ARLINGTON, Va., March 24, 2014 /PRNewswire/ -- Arlington
Asset Investment Corp. (NYSE: AI) (the "Company") announced today
that it has commenced an underwritten registered public offering of
2,750,000 shares of Class A common stock. The Company also
expects to grant the underwriters an option for 30 days to purchase
up to an additional 412,500 shares of Class A common stock.
Barclays Capital Inc., Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC will
serve as joint bookrunning managers for the offering.
The Company expects to use the net proceeds of this offering to
acquire certain of the Company's target assets, including
residential mortgage-backed securities ("MBS") issued by U.S.
government agencies or guaranteed as to principal and interest by
U.S. government agencies or U.S. government-sponsored entities and
MBS issued by private organizations. The Company may also use the
net proceeds for general working capital purposes.
The shares of Class A common stock will be offered under the
Company's existing shelf registration statement on Form S-3, which
was declared effective by the Securities and Exchange Commission.
The offering of these shares will be made only by means of a
prospectus supplement and accompanying base prospectus, which will
be filed with the Securities and Exchange Commission. Copies of the
prospectus supplement and accompanying base prospectus related to
this offering may be obtained by contacting Barclays Capital Inc.,
Credit Suisse Securities (USA) LLC
or RBC Capital Markets, LLC at the addresses below:
Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Barclaysprospectus@broadridge.com
(888) 603-5847
Credit Suisse Securities (USA)
LLC
Attention: Prospectus Department
One Madison Avenue, New York, NY
10010
telephone: (800) 221-1037
email: newyork.prospectus@credit-suisse.com
RBC Capital Markets, LLC
Attention: Equity Syndicate
Three World Financial Center
200 Vesey Street, 8th Floor
New York, NY 10281-8098
(877) 822-4089
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the offered shares or any other
securities, nor shall there be any sale of such shares or any other
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or other
jurisdiction.
About Arlington Asset Investment Corp.
Arlington Asset Investment Corp. (NYSE: AI) is a principal
investment firm that currently invests primarily in
mortgage-related and other assets. The Company is
headquartered in the Washington,
D.C. metropolitan area. For more information, please
visit www.arlingtonasset.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These include statements
regarding the Company's planned offering of common stock and the
anticipated use of proceeds. Forward-looking statements can
be identified by forward-looking language, including words such as
"believes," "anticipates," "expects," "estimates," "intends,"
"may," "plans," "projects," "will" and similar expressions, or the
negative of these words. Due to known and unknown risks,
including the risk that the assumptions on which the
forward-looking statements are based prove to be inaccurate, actual
results may differ materially from expectations or
projections. These risks also include those described in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2013, which has been
filed with the Securities and Exchange Commission. Readers of
this press release are cautioned to consider these risks and
uncertainties and not to place undue reliance on any
forward-looking statements. The Company does not undertake
any obligation to update any forward-looking statement, whether
written or oral, relating to matters discussed in this press
release, except as may be required by applicable securities
laws.
SOURCE Arlington Asset Investment Corp.