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April 23, 2013 /PRNewswire/ -- Arlington Asset Investment Corp. (NYSE: AI) (the "Company") announced today that it has priced a "best efforts" underwritten registered public offering of
$25 million aggregate principal amount of 6.625% Senior Notes due 2023 (the "Notes") at 100% of the principal amount. MLV & Co. LLC and JMP Securities LLC are acting as joint-bookrunning managers of the offering. Maxim Group LLC, National Securities Corporation, Northland Capital Markets and Compass Point Research & Trading, LLC are acting as co-managers. The offering is subject to customary closing conditions and is expected to close on
Wednesday, May 1, 2013.
The Company expects to use the net proceeds of this offering to acquire certain of the Company's target assets, including residential mortgage-backed securities ("MBS") 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.
The Notes will be offered under the Company's existing shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission. The offering of these Notes will be made only by means of a prospectus supplement and accompanying base prospectus, which will be filed with the Securities and Exchange Commission. Copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained by contacting MLV & Co. LLC or JMP Securities LLC at the addresses below:
MLV & Co. LLCAttention:
Randy Billhardt1251 Avenue of the Americas, 41
New York, New York 10020telephone: (212) 542-5882email:
JMP Securities LLCAttn: Prospectus Department 600 Montgomery Street,10
San Francisco, California 94111
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the offered Notes or any other securities, nor shall there be any sale of such Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.