ARMOUR Residential REIT, Inc.

(Name of Issuer)

Common Stock, No Par Value $0.0001 per share

(Title of Class of Securities)

042315 101

(CUSIP Number)

December 31, 2010

(Date of Event Which Requires Filing of this Statement)

Item 1(a).

Name of Issuer:

ARMOUR Residential REIT, Inc. (formerly Enterprise Acquisition Corp.)

Item 1(b).

Address of Issuer's Principal Executive Offices:

3001 Ocean Drive, Suite 201

Vero Beach, Florida  32963

Item 2(a).

Names of Person Filing:

Staton Bell Blank Check LLC

Daniel C. Staton

Marc H. Bell

Maria Balodimas Staton

Item 2(b).

Address of Principal Business Office or, if None, Residence:

Staton Bell Blank Check LLC

6800 Broken Sound Parkway

Boca Raton, Florida 33487

Daniel C. Staton

6800 Broken Sound Parkway

Boca Raton, Florida 33487

Marc H. Bell

6800 Broken Sound Parkway

Boca Raton, Florida 33487

Maria Balodimas Staton

6800 Broken Sound Parkway

Boca Raton, Florida 33487

Item 2(c).

Citizenship:

Staton Bell Blank Check LLC - Delaware limited liability company

Daniel C. Staton - United States

Marc H. Bell - United States

Maria Balodimas Staton - United States

Item 2(d).

Title of Class of Securities:

Common Stock, par value $0.001 per share

Item 2(e).

CUSIP Number:

042315 101

Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a:

Not Applicable

(a)   [  ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)   [  ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)   [  ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)   [  ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)   [  ] An investment adviser in accordance with (S)240.13d-1(b)(1)(ii)(E).

(f)    [  ] An employee benefit plan or endowment fund in accordance with (S)240.13d-1(b)(1)(ii)(F).

(g)   [  ] A parent holding company or control person in accordance with (S) 240.13d-1(b)(1)(ii)(G).

(h)   [  ] A savings association is defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i)    [  ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

(j)    [  ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

Item 4.

Ownership:

(a)

Amount beneficially owned:

Staton Bell Blank Check LLC (“SBBC”) holds an aggregate of 300,300 shares of Common Stock and warrants to purchase 6,940,497 shares of Common Stock (the “Warrants”). As per the Issuer’s Warrant Agreement (as filed with the Securities and Exchange Commission on November 12, 2009) and the Issuer’s Articles of Amendment and Restatement (as filed with the Securities and Exchange Commission on November 12, 2009), the Warrants contain an issuance limitation prohibiting the holder of such Warrants from exercising the Warrants to the extent that such exercise would result in beneficial ownership by such holder of more than 9.8% of the Common Stock then issued and outstanding.

Due to the issuance limitation described above, SBBC may be deemed to beneficially own not more than 3,171,394 shares of Common Stock issuable upon exercise of the Warrants. SBBC holds an aggregate of 300,300 shares of Common Stock. Accordingly, taking into account the issuance limitation, SBBC may be deemed to be the beneficial owner of an aggregate amount of not more than 3,471,694 shares of Common Stock, consisting of 300,300 shares of Common Stock and 3,171,394 Warrants. The aggregate number of shares of which SBBC would be deemed to be the beneficial owner if SBBC fully exercised all of its Warrants is 7,240,797.

Daniel C. Staton may be deemed to beneficially own 150,150 shares of Common Stock and 1,584,251 shares of Common Stock issuable upon exercise of the Warrants. Mr. Staton has 50% control of Staton Family Investments Ltd.; Staton Family Investments Ltd. is 50% owner of SBBC. Mr. Staton may be deemed the beneficial owner of 50% of the issuer’s securities held by SBBC. Accordingly, taking into account the issuance limitation, Mr. Staton may be deemed to be the beneficial owner of an aggregate amount of not more than 1,734,401 shares of Common Stock, consisting of 150,150 shares of Common Stock and 1,584,251 Warrants. The aggregate number of shares of which Mr. Staton would be deemed to be the beneficial owner if SBBC fully exercised all of its Warrants is 3,620,398.

Marc H. Bell may be deemed to beneficially own 150,150 shares of Common Stock and 1,584,251 shares of Common Stock issuable upon exercise of the Warrants. Mr. Bell is 50% owner of SBBC. Mr. Bell may be deemed the beneficial owner of 50% of the issuer’s securities held by SBBC. Accordingly, taking into account the issuance limitation, Mr. Bell may be deemed to be the beneficial owner of an aggregate amount of not more than 1,734,401 shares of Common Stock, consisting of 150,150 shares of Common Stock and 1,584,251 Warrants. The aggregate number of shares of which Mr. Staton would be deemed to be the beneficial owner if SBBC fully exercised all of its Warrants is 3,620,398.

Maria Balodimas Staton may be deemed to beneficially own 150,150 shares of Common Stock and 1,584,251 shares of Common Stock issuable upon exercise of the Warrants. Mrs. Staton has 50% control of Staton Family Investments Ltd.; Staton Family Investments Ltd. is 50% owner of SBBC. Mrs. Staton may be deemed the beneficial owner of 50% of the issuer’s securities held by SBBC. Accordingly, taking into account the issuance limitation, Mrs. Staton may be deemed to be the beneficial owner of an aggregate amount of not more than 1,734,401 shares of Common Stock, consisting of 150,150 shares of Common Stock and 1,584,251 Warrants. The aggregate number of shares of which Mr. Staton would be deemed to be the beneficial owner if SBBC fully exercised all of its Warrants is 3,620,398.

Each of Messrs. Staton and Bell and Ms. Balodimas Staton disclaims beneficial ownership of the shares of Common Stock owned by SBBC, except to the extent of their pecuniary interest therein.

The percentage disclosed in Item 11 of the Cover Pages for each reporting person is calculated based upon the sum of (i) 32,254,054 shares of Common Stock outstanding, which is the total number of shares issued and outstanding as of February 14, 2011, and (ii) the number of shares of Common Stock issuable upon exercise of the warrants held by such reporting person.

(b)

Percent of class:

See Item 11 of the Cover Pages to this Schedule 13G, which percentages disclosed for each reporting person is calculated based upon 32,254,054 shares of Common Stock outstanding, which is the total number of shares issued and outstanding as of February 14, 2010.

(c)

Number of shares as to which such person has:

(i)     sole power to vote or to direct the vote:   0

(ii)    shared power to vote or to direct the vote:

         See Item (a) above.

(iii)   sole power to dispose or to direct the disposition of:

         See Item (a) above.

(iv)   shared power to dispose or to direct the disposition of:

         See Item (a) above.

Item 5.

Ownership of Five Percent or Less of a Class:

Not Applicable

Item 6.

Ownership of More than Five Percent on Behalf of Another Person:

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:

Not Applicable

Item 8.

Identification and Classification of Members of the Group:

Not Applicable

Item 9.

Notice of Dissolution of Group:

Not Applicable

Item 10.

Certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as participant in any transaction having that purpose or effect.