Arlington Asset plans to price public offering of 1.35 million shares

Ladenburg, Compass Point, Mitsubishi UFJ, National Securities assist

By Devika Patel

Knoxville, Tenn., March 21 - Arlington Asset Investment Corp. will price a public offering of 1.35 million common shares, according to a prospectus supplement filed Wednesday with the Securities and Exchange Commission. The deal will have a 30-day greenshoe of 202,500 additional shares.

Ladenburg Thalmann & Co. Inc. is the bookrunning manager; Compass Point Research & Trading, LLC, Mitsubishi UFJ Securities (USA), Inc. and National Securities Corp. are the lead managers, and Aegis Capital Corp. is the co-manager.

Proceeds will be used to acquire target assets and for general working capital purposes.

The company's shares (NYSE: AI) closed at $24.27 per share on March 20.

The Arlington, Va., holding company acquires mortgage-related assets through its subsidiaries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.