ARLINGTON, Va.,
June 16, 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 second
quarter of 2017. The dividend will be payable on July 31, 2017 to common shareholders of record on
June 30, 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.