Arlington Asset Investment (AI) Completes 3.45M Common Offering

Arlington Asset Investment Corp. (NYSE: AI) has completed its previously-announced public offering of 3,450,000 shares of Class A common stock, including 450,000 shares of class A common stock purchased by the underwriters pursuant to an option granted by the Company to cover over-allotments, for net proceeds of approximately $83.2 million after deducting underwriting discounts and commissions and estimated expenses. Barclays Capital Inc. served as sole bookrunning manager for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), served as lead manager. Compass Point Research & Trading, LLC served as co-manager.

The Company expects to use the net proceeds of this offering to acquire certain of its target assets, including residential mortgage-backed securities ("MBS") issued by U.S. government agencies or guaranteed as to principal and interest by U.S. government agencies or U.S. government-sponsored entities and MBS issued by private organizations. The Company may also use the net proceeds for general working capital purposes.

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