Arlington Asset Investment Corp. Declares Second Quarter 2021 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 Cumulative Perpetual Redeemable Preferred Stock (AAIC PrB) and $0.515625 per share for its 8.250% Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock (AAIC PrC). Both dividends will be payable on June 30, 2021, to shareholders recorded on June 15, 2021. The tax characterization of these distributions will be provided on Form 1099-DIV at year-end.

Positive

• Quarterly dividend of $0.4375 for Series B and $0.515625 for Series C demonstrates commitment to returning value to shareholders.
• Dividends payable in the second quarter indicate stable cash flow and company confidence.

Negative

• None.

MCLEAN, Va., May 27, 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 second quarter of 2021.  Dividends for the Series B Preferred Stock and Series C Preferred Stock will both be payable on June 30, 2021 to shareholders of record on June 15, 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 is the dividend amount for AAIC PrB for Q2 2021?

The dividend amount for AAIC PrB for Q2 2021 is $0.4375 per share.

When will the dividends for AAIC PrB and AAIC PrC be paid?

The dividends will be paid on June 30, 2021.

What is the record date for the dividends of AAIC?

The record date for the dividends is June 15, 2021.

What is the dividend amount for AAIC PrC for Q2 2021?

The dividend amount for AAIC PrC for Q2 2021 is $0.515625 per share.

How does the dividend impact AAIC investors?

The dividend payments indicate financial stability and a commitment to returning value to shareholders.