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Arlington Asset Investment Corp., 8.25% Ser C Fix/Float Cumul Red Preferred Stk
Ticker Symbol: AAIC-C     CUSIP: 041356700     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Arlington Asset Investment Corp., 8.25% Series C, Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock liquidation preference $25 per share, redeemable at the issuer's option on or after 3/30/2024 at $25 per share plus accrued and unpaid dividends, and with no stated maturity.

Cumulative distributions of 8.25% per annum ($2.0625 per annum or $0.515625 per quarter) will be paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on the record date fixed by the board, not more than 10 days or less than 35 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). From and includng 3/30/2024 dividends will be paid at a floating rate of the Three-Month LIBOR plus 5.664% per annum.

Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders.

Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details).

This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Cpn Rate
Ann Amt
Call Date
Matur Date
Distribution Dates 15%
Tax Rate
3/30, 6/30, 9/30 & 12/30
Click for MW ExDiv Date
Click for Yahoo ExDiv Date

Go to Parent Company's Record (AAIC)

IPO - 3/5/2019 - 1.20 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: AI-C    Changed: 10/26/2020
Market Value $30.0 Million

Company's Online Information Links
HOME PAGE:     https://www.arlingtonasset.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address ir@arlingtonasset.com
Email Contact Form on Website Go to Email Form

Address and Phone Numbers
Address:   6862 Elm Street, Suite 320, McLean, VA 22101
Main Phone Number 703-373-0200
Fax Number 703-373-0680
Investor Contact (Secretary)   D. Scott Parish 703-373-0200
Toll Free Phone Number 800-846-5050
CEO - J. Rock Tonkel, Jr CFO - Richard Konzmann

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Latest Update: 5/22/2023