr. Zimmer will also continue serving as a Co-Managing Member of ARMOUR Capital Management LP, ARMOUR?s external manager (?ACM?), to advise on finance, lending and trading activities, including capital markets strategies, funding, repurchase lending and ARMOUR?s mortgage-backed securities (MBS) portfolio.