FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * BERCE DANIEL E 2. Issuer Name and Ticker or Trading Symbol Arlington Asset Investment Corp. [ AAIC ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)         (First)         (Middle)
C/O ARLINGTON ASSET INVESTMENT CORP., 6862 ELM STREET, SUITE 320
3. Date of Earliest Transaction (MM/DD/YYYY)
6/15/2021
(Street)
MCLEAN, VA 22101
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock                 15000 (1) D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Deferred Stock Units   (2) 6/15/2021    A     19607 (3)      (3)  (3) Class A Common Stock  19607 (3) $0.00  19607  D   
Restricted Stock Units   (4)                  (4)  (4) Class A Common Stock   (4)   71319 (4) D   

Explanation of Responses:
(1)  Represents the current number of shares of Class A common stock owned. No transaction occurred and is for informational purposes only.
(2)  Each deferred stock unit ("DSU") represents a contingent right to receive one share of Class A common stock.
(3)  Represents annual grant of DSUs pursuant to the Company's 2021 Long-Term Incentive Plan in connection with the reporting person's service as a non-employee director of the Company. DSUs vest immediately on the award grant date. Vested DSUs are converted into shares of Class A common stock on a one-for-one basis upon the later of the reporting person's separation from service on the board or the first anniversary of the grant date (the "Settlement Date"). If a change in control occurs before the Settlement Date, the settlement will occur on the control change date. The reporting person does not have voting rights with respect to, but receives dividend equivalent payments on outstanding DSUs.
(4)  Represents restricted stock units ("RSUs") previously granted pursuant the Company's prior long-term incentive plans. RSUs have the same material terms as DSUs. No transaction occurred and is for informational purposes only.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BERCE DANIEL E
C/O ARLINGTON ASSET INVESTMENT CORP.
6862 ELM STREET, SUITE 320
MCLEAN, VA 22101
X



Signatures
D. Scott Parish, Attorney-in-Fact 6/17/2021
**Signature of Reporting Person Date
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