Arlington Asset Investment Corp. (NYSE: AI) (the "Company") announced today that it has priced a "best efforts" underwritten registered public offering of $25 million aggregate principal amount of 6.625% Senior Notes due 2023 (the "Notes") at 100% of the principal amount. MLV & Co. LLC and JMP Securities LLC are acting as joint-bookrunning managers of the offering. Maxim Group LLC, National Securities Corporation, Northland Capital Markets and Compass Point Research & Trading, LLC are acting as co-managers. The offering is subject to customary closing conditions and is expected to close on Wednesday, May 1, 2013.
Arlington Asset Investment is a principal investment firm that acquires and holds mortgage-related and other assets. Co. acquires direct interests in residential mortgage-backed securities (MBS) guaranteed as to principal and interest by The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (referred to as agency-backed MBS). Co. also acquires and holds non-agency private-label MBS (private-label MBS). Private-label MBS are MBS that are not issued by a U.S. government agency or a U.S. government-sponsored entity, such as Fannie Mae or Freddie Mac, and that are generally backed by a pool of single-family residential mortgage loans.
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