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Arlington Asset Investment Corp. Announces At-The-Market Senior Notes Program

ARLINGTON, Va., May 13, 2013 /PRNewswire/ -- Arlington Asset Investment Corp. (NYSE: AI) (the "Company") announced today that it has filed a prospectus supplement under which it may from time to time sell up to $75 million in aggregate principal amount of its 6.625% Senior Notes due 2023 (the "Notes") through an at-the-market offering program.  The Notes may be offered through MLV & Co. LLC and JMP Securities LLC as sales agents.

Sales are anticipated to be made primarily in transactions that are deemed to be "at-the-market" offerings, including sales made directly on the New York Stock Exchange ("NYSE") or sales made to or through a market maker other than on an exchange.  Sales also may be made in negotiated transactions.  The Company intends to add any proceeds from sales of the Notes under the program to its general corporate funds, which it may use for new investments in accordance with its investment policy in place at the time of such sales, to repay indebtedness or for other general corporate purposes.

Any Notes sold under the program will constitute a further issuance of, and are expected to be fungible with, the $25 million in aggregate principal amount of the Company's 6.625% Senior Notes due 2023 issued on May 1, 2013 (the "Initial Notes"), and will form a single series of debt securities with the Initial Notes.  The Notes will have terms identical to the Initial Notes and will have the same CUSIP number as, and will be fungible and vote together with, the Initial Notes immediately upon issuance.  Notes sold under the program will be offered under the Company's existing effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC").  The Notes will be, and the Initial Notes are, traded on the NYSE under the symbol "AIW."

The offering of Notes under the program will be made only by means of a prospectus supplement and accompanying base prospectus, which will be filed with the SEC.  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:

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