AAIC-C Arlington Asset Investment Corp 8.250% Series C Fixed-to-Floating Rate Cumulative Preferred
Cumulative cash dividends (i) from and including the original issue date to, but excluding, March 30, 2024 at a fixed rate equal to 8.250% per annum and (ii) from and including March 30, 2024, at a floating rate equal to three-month LIBOR plus a spread of 5.664% per annum. Dividends will be payable quarterly in arrears on the 30th day of March, June, September and December of each year, when and as declared, beginning on June 30, 2019. On or after March 30, 2024, we may, at our option, redeem any or all of the shares of the Series C Preferred Stock at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date. This security was issued by Arlington Asset Investment Corp Class A , whose common stock symbol is AAIC.
$20.25 -0.33 (-1.62%)
As of 03/24/2023 16:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: REIT—Mortgage
Index country: China
Country of incorporation: USA
IPO date: 03/06/2019
Outstanding shares: 1,200,000
Average volume: 425
Market cap: $24,864,000
Current dividend yield: 9.95% calculation
Initial coupon rate: 8.250%
Spread to LIBOR: 0.056640
Cumulative: Yes
Liquidation value: $25.00
Callable after: 01/01/1900
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: