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

By: ,

Date Issued   3/5/2019

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

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%

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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

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

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