Arlington Asset Investment (AI) Prices 3M Shares at $25.50 - InvestingChannel

Arlington Asset Investment (AI) Prices 3M Shares at $25.50

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Arlington Asset Investment Corp. (NYSE: AI) priced an underwritten registered public offering of 3,000,000 shares of Class A common stock at a public offering price of $25.50 per share.

The Company has granted the underwriters an option for 30 days to purchase up to an additional 450,000 shares of Class A common stock.

Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are serving as joint bookrunning managers for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), and Compass Point Research & Trading, LLC, are serving as co-managers

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