ARLINGTON, Va., Sept. 9, 2014 /PRNewswire/ -- Arlington Asset
Investment Corp. (NYSE: AI) (the "Company") announced today that it
has completed its previously-announced public offering of 3,162,500
shares of Class A common stock, including 412,500 shares of Class A
common stock issued pursuant to the exercise of an option granted
to the Underwriters, for net proceeds of approximately $85.2 million after deducting underwriting
discounts and commissions and estimated expenses. Credit
Suisse Securities (USA) LLC,
Barclays, Morgan Stanley, RBC Capital Markets, LLC and Keefe,
Bruyette & Woods, Inc., a Stifel Company, served as joint
bookrunning managers for the offering. JMP Securities LLC,
FBR Capital Markets & Co., Ladenburg Thalmann & Co. Inc.,
MLV & Co. LLC and Compass Point Research & Trading, LLC
served as co-managers.
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 were 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 was made only by means of a prospectus
supplement and accompanying base prospectus, which was 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 Credit Suisse Securities
(USA) LLC, Barclays, Morgan
Stanley, RBC Capital Markets, LLC or Keefe, Bruyette & Woods,
Inc., a Stifel Company, at the addresses below:
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
Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Barclaysprospectus@broadridge.com
(888) 603-5847
Morgan Stanley & Co. LLC
180 Varick Street, 2nd Floor
New York, NY 10014
Attention: Prospectus Dept.
Email: prospectus@morganstanley.com
Telephone: (866) 718-1649
RBC Capital Markets, LLC
Three World Financial Center, 8th Floor
200 Vesey Street
New York, NY 10281
Attn: Equity Syndicate
Tel: (877) 822-4089
Keefe, Bruyette & Woods, Inc., A Stifel Company
Attention: Equity Capital Markets
787 Seventh Ave., 4th Floor
New York, New York 10019
1-(800)-966-1559
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.
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 anticipated use of the net proceeds of this
offering. 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.