Welcome to our dedicated page for Arlington Asset Investment news (Ticker: AAIC), a resource for investors and traders seeking the latest updates and insights on Arlington Asset Investment stock.
Arlington Asset Investment Corp. (NYSE: AAIC) is a principal investment firm specializing in acquiring and holding a leveraged portfolio of residential mortgage-backed securities (MBS). These MBS include agency MBS, guaranteed by U.S. government agencies or government-sponsored enterprises such as Fannie Mae or Freddie Mac, and private-label MBS that are not guaranteed by any government entity.
The company leverages its investment portfolio to enhance potential returns for shareholders, funding these investments primarily through short-term financing arrangements like repurchase agreements. Arlington Asset also engages in various hedging transactions to mitigate the interest rate sensitivity of its borrowing costs and the value of its MBS portfolio.
Headquartered in the Washington, D.C. metropolitan area, Arlington Asset operates primarily in the mortgage and residential real estate sectors. The company has elected to be taxed as a Real Estate Investment Trust (REIT), focusing on generating long-term returns for its shareholders.
Recent achievements include consistent positive economic returns over challenging market conditions and the successful completion of significant transactions like the sale of single-family residential properties. The company has also repurchased a notable portion of its outstanding shares, delivering substantial value to its shareholders.
In May 2023, Arlington Asset announced a definitive merger agreement with Ellington Financial Inc. (NYSE: EFC). This merger is expected to provide increased scale, enhanced access to capital markets, and drive earnings accretion and sustained long-term growth.
Arlington Asset's investment portfolio as of June 30, 2023, includes MSR financing receivables, credit investments, and agency MBS, with a total invested capital allocation of $298.7 million and an 'at risk' leverage ratio of 0.5 to 1. The company's current focus is on preserving capital, managing liquidity, and capitalizing on new opportunities in the evolving market conditions.
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.
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 for its 8.250% Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock (AAIC PrC) for Q4 2022. Both dividends will be payable on December 30, 2022 to shareholders of record as of December 20, 2022. The tax characterization will be provided on Form 1099-DIV after the year-end.
Arlington Asset Investment Corp. (NYSE: AAIC) reported third-quarter 2022 financial results, highlighting a book value of $6.45 per common share, representing a 2.4% increase from the prior quarter and an 8.0% increase year-over-year. The company recorded a GAAP net income of $0.10 per diluted common share. Significant gains from the sale of single-family residential properties contributed $0.47 per share to book value. The company's credit investment strategy showed robust returns, with a 17.6% annualized total return, while the MSR strategy yielded a 25.3% annualized return in the same period.
Arlington Asset Investment Corp. (NYSE: AAIC) will release its third-quarter financial results for the period ending September 30, 2022, after the market closes on November 14, 2022. Following the release, a conference call for investors is scheduled for November 15, 2022, at 10:00 A.M. Eastern Time. Investors can access the call via the company's website, and a replay will be available for 60 days after the call concludes.
Arlington Asset Investment Corp. (NYSE: AAIC) has declared its quarterly dividends for Q3 2022. The company announced a dividend of $0.4375 per share for its 7.00% Series B Cumulative Perpetual Redeemable Preferred Stock (AAIC PrB) and $0.515625 for the 8.250% Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock (AAIC PrC). Both dividends are payable on September 30, 2022, to shareholders of record on September 16, 2022. The tax characterization of the dividends will be reported on Form 1099-DIV.
Arlington Asset Investment Corp. (NYSE: AAIC) reported its Q2 2022 results, noting a book value of $6.30 per share, representing an 1.8% increase from Q1 2022. The company reported a GAAP net loss of $0.01 per diluted common share but achieved non-GAAP earnings of $0.05. Book value accretion of $0.09 came from repurchasing 3.2% of its outstanding common shares. The economic return was 6.1% over the last year, outperforming peers by over 16.6%. Investments in mortgage servicing rights (MSRs) and single-family residential properties continued to perform strongly.
Arlington Asset Investment Corp. (NYSE: AAIC) will release its second quarter 2022 financial results on August 9, 2022, after market close. An earnings call is scheduled for 10:00 A.M. ET on August 10, 2022, to discuss the results with investors. The call will be accessible online, and replays will be available for 60 days post-call. Arlington primarily invests in mortgage-related assets and operates as a REIT, based in the Washington D.C. area. For more details, visit www.arlingtonasset.com.
Arlington Asset Investment Corp. (NYSE: AAIC) has declared 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) for Q2 2022. Both dividends are payable on June 30, 2022, to shareholders of record as of June 15, 2022. The tax characterization of these distributions will be determined after the calendar year and reported on Form 1099-DIV.
Arlington Asset Investment Corp. (NYSE: AAIC) reported Q1 2022 financial results with a book value of $6.19 per share, up 0.5% from Q4 2021. The company posted a GAAP net loss of $0.12 per diluted share but achieved a core operating income of $0.05 per share. Significant share repurchases were made, totaling 3.3% of outstanding shares, enhancing book value by $0.09 per share. The company’s strategy shift towards non-commodity investments has generated a strong 53% annualized return from its mortgage servicing rights portfolio. A pending sale of 378 single-family residential properties is expected to add $0.45 per share to book value.
Arlington Asset Investment Corp. (NYSE: AAIC) will release its first-quarter 2022 financial results on May 12, 2022, after market close. A conference call for investors will take place on May 13, 2022, at 10:00 A.M. ET, to discuss the results. The Company primarily invests in mortgage-related and other assets as a REIT and is based in the Washington, D.C. area. For further details, visit www.arlingtonasset.com.
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