Arlington Asset Investment Corporation, 8.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Date Issued 3/5/2019
Shares Issued 1,200,000 Overallotment Shares 180,000
S&P Rating NR Moodys NR
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
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
Company Investor Relations Page for Arlington Asset Investment Corp
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