Arlington Asset Investment Corp. Announces Redemption of All Outstanding 6.625% Senior Notes due 2023
Arlington Asset Investment Corp. (NYSE: AAIC) announced a notice of redemption for all outstanding 6.625% Senior Notes due 2023, amounting to $23,821,025.
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Rhea-AI Summary
Arlington Asset Investment Corp. (NYSE: AAIC) announced a notice of redemption for all outstanding 6.625% Senior Notes due 2023, amounting to $23,821,025. The redemption will occur on August 6, 2021, at a price of $25 per $25 principal amount, plus accrued interest. This move indicates the company's financial management strategy amidst market conditions. Investors are advised to consider potential risks associated with these forward-looking statements, as detailed in the Company’s filings with the SEC.
Positive
- Issuing a notice of redemption could indicate strong liquidity management.
- Reduction of outstanding debt could improve financial stability.
Negative
- The need for redemption may highlight potential cash flow concerns.
- Forward-looking statements carry inherent risks that could affect investor confidence.
Details
News Market Reaction – AAIC
The recorded move for AAIC in the trading session of this news was +0.52%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MCLEAN, Va., July 7, 2021 /PRNewswire/ -- Arlington Asset Investment Corp. (NYSE: AAIC) (the "Company"), today announced that it has issued a notice of redemption (the "Redemption") for all
Questions relating to the Redemption should be directed to the Depository Trust & Clearing Corporation at 1-888-382-2721.
About Arlington Asset Investment Corp.
The Company currently invests in mortgage-related and other assets and has elected to be taxed as a REIT. The Company is headquartered in the Washington, D.C. metropolitan area.
Cautionary Language Regarding Forward-Looking Statements
Certain statements in this press release are forward-looking as defined by the Private Securities Litigation Reform Act of 1995. These include statements regarding redemption of the Senior Notes. Forward-looking statements can be identified by forward-looking language, including words such as "believes," "expects," "anticipates," "estimates," "plans," "continues," "intends," "should", "may," and similar expressions. Due to known and unknown risks, including the risk that the assumptions on which the forward-looking statements are based prove to be inaccurate, actual results may differ materially from expectations or projections. These risks also include those described in the Company's most recent Annual Report on Form 10-K and any other documents filed by the Company with the Securities and Exchange Commission (the "SEC") from time to time, which are available from the Company and from the SEC, and you should read and understand these risks when evaluating any forward-looking statement. Readers of this press release are cautioned to consider these risks and uncertainties and not to place undue reliance on any forward-looking statements. The Company does not undertake any obligation to update any forward-looking statement, whether written or oral, relating to matters discussed in this press release, except as may be required by applicable securities laws.
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SOURCE Arlington Asset Investment Corp.
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