ARLINGTON, Va., Sept. 6, 2018 /PRNewswire/ -- Arlington
Asset Investment Corp. (NYSE: AI) (the "Company") today announced
that its Board of Directors authorized a quarterly dividend of
$0.4375 per share of its 7.00% Series
B Cumulative Perpetual Redeemable Preferred Stock (NYSE: AI PrB)
(the "Series B Preferred Stock") for the third quarter of
2018. The dividend will be payable on October 1, 2018 to shareholders of record of the
Series B Preferred Stock on September
18, 2018.
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 most recent Annual Report on Form 10-K and any other
documents filed by the Company with the Securities and Exchange
Commission (the "SEC") from time to time, which are available from
the Company and from the SEC, and you should read and understand
these risks when evaluating any forward-looking statement.
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.