Arlington Asset Investment Announces Senior Notes Offering

Arlington Asset Investment AI announced today that it has commenced an underwritten registered public offering of its Senior Notes due 2023 (the "Notes"). MLV & Co. LLC, JMP Securities LLC, Maxim Group LLC, National Securities Corporation, Northland Capital Markets and Compass Point Research & Trading LLC are acting as underwriters to offer and sell the Notes on a "best efforts" basis. 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 Notes will be 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 Notes will be 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 MLV & Co. LLC or JMP Securities at the addresses below: MLV & Co. LLC Attention: Randy Billhardt 1251 Avenue of the Americas, 41st Floor New York, New York 10020 telephone: (212) 542-5882 email: rbillhardt@mlvco.com JMP Securities LLC Attention: Prospectus Department 600 Montgomery Street, 10th Floor San Francisco, CA 94111 This press release shall not constitute an offer to sell or the solicitation of an offer to buy the offered Notes or any other securities, nor shall there be any sale of such Notes 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. Northland Capital Markets is the trade name for certain equity capital markets and investment banking activities of Northland Securities, Inc., member FINRA/SIPC. About Arlington Asset Investment Corp. Arlington Asset Investment Corp. is a principal investment firm that invests in mortgage-related and other assets. The Company is headquartered in the Washington, D.C. metropolitan area.