logo
Share SHARE
FONT-SIZE Plus   Neg

Arlington Asset Investment Announces Common Stock Offering

Arlington Asset Investment Corp. (AI) said Wednesday that it has commenced an underwritten registered public offering of 1.35 million shares of Class A common stock.

The company also expects to grant the underwriters an option for 30 days to purchase up to an additional 202,500 shares of Class A common stock to cover over-allotments, if any.

The company said it expects to use the net proceeds of the offering to acquire certain of its target assets, including residential mortgage-backed securities issued by U.S. government agencies or guaranteed as to principal and interest by U.S. government agencies or U.S. government-sponsored entities and MBS issued by private organizations. The company may also use the net proceeds for general working capital purposes.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
HSBC is reportedly laying off about 100 of its senior investment bankers worldwide, as the banking giant strives to curb operating costs. According to reports, the London-headquartered bank will eliminate managing director and director level employees at the Global Banking and Markets division, as... Samsung Electronics Co., Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) will reportedly blame faulty batteries for last year's Galaxy Note 7 fiasco. According to a Wall Street Journal report, Samsung's investigation of Galaxy Note 7 smartphones found that some batteries were irregularly sized while others had... Federal investigators have closed their probe of a fatal crash that involved a Tesla Motors Inc. car eight months ago. The regulators said they have found no safety defects in the vehicle's automated driving system and that Tesla's Autopilot-enabled vehicles did not need to be recalled.
comments powered by Disqus
Follow RTT