ARLINGTON, Va., March 7, 2013 /PRNewswire/ -- Arlington
Asset Investment Corp. (NYSE: AI) (the "Company") announced today
that it has commenced an underwritten registered public offering of
3,000,000 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 450,000 shares of Class A common
stock. Barclays Capital Inc. and Credit Suisse Securities
(USA) 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.
or Credit Suisse Securities (USA)
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
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. is a principal investment firm that invests in
mortgage-related and other assets. The Company is
headquartered in the Washington,
D.C. metropolitan area.
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, 2012,
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.