Arlington Asset Investment Prices Stock Offering
Arlington Asset Investment Corp. has priced a public offering of 3 million shares of common stock at a public offering price of $25.50 per share.
The company granted the underwriters an option for 30 days to purchase up to an additional 450,000 shares of Class A common stock. The offering is expected to close on Wednesday, March 13, subject to customary closing conditions.
Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are joint bookrunning managers for the offering. Ladenburg Thalmann & Co. and Compass Point Research & Trading LLC are serving as co-managers.