Arlington Asset Investment Corporation, 8.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

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Date Issued   3/5/2019

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Shares Issued  1,200,000    Overallotment Shares   180,000

S&P Rating NR      Moodys   NR

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Security Ticker Symbol   AI-C

Market Traded ON   NYSE

Dividend Payment Paid on the 30th of March, June, September and December beginning on 6/30/2019

Quarterly Dividend  .516   Annual Dividend   2.06

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The coupon will be fixed until 3/30/2024 after which it will float at a rate of 3 month Libor plus a spread of 5.664%

Securities may be redeemed, at the issuers option, as early as 3/30/2024 for a redemption price of $25/share plus accrued dividends

Dividend Payment will NOT be Qualified Distributions.  Arlington had been a C Corp, but now is a REIT.

Maturity Date   None

 

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Company Investor Relations Page for Arlington Asset Investment Corp

 Click here to find the offering Prospectus and or final pricing documents

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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