Arlington Asset Investment Corp. Declares Fourth Quarter 2021 Dividends on Preferred Stock

Rhea-AI Summary

Arlington Asset Investment Corp. (NYSE: AAIC) announced a quarterly dividend of $0.4375 for its 7.00% Series B Preferred Stock (AAIC PrB) and $0.515625 for its 8.250% Series C Preferred Stock (AAIC PrC) for Q4 2021. Both dividends are payable on December 30, 2021 to shareholders of record as of December 21, 2021. The tax characterization will be reported via Form 1099-DIV after the calendar year end.

Positive

• Quarterly dividend of $0.4375 on Series B Preferred Stock.
• Quarterly dividend of $0.515625 on Series C Preferred Stock.
• Dividends payable on December 30, 2021.

Negative

• None.

MCLEAN, Va., Dec. 9, 2021 /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 fourth quarter of 2021.  Dividends for the Series B Preferred Stock and Series C Preferred Stock will both be payable on December 30, 2021 to shareholders of record on December 21, 2021.  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 assets 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 are the dividend amounts for AAIC in Q4 2021?

The dividend for Series B Preferred Stock is $0.4375, and for Series C Preferred Stock, it is $0.515625.

When is Arlington Asset Investment Corp.'s dividend payment date?

The dividend payment date is December 30, 2021.

What is the record date for the dividends on AAIC's preferred stocks?

The record date for the dividends is December 21, 2021.

How will the dividends be taxed for shareholders of AAIC?

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