Friedman, Billings, Ramsey Group, Inc. (FBR) said it plans to change its corporate name to Arlington Asset Investment Corp.
The company will begin doing business under its new name immediately and will seek approval from shareholders to amend its charter to reflect the name change at its next annual shareholders meeting in June 2009.
However, the company will continue to be led by its existing management team.
The company has requested a new ticker from the NYSE and expects to gain approval and begin trading under a new symbol within the next 60 days.
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