Arlington Asset Investment Prices 3M Shares at $24.80

Arlington Asset Investment Corp. AI (the "Company") announced today that it has priced an underwritten registered public offering of 3,000,000 shares of Class A common stock at a public offering price of $24.80 per share.  The Company has granted the underwriters an option for 30 days to purchase up to an additional 450,000 shares of Class A common stock to cover over-allotments, if any. Barclays Capital Inc. is serving as sole bookrunning manager for the offering.  Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS), is serving as lead manager.  Compass Point Research & Trading, LLC is serving as co-manager.  The offering is subject to customary closing conditions and is expected to close on Wednesday, September 26, 2012.