Item 1.01.
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Entry into a Material Definitive Agreement.
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On August 10, 2018, Arlington Asset Investment Corp. (the Company) entered into separate amendments (the Amendments) to the equity
distribution agreements dated February 22, 2017 (collectively, the Original Equity Distribution Agreements and, as amended by the Amendments, the Equity Distribution Agreements) with each of JMP Securities LLC, B. Riley
FBR, Inc. (formerly, FBR Capital Markets & Co.), JonesTrading Institutional Services LLC and Ladenburg Thalmann & Co. Inc. (collectively, the Sales Agents), under which the Company may offer and sell, from time to time,
shares of its Class A common stock, par value $0.01 per share (Common Stock), through the Sales Agents. Pursuant to the Equity Distribution Agreements, the Company may offer and sell up to 12,597,423 shares of its Common Stock (the
Shares). Prior to the date of this Current Report on Form
8-K,
the Company sold 5,402,577 shares of its Common Stock pursuant to the Original Equity Distribution Agreements and the prospectus
supplement filed with the Securities and Exchange Commission (the SEC) on February 22, 2017.
The Shares will be issued pursuant to the
Companys Registration Statement on Form
S-3
(File
No. 333-215384)
(the Registration Statement). The Company has filed a prospectus supplement,
dated August 10, 2018, to the prospectus, dated February 17, 2017, with the SEC in connection with the offer and sale of the Shares from time to time in the future.
The Sales Agents and their respective affiliates have provided, and may in the future provide, investment banking, brokerage and other services to the Company
in the ordinary course of business, and the Company paid, and expects to pay, customary fees and commission for their services, respectively.
The
foregoing description of the Equity Distribution Agreements is not complete and is qualified in its entirety by reference to the full text thereof, filed as Exhibits 1.1 through 1.8 hereof and incorporated herein by reference.