Arlington Asset Investment Announces Completion of 450,000 Share Common Stock Offering

Arlington Asset Investment

announced today that it has completed its previously-announced public offering of 3,450,000 shares of Class A common stock, including 450,000 shares of class A common stock purchased by the underwriters pursuant to an option granted by the Company to cover over-allotments, for net proceeds of approximately $83.2 million after deducting underwriting discounts and commissions and estimated expenses. Barclays Capital Inc. served as sole bookrunning manager for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS), served as lead manager. Compass Point Research & Trading, LLC served as co-manager. The Company expects to use the net proceeds of this offering to acquire certain of its 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 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 Barclays Capital Inc. at the address below: