ARLINGTON, Va., June 17, 2016 /PRNewswire/ -- Arlington
Asset Investment Corp. (NYSE: AI) (the "Company" or "Arlington") today announced that its Board of
Directors declared a quarterly dividend of $0.625 per share for the second quarter of
2016. The dividend will be payable on July 29, 2016 to shareholders of record on
June 30, 2016. The ex-dividend
date is June 28, 2016. This
dividend is consistent with our variable dividend policy pursuant
to which the Board of Directors evaluates dividends on a quarterly
basis and, in its sole discretion, may approve the payment of
dividends.
The tax characterization to shareholders of the distribution
will be determined after the end of the calendar year and will be
reported to shareholders on Form 1099-DIV. To the extent the
Company has current or accumulated earnings and profits for the
year, distributions would be reported as dividends. Because
the Company is taxed as a C-corporation for U.S. federal tax
purposes, any dividends would be qualified dividends eligible for
the reduced capital gains rates. Any distributions in excess
of earnings and profits for the year would be classified as
nontaxable returns of capital to the extent they do not exceed a
shareholder's adjusted tax basis in the Company's stock, or as a
capital gain to the extent that the amount of the distribution
exceeds a shareholder's adjusted tax basis in the Company's
stock.
About the Company
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.
Certain statements in this press release are forward-looking as
defined by the Private Securities Litigation Reform Act of
1995. These include statements regarding dividend
payments. Forward-looking statements can be identified by
forward-looking language, including words such as "believes,"
"expects," "anticipates," "estimates," "plans," "continues,"
"intends," "should", "may," and similar expressions. 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 our
Annual Report on Form 10-K for the year ended December 31, 2015 and other documents filed by
the Company with the Securities and Exchange Commission from time
to time. 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.
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SOURCE Arlington Asset Investment Corp.