Arlington Asset Inv. (AI) Approves 2M Common Offering
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Price: $9.06 -3.92%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 16.5%
EPS Growth %: +32.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 16.5%
EPS Growth %: +32.4%
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Arlington Asset Investment Cor (NYSE: AI) announced today that it has commenced an underwritten registered public offering of 2,000,000 shares of Class A common stock.
The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 300,000 shares of Class A common stock to cover over-allotments, if any. Barclays Capital Inc. will serve as sole bookrunning manager for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), will serve as lead manager. Compass Point Research & Trading, LLC will serve as co-manager.
The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 300,000 shares of Class A common stock to cover over-allotments, if any. Barclays Capital Inc. will serve as sole bookrunning manager for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), will serve as lead manager. Compass Point Research & Trading, LLC will serve as co-manager.
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