Arlington Asset Investment Corp.

Investment ManagementUnited States11-50 Employees

Arlington Asset Investment Corp. (NYSE: AAIC) was a real estate investment trust ("REIT") that focused primarily on investing in mortgage related assets and residential real estate.  The Company's targeted investments were agency mortgage-backed securities ("MBS"), mortgage servicing rights ("MSRs"), mortgage credit investments and single-family residential ("SFR") rental properties.

On December 14, 2023, the Company closed on a merger transaction with Ellington Financial Inc. (NYSE: EFC) whereby the Company was merged into Ellington.

The Company's agency MBS consisted of residential mortgage pass-through certificates for which the principal and interest are guaranteed by a U.S. Government enterprise such as Fannie Mae or Freddie Mac.  The Company's MSR related assets represented investments for which the return was based on the economic performance of a pool of specific Fannie Mae or Freddie Mac MSRs.  An MSR provides a mortgage servicer with the right to service a pool of residential mortgage loans in exchange for a portion of the the interest payments made on the underlying residential mortgage loans.  The Company's mortgage credit investments generally included investments in mortgage loans secured by either residential or commercial real property or MBS collateralized by residential or commercial mortgage loans.  The Company's SFR investment strategy was to acquire, lease and operate singe-family residential homes as rental properties.

Prior to its merger with Ellington Financial Inc., the Company's common stock was publicly traded on the New York Stock Exchange under the symbol "AAIC." The Company was an internally managed company and did not have an external investment adviser.

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