ARLINGTON, Va., March 28, 2014 /PRNewswire/ -- Arlington Asset Investment Corp. (NYSE: AI) (the "Company") announced today that it has completed its previously-announced public offering of 3,062,500 shares of Class A common stock including 312,500 shares of Class A common stock issued pursuant to the partial exercise of an option offering granted to the Underwriters, for net proceeds of approximately $81.7 million after deducting underwriting discounts and commissions and estimated expenses. Barclays Capital Inc., Credit Suisse Securities ( USA) LLC, and RBC Capital Markets, LLC served as joint bookrunning managers for the offering. Compass Point Research & Trading, LLC, JMP Securities LLC, Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), Maxim Group LLC, MLV & Co. LLC and Wunderlich Securities, Inc. served as co-managers.
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 shares of Class A common stock were 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 shares was made only by means of a prospectus supplement and accompanying base prospectus, which was 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 Barclays Capital Inc., Credit Suisse Securities ( USA) LLC, or RBC Capital Markets, LLC at the addresses below:
Barclays Capital Inc.c/o Broadridge Financial Solutions1155 Long Island Avenue Edgewood, NY 11717 Barclaysprospectus@broadridge.com(888) 603-5847Credit Suisse Securities ( USA) LLCAttention: Prospectus DepartmentOne Madison Avenue, New York, NY 10010telephone: (800) 221-1037email: email@example.com RBC Capital Markets, LLCAttention: Equity SyndicateThree World Financial Center200 Vesey Street, 8th Floor New York, NY 10281-8098(877) 822-4089 This press release shall not constitute an offer to sell or the solicitation of an offer to buy the offered shares or any other securities, nor shall there be any sale of such shares 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.