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 notice of redemption for all outstanding 6.625% Senior Notes due 2023, amounting to $23,821,025. The redemption will occur on August 6, 2021, at a price of $25 per $25 principal amount, plus accrued interest. This move indicates the company's financial management strategy amidst market conditions. Investors are advised to consider potential risks associated with these forward-looking statements, as detailed in the Company’s filings with the SEC.
Arlington Asset Investment Corp. (NYSE: AAIC) announced the pricing of a public offering of $33.5 million 6.000% Senior Notes due 2026. The Notes are priced at 100% of the principal and will mature on August 1, 2026, with closing expected on July 15, 2021. Proceeds will be used to redeem 6.625% Senior Notes due 2023 and for general corporate purposes. The offering is managed by Ladenburg Thalmann & Co. Inc., with co-managers including Compass Point Research & Trading, LLC and JonesTrading Institutional Services LLC.
Arlington Asset Investment Corp. (NYSE: AAIC) announced a proposed offering of Senior Notes due 2026, subject to market conditions. The company plans to use the net proceeds to redeem its 6.625% Senior Notes due 2023 and for general capital purposes. The offering will be managed by Ladenburg Thalmann & Co. Inc. as the book-running manager, with others as co-managers. This offering is made under the existing shelf registration statement and does not constitute an offer to sell the Notes in jurisdictions where it would be illegal without proper registration.
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.
Arlington Asset Investment Corp. (NYSE: AAIC) reported a net loss of $6.8 million or $0.20 per diluted common share for Q1 2021, alongside a non-GAAP core operating income of $1.0 million ($0.03 per share). The company achieved an unlevered return on mortgage servicing rights (MSR) investments, which now constitute 12% of capital. However, the agency mortgage portfolio underperformed due to rising long-term interest rates. The repurchase program remains active with 0.4% of shares bought back, while common stock dividends were not declared for Q1.
Arlington Asset Investment Corp. (NYSE: AAIC) will release its first-quarter financial results for the period ended March 31, 2021, on May 6, 2021, before market opening. An earnings conference call is scheduled for 12:00 P.M. Eastern Time on the same day, where the company will discuss its performance. Investors can listen to the call via the company's website, with replays available for 60 days following the event. Arlington primarily invests in mortgage-related assets and operates as a REIT, based in the Washington, D.C., metropolitan area.
Arlington Asset Investment Corp. (AAIC) reported a net income of $10.7 million, or $0.32 per diluted share, for Q4 2020. The non-GAAP core operating income stood at $4.1 million, or $0.12 per diluted share. The company experienced a 7% economic return and maintained a conservative leverage ratio of 2.4 to 1. It repurchased 0.5 million shares at an average price of $2.83. For 2020, the company recorded a GAAP net loss of $2.00 per diluted share but achieved a 16% reduction in administrative expenses. However, no dividend was declared for common stock due to capital retention plans.
Arlington Asset Investment Corp. (NYSE: AAIC) is set to release its financial results for Q4 and full year 2020 before the market opens on February 16, 2021. The Company will also hold a conference call at 10:00 A.M. Eastern Time on the same day to discuss these results. Arlington primarily invests in mortgage-related assets and has been taxed as a REIT since its taxable year ending December 31, 2019. Investors can listen to the earnings call via the Company's website, and replays will be available for 60 days post-call.
Arlington Asset Investment Corp. (NYSE: AAIC) reported Q3 2020 net income of $4.0 million ($0.12/share) and non-GAAP core operating income of $1.0 million ($0.03/share). The mortgage investment portfolio totaled $858 million at fair value. The company repurchased 2.1 million shares at an average price of $2.80. The board did not declare dividends on common stock, intending to retain capital for financial strength. New ticker symbol changes took effect on October 26, 2020. A conference call is scheduled for November 4, 2020 to discuss results.
Arlington Asset Investment Corp. (NYSE: AAIC) will announce its third-quarter financial results on November 3, 2020, after market close. A conference call for investors is scheduled for 9:00 A.M. Eastern Time on November 4, 2020 to discuss these results. The call can be accessed online, with replays available for 60 days post-call. The Company focuses on investing in mortgage-related assets and qualifies as a real estate investment trust.
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