ARLINGTON, Va., May 31, 2016 /PRNewswire/ -- Arlington Asset Investment Corp. (NYSE: AI) (the "Company" or "Arlington") today announced that the two leading independent proxy advisory firms, Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), have recommended that Arlington shareholders vote "FOR ALL" eight of Arlington's highly-qualified and experienced director nominees – Eric F. Billings, J. Rock Tonkel, Jr., Daniel J. Altobello, Daniel E. Berce, David W. Faeder, Peter A. Gallagher, Ralph S. Michael, III and Anthony P. Nader, III – on the WHITE proxy card at the Company's Annual Meeting of Stockholders on June 9, 2016.
In its May 28, 2016 report, ISS concluded1:
In its May 27, 2016 report, Glass Lewis concluded1:
In supporting ALL of Arlington's nominees to the Board at the 2016 Annual Meeting, ISS also stated in its May 28, 2016 report1:
In supporting ALL of Arlington's nominees to the Board at the 2016 Annual Meeting, Glass Lewis also stated in its May 27, 2016 report1:
Commenting on the ISS and Glass Lewis reports, Arlington issued the following statement:
The unanimous recommendations from ISS and Glass Lewis to vote FOR ALL eight of Arlington's highly qualified directors underscores our belief that we have the right Board of Directors, the right management team – the right management structure – and the right strategy to continue delivering significant long-term value to Arlington shareholders. Since beginning its current investment strategy, the Company has delivered 25 consecutive quarters of dividends, distributing a total of $19.40 per share, and we believe the Company's conservatively hedged investment portfolio is well-positioned in an environment where interest rates are expected to rise.
Both ISS and Glass Lewis highlight the significant risk to Arlington shareholders if the Imation Corp. (NYSE: IMN) and Clinton Group, Inc. (collectively, the "Imation Group") nominees are elected, including the track record of value destruction at Imation Corp. since the Clinton Group took control of Imation that includes questionable self-dealing transactions.
We strongly urge shareholders to follow ISS's and Glass Lewis' recommendations and vote FOR Arlington's director nominees – Eric F. Billings, J. Rock Tonkel, Jr., Daniel J. Altobello, Daniel E. Berce, David W. Faeder, Peter A. Gallagher, Ralph S. Michael, III and Anthony P. Nader, III.
Arlington shareholders are reminded that their vote is extremely important, no matter how many or how few shares they own. Arlington recommends that shareholders reelect the Company's current leaders by voting the WHITE proxy card today "FOR ALL" of Arlington's highly-qualified and experienced director nominees.
Your Vote Is Important, No Matter How Many or How Few Shares You Own
About Arlington Asset Investment Corp.
Arlington Asset Investment Corp. (NYSE: AI) is a principal investment firm that currently invests primarily in mortgage-related and other assets. The Company is headquartered in the Washington, D.C. metropolitan area. For more information, please visit www.arlingtonasset.com.
Important Additional Information
The Company, its directors and certain of its executive officers are participants in the solicitation of proxies in connection with the Company's 2016 Annual Meeting of Shareholders. The Company has filed a definitive proxy statement and form of WHITE proxy card with the U.S. Securities and Exchange Commission (the "SEC") in connection with such solicitation of proxies from the Company's shareholders. WE URGE INVESTORS TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION.
Information regarding the names of the Company's directors and executive officers and their respective interests in the Company by security holdings or otherwise as of April 7, 2016, is set forth in the Company's definitive proxy statement for its 2016 Annual Meeting of Shareholders, filed with the SEC on April 18, 2016. Additional information can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, filed with the SEC on February 16, 2016. These documents are available free of charge at the SEC's website at www.sec.gov.
Shareholders will be able to obtain, free of charge, copies of these documents, including any proxy statement (and amendments or supplements thereto) and accompanying WHITE proxy card, and other documents filed with the SEC at the SEC's website at www.sec.gov. In addition, copies will also be available at no charge at the Investors section of the Company's website at http://www.arlingtonasset.com/.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain statements in this communication that are not historical facts are forward-looking statements. Forward-looking statements involve various important assumptions, risks and uncertainties. Actual results may differ materially from those predicted by the forward-looking statements because of various factors and possible events. We discuss these factors and events, along with certain other risks, uncertainties and assumptions, under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2015, and in our other filings with the SEC. We note these factors for investors as contemplated by the Private Securities Litigation Reform Act of 1995. Predicting or identifying all such risk factors is impossible. Consequently, investors should not consider any such list to be a complete set of all potential risks and uncertainties. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update any forward-looking statement to reflect circumstances or events that occur after the date of the statement to reflect unanticipated events. All subsequent written and oral forward-looking statements attributable to us or any person acting on behalf of the Company are qualified by the cautionary statements in this section.
1 Permission to use quotations neither sought nor obtained.
SOURCE Arlington Asset Investment Corp.