ARLINGTON, Va., June 7, 2017 /PRNewswire/ -- Arlington Asset
Investment Corp. (NYSE: AI) (the "Company") today announced that
its Board of Directors authorized an initial dividend of
$0.238 per share of its 7.00% Series
B Cumulative Perpetual Redeemable Preferred Stock (NYSE: AI PrB)
(the "Series B Preferred Stock") covering the period from
May 12, 2017 to, but excluding,
June 30, 2017. The dividend
will be payable on June 30, 2017 to
shareholders of record of the Series B Preferred Stock on
June 19, 2017.
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.