ARLINGTON, Va., June 13, 2014 /PRNewswire/ -- Arlington
Asset Investment Corp. (NYSE: AI) held its 2014 Annual Meeting of
Shareholders (the "Annual Meeting") on Wednesday, June 11, 2014. The proposals
considered at the Annual Meeting are described in detail in the
Company's definitive proxy statement for the Annual Meeting as
filed with the Securities and Exchange Commission on April 9, 2014.
At the Annual Meeting, shareholders elected Eric F. Billings, Daniel
J. Altobello, Daniel E.
Berce, David W. Faeder,
Peter A. Gallagher, Ralph S. Michael, III and J. Rock Tonkel, Jr. to the Company's Board of
Directors to serve a term of one year each (Proposal 1), approved
on an advisory basis the executive compensation of the Company's
named executive officers (Proposal 3) and ratified the appointment
of PricewaterhouseCoopers LLP as the independent registered public
accountants of the Company for the fiscal year ending December 31, 2014 (Proposal 4).
While approximately 90% of the votes cast were in favor of the
Company's 2014 Long-Term Incentive Plan (Proposal 2), the total
votes cast on Proposal 2 represented approximately 45% in interest
of all shares entitled to vote on Proposal 2, while 50% were
required to be cast as described in the proxy statement.
Therefore, the Company adjourned the Annual Meeting to allow for
additional time for the Company's shareholders to vote on Proposal
2 as reported in the proxy statement. The Annual Meeting will
reconvene on July 15, 2014 at
10:00 a.m., Eastern Time, at the
Company's offices, located at 1001 Nineteenth Street North, Suite
1900, Arlington, Virginia 22209
for the purpose of approving Proposal 2.
During the period of the adjournment, the Company will continue
to solicit proxies from its shareholders with respect to Proposal
2. Shareholders who have already voted need not take any action on
the proposal, although they may change their vote for the proposal
by executing a new proxy or revoking a previously given proxy in
the manner set forth in the Company's proxy statement.
The Company encourages all shareholders who have not yet voted
on Proposal 2 to do so before July 15,
2014. If shareholders need any assistance in voting their
shares, please contact the Company's Investor Relations department
at ir@arlingtonasset.com.
This information is being provided to shareholders in
addition to the Company's definitive proxy statement, filed with
the Securities and Exchange Commission (the "SEC") on April 9, 2014. Copies of the Company's definitive
proxy statement and any other materials filed by the Company with
the SEC can be obtained free of charge at the SEC's website at
www.sec.gov or from the Company's website at
www.arlingtonasset.com. Please read the complete proxy statement,
the accompanying materials and any additional proxy soliciting
materials that the Company may file with the SEC carefully before
you make a voting decision as they contain important information.
Only shareholders who held the Company's common stock as of the
record date of April 3, 2014 are
eligible to vote. The Company, its directors and certain of its
executive officers may be deemed to be participants in the
solicitation of proxies from shareholders. Detailed information
regarding the identity of the potential participants, and their
direct or indirect interests, by security holdings or otherwise, is
set forth in the Company's definitive proxy statement.
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.
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 Annual Meeting and Proposal 2. 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.