ARLINGTON, Va., Sept. 4, 2014 -- ARLINGTON, Va., Sept. 4, 2014 /PRNewswire/ -- Arlington Asset Advance Corp. (NYSE: AI) (the "Company") appear today that it has priced an underwritten registered accessible alms of 2,750,000 shares of Class A accepted banal at a accessible alms amount of $27.61 per share. The Company has accepted the underwriters an advantage for 30 canicule to acquirement up to an added 412,500 shares of Class A accepted stock. Credit Suisse Balance (USA) LLC, Barclays, Morgan Stanley, RBC Basic Markets, LLC and Keefe, Bruyette & Woods, a Stifel Company are confined as collective bookrunning managers for the offering. The alms is accountable to accepted closing altitude and is accepted to abutting on Tuesday, September 9, 2014.
The Company expects to use the net gain of this alms to obtain assertive of the Company's ambition assets, including residential mortgage-backed balance ("MBS") issued by U.S. government agencies or affirmed as to arch and absorption by U.S. government agencies or U.S. government-sponsored entities and MBS issued by clandestine organizations. The Company may additionally use the net gain for accepted alive basic purposes.
The shares of Class A accepted banal will be offered beneath the Company's absolute shelf allotment account on Form S-3, which was declared able by the Balance and Exchange Commission. The alms of these shares will be fabricated alone by agency of a announcement supplement and accompanying abject prospectus, which will be filed with the Balance and Exchange Commission. Copies of the announcement supplement and accompanying abject announcement accompanying to this alms may be acquired by contacting Credit Suisse Balance (USA) LLC, Barclays, Morgan Stanley, RBC Basic Markets, LLC and Keefe, Bruyette & Woods, a Stifel Company at the addresses below:
Credit Suisse Balance (USA) LLC Attention: Announcement Department One Madison Avenue, New York, NY 10010 telephone: (800) 221-1037 email: newyork.prospectus@credit-suisse.com
Barclays Basic Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Barclaysprospectus@broadridge.com (888) 603-5847
Morgan Stanley & Co. LLC 180 Varick Street, 2nd Floor New York, NY 10014 Attention: Announcement Dept. Email: prospectus@morganstanley.com Telephone: (866) 718-1649
RBC Basic Markets, LLC Three World Financial Center, 8th Floor 200 Vesey Street New York, NY 10281 Attn: Equity Syndicate Tel: (877) 822-4089
Keefe, Bruyette & Woods, Inc., A Stifel Company Attention: Equity Basic Markets 787 Seventh Ave., 4th Floor New York, New York 10019 1-(800)-966-1559
This columnist absolution shall not aggregate an action to advertise or the address of an action to buy the offered shares or any added securities, nor shall there be any auction of such shares or any added balance in any accompaniment or added administration in which such offer, address or auction would be actionable above-mentioned to allotment or accomplishment beneath the balance laws of any such accompaniment or added jurisdiction.
About Arlington Asset Advance Corp.
Arlington Asset Advance Corp. (NYSE: AI) is a arch advance close that currently invests primarily in mortgage-related and added assets. The Company is headquartered in the Washington, D.C. city area.
Forward-Looking Statements
This columnist absolution contains advanced statements aural the acceptation of the safe anchorage accoutrement of the Clandestine Balance Litigation Reform Act of 1995. These accommodate statements apropos the Company's planned alms of accepted stock and the advancing use of proceeds. Advanced statements can be articular by advanced language, including words such as "believes," "anticipates," "expects," "estimates," "intends," "may," "plans," "projects," "will" and agnate expressions, or the abrogating of these words. Due to accepted and alien risks, including the accident that the assumptions on which the advanced statements are based prove to be inaccurate, absolute after-effects may alter materially from expectations or projections. These risks additionally accommodate those declared in the Company's Annual Report on Form 10-K for the year concluded December 31, 2013, which has been filed with the Balance and Exchange Commission. Readers of this columnist absolution are cautioned to accede these risks and uncertainties and not to abode disproportionate assurance on any advanced statements. The Company does not undertake any obligation to amend any advanced statement, whether accounting or oral, apropos to affairs discussed in this columnist release, except as may be appropriate by applicative balance laws.
SOURCE Arlington Asset Advance Corp.
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