ARLINGTON, Va., July 6, 2021 /PRNewswire/ -- Arlington Asset
Investment Corp. (NYSE: AAIC) (the "Company") announced today
that it plans to offer, subject to market and other conditions, its
Senior Notes due 2026 (the "Notes") in an underwritten
registered public offering. The Company expects to grant the
underwriters a 30-day option to purchase additional Notes solely to
cover over-allotments, if any.
The Company expects to use the net proceeds of this offering to
redeem all or a portion of its 6.625% Senior Notes due 2023 and use
any remaining net proceeds for general capital purposes.
Ladenburg Thalmann & Co. Inc. is acting as book-running
manager of the offering and Compass Point Research & Trading,
LLC and JonesTrading Institutional Services LLC are acting as
co-managers of the offering.
The Notes will be offered under the Company's existing shelf
registration statement on Form S-3, which was declared effective by
the Securities and Exchange Commission. The offering of these Notes
will be made only by means of a prospectus supplement and
accompanying base prospectus, which will be filed with the
Securities and Exchange Commission. Before you invest, you should
read the prospectus supplement and accompanying prospectus along
with other documents that the Company has filed with the Securities
and Exchange Commission for more complete information about the
Company and this offering. Copies of the prospectus supplement and
accompanying base prospectus related to this offering may be
obtained, when available, by contacting Ladenburg Thalmann &
Co. Inc. at the address below:
Ladenburg Thalmann & Co. Inc.
640 Fifth Avenue, 4th Floor
New York, New York 10019
telephone: 1-800-573-2541
email: prospectus@ladenburg.com
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 the Company
The Company currently invests 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.
Cautionary Notice Regarding Forward-Looking
Statements
Certain statements in this press release are forward-looking as
defined by the Private Securities Litigation Reform Act of
1995. For example, the fact that the offering has launched
may imply that the offering will price, but pricing is subject to
conditions customary in transactions of this type and may be
delayed or may not occur at all. No assurance can be given that the
offering discussed above will be completed on the terms described
or at all or that the net proceeds of this offering will be used as
described. 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 from time to time, which are available from the Company
and from the Securities and Exchange Commission, 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.