Arlington Asset Investment Corp. Declares First Quarter 2023 Dividends on Preferred Stock

Rhea-AI Summary

Arlington Asset Investment Corp. (NYSE: AAIC) announced a quarterly dividend of $0.4375 per share for its 7.00% Series B Preferred Stock (AAIC PrB) and $0.515625 for its 8.250% Series C Preferred Stock (AAIC PrC). Both dividends are set for payment on March 30, 2023, to shareholders of record on March 1, 2023. The company primarily invests in mortgage-related and residential real estate and is taxed as a REIT. Shareholders will receive further details on the tax characterization of the distributions on Form 1099-DIV after the calendar year.

Positive

• Dividend of $0.4375 per share for Series B Preferred Stock indicates confidence in financial stability.
• Dividend of $0.515625 per share for Series C Preferred Stock reflects a commitment to shareholder returns.

Negative

• None.

MCLEAN, Va., Feb. 10, 2023 /PRNewswire/ -- Arlington Asset Investment Corp. (NYSE: AAIC) (the "Company") today announced that its Board of Directors authorized a quarterly dividend of $0.4375 per share of its 7.00% Series B Cumulative Perpetual Redeemable Preferred Stock (NYSE: AAIC PrB) (the "Series B Preferred Stock") and a quarterly dividend of $0.515625 per share of its 8.250% Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock (NYSE: AAIC PrC) (the "Series C Preferred Stock") for the first quarter of 2023.  Dividends for the Series B Preferred Stock and Series C Preferred Stock will both be payable on March 30, 2023 to shareholders of record on March 1, 2023.  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. 

About the Company

The Company currently invests primarily in mortgage-related and other residential real estate and has elected to be taxed as a REIT.  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 the Company's most recent Annual Report on Form 10-K and any other documents filed by the Company with the Securities and Exchange Commission (the "SEC") from time to time, which are available from the Company and from the SEC, and you should read and understand these risks when evaluating any forward-looking statement.  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.

FAQ

What is the dividend amount for AAIC's Series B and Series C Preferred Stocks?

AAIC declared a dividend of $0.4375 per share for Series B Preferred Stock and $0.515625 per share for Series C Preferred Stock.

When will AAIC's dividends be paid?

The dividends will be payable on March 30, 2023.

What is the record date for the dividends for AAIC?

The record date for the dividends is March 1, 2023.

How will AAIC's dividends be reported to shareholders?

The tax characterization of the dividends will be reported on Form 1099-DIV after the calendar year.

What type of investments does Arlington Asset Investment Corp. focus on?

Arlington primarily invests in mortgage-related and other residential real estate.