arlington asset investment-a (AI) Key Developments
Arlington Asset Investment Corp., Annual General Meeting, Jul 15, 2014
Jun 13 14
Arlington Asset Investment Corp., Annual General Meeting, Jul 15, 2014., at 10:00 US Eastern Standard Time. Location: 1001 Nineteenth Street North. Agenda: To consider the company's 2014 Long-Term Incentive Plan.
Arlington Asset Investment Corp. Declares Dividend for the Second Quarter of 2014, Payable on July 31, 2014
Jun 11 14
Arlington Asset Investment Corp. announced that its Board of Directors declared a quarterly dividend of $0.875 per share for the second quarter of 2014. The dividend will be payable on July 31, 2014 to shareholders of record on June 30, 2014. The ex-dividend date is June 26, 2014. This dividend is consistent with its variable dividend policy pursuant to which the board of directors evaluates dividends on a quarterly basis and, in its sole discretion, may approve the payment of dividends.
Arlington Asset Investment Corp. Announces Management Changes
Jun 11 14
Arlington Asset Investment Corp. announced the appointment of J. Rock Tonkel, Jr. as Chief Executive Officer (CEO) effective immediately. Mr. Tonkel has served as the President and Chief Operating Officer of the company, a member of the company's Board of Directors and a member of the company's Investment Committee since 2007. He succeeds Eric F. Billings, who co-founded the company in 1989, and is retiring after serving as CEO and co-CEO since 1997. Mr. Billings will continue to serve as the Executive Chairman of the Board as well as the Chairman of the company's Investment Committee. Mr. Tonkel will also continue to serve as President of the company, as a director for the remainder of his term and as a member of the Investment Committee.
Arlington Asset Investment Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014
Apr 28 14
Arlington Asset Investment Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced interest income of $23,867,000 compared to $18,328,000 for the same period a year ago. Net interest income was $21,582,000 compared to $16,724,000 for the same period a year ago. Operating income before other expenses was $15,668,000 compared to $3,191,000 for the same period a year ago. Income before income taxes was $11,513,000 compared to loss before income taxes of $585,000 for the same period a year ago. Net income was $7,033,000 compared to $3,177,000 for the same period a year ago. Diluted earnings per share were $0.41 compared to $0.23 for the same period a year ago. At the end of the period book value per share was $31.50 compared to $33.10 for the same period a year ago. Non-GAAP core operating income was $20,114,000 compared to $14,620,000 for the same period a year ago.
Arlington Asset Investment Corp. to Report Q1, 2014 Results on Apr 28, 2014
Apr 24 14
Arlington Asset Investment Corp. announced that they will report Q1, 2014 results on Apr 28, 2014