Arlington Asset Investment (AI) Declares $0.875 Quarterly Dividend; 12.6% Yield

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Go back to Arlington Asset Investment (AI) Declares $0.875 Quarterly Dividend; 12.6% Yield

Arlington Asset Investment (AI) Appoints J. Rock Tonkel, Jr. as CEO

June 11, 2014 4:37 PM EDT

Arlington Asset Investment (NYSE: AI) announced the appointment of J. Rock Tonkel, Jr. as Chief Executive Officer ("CEO") effective immediately. Mr. Tonkel has served as the President and Chief Operating Officer of the Company, a member of the Company's Board of Directors and a member of the Company's Investment Committee since 2007. He succeeds Eric F. Billings, who co-founded the Company in 1989, and is retiring after serving as CEO and co-CEO since 1997. Mr. Billings will continue to serve as the Executive Chairman of the Board as well as the Chairman of the Company's... More