Arlington Asset Investment Corp. Announces At-The-Market Senior Notes Program

ARLINGTON, Va., May 13, 2013 /PRNewswire/ -- Arlington Asset Investment Corp. (NYSE: AI) (the "Company") announced today that it has filed a prospectus supplement under which it may from time to time sell up to $75 million in aggregate principal amount of its 6.625% Senior Notes due 2023 (the "Notes") through an at-the-market offering program.  The Notes may be offered through MLV & Co. LLC and JMP Securities LLC as sales agents.

Sales are anticipated to be made primarily in transactions that are deemed to be "at-the-market" offerings, including sales made directly on the New York Stock Exchange ("NYSE") or sales made to or through a market maker other than on an exchange.  Sales also may be made in negotiated transactions.  The Company intends to add any proceeds from sales of the Notes under the program to its general corporate funds, which it may use for new investments in accordance with its investment policy in place at the time of such sales, to repay indebtedness or for other general corporate purposes.

Any Notes sold under the program will constitute a further issuance of, and are expected to be fungible with, the $25 million in aggregate principal amount of the Company's 6.625% Senior Notes due 2023 issued on May 1, 2013 (the "Initial Notes"), and will form a single series of debt securities with the Initial Notes.  The Notes will have terms identical to the Initial Notes and will have the same CUSIP number as, and will be fungible and vote together with, the Initial Notes immediately upon issuance.  Notes sold under the program will be offered under the Company's existing effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC").  The Notes will be, and the Initial Notes are, traded on the NYSE under the symbol "AIW."

The offering of Notes under the program will be made only by means of a prospectus supplement and accompanying base prospectus, which will be filed with the SEC.  Copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained by contacting MLV & Co. LLC or JMP Securities LLC at the addresses below:

MLV & Co. LLC 
Attention: Randy Billhardt
1251 Avenue of the Americas, 41st Floor 
New York, New York 10020 
telephone: (212) 542-5882 
email: rbillhardt@mlvco.com

JMP Securities LLC 
Attn: Prospectus Department 
600 Montgomery Street, 10th Floor
San Francisco, California 94111

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the offered Notes or any other securities, nor shall there be any sale of such Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Arlington Asset Investment Corp. 

Arlington Asset Investment Corp. is a principal investment firm that invests in mortgage-related and other assets.  The Company is headquartered in the Washington, D.C. metropolitan area. 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  These include statements regarding the Company's planned offering of the Notes.  Forward-looking statements can be identified by forward-looking language, including words such as "believes," "anticipates," "expects," "estimates," "intends," "may," "plans," "projects," "will" and similar expressions, or the negative of these words.  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 Annual Report on Form 10-K for the year ended December 31, 2012, which has been filed with the SEC.  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.

SOURCE Arlington Asset Investment Corp.



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http://www.arlingtonasset.com

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