ARLINGTON, Va., Sept. 14, 2017 /PRNewswire/ -- Arlington
Asset Investment Corp. (NYSE: AI) (the "Company") today announced
that its Board of Directors authorized a quarterly dividend of
$0.55 per share of common stock for
the third quarter of 2017. The dividend will be payable on
October 31, 2017 to common
shareholders of record on September
29, 2017. This dividend is consistent with the
Company's variable dividend policy pursuant to which the Board of
Directors evaluates dividends on a quarterly basis and, in its sole
discretion, may approve the payment of dividends.
The tax characterization to shareholders of the distribution
will be determined after the end of the calendar year and will be
reported to shareholders on Form 1099-DIV. To the extent the
Company has current or accumulated earnings and profits for the
year, distributions would be reported as dividends. Because
the Company is taxed as a C-corporation for U.S. federal tax
purposes, any dividends would be qualified dividends eligible for
the reduced capital gains rates. Any distributions in excess
of earnings and profits for the year would be classified as
nontaxable returns of capital to the extent they do not exceed a
shareholder's adjusted tax basis in the Company's stock, or as a
capital gain to the extent that the amount of the distribution
exceeds a shareholder's adjusted tax basis in the Company's
stock.
About the Company
Arlington Asset Investment Corp. (NYSE: AI) is a principal
investment firm that currently invests primarily in
mortgage-related and other assets. The Company is
headquartered in the Washington,
D.C. metropolitan area. For more information, please
visit www.arlingtonasset.com.
Certain statements in this press release are forward-looking as
defined by the Private Securities Litigation Reform Act of
1995. These include statements regarding dividend
payments. 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 Annual Report on Form 10-K for the year ended
December 31, 2016 and other documents
filed by the Company with the Securities and Exchange Commission
from time to time. 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.