Arlington Asset Investment 7% Series B Cumulative Perpetual Redeemable Preferred Stock

Issue came to market at $24/share

Ticker Symbol Changed 10/26/2020

Ticker: AAIC-B

Parent Ticker: AAIC

OTC Grey Market Temporary Ticker: NA

Issuance Date: 05/05/2017

1st Call Date: 05/12/2022

Maturity Date: None

Shares Issued: 135,000

Overallotment Shares: 0

Coupon: 7.00%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.4375

Ex-Dividend Months: FEB, MAY, AUG, NOV

Approx. Ex-Dividend Day: 26

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 30

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR