Arlington Asset Investment Corp. Announces Overwhelming Shareholder Support for Arlington's Full Director Slate

ARLINGTON, Va., June 9, 2016 /PRNewswire/ -- Arlington Asset Investment Corp. (NYSE: AI) (the "Company" or "Arlington") today announced that, based on the preliminary vote count provided by its proxy solicitor following the Company's 2016 Annual Meeting of Shareholders, shareholders have overwhelmingly voted to elect ALL of 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 – to the Arlington Board of Directors.

J. Rock Tonkel, Jr., President and Chief Executive Officer of Arlington, said, "On behalf of our Board of Directors and management, we would like to thank our shareholders for their support throughout this process. Above all, our Board and management team are focused on continuing to drive strong returns and value creation for all Arlington shareholders. We look forward to continuing to engage with our shareholders and appreciate their input."

Preliminary results have also indicated that shareholders have voted to (1) ratify the appointment of the Company's independent registered public accounting firm for 2016 and (2) reject a shareholder proposal to amend the Company's Amended and Restated Bylaws.

The Company will file preliminary voting results with the Securities and Exchange Commission ("SEC") on a Form 8-K within four business days, and final voting results will be filed on a Form 8-K once they are certified by the independent inspector of elections.

Advisors
Credit Suisse Securities (USA) LLC is serving as financial advisor and Wachtell, Lipton, Rosen & Katz and Hunton & Williams LLP are serving as legal counsel to Arlington.

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.

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.

SOURCE Arlington Asset Investment Corp.

For further information: Investors: Richard Konzmann, 703.373.0200, ir@arlingtonasset.com; or Innisfree M&A Incorporated: Jonathan Salzberger /Scott Winter, both at 212-750-5833; or Media: Joele Frank, Wilkinson Brimmer Katcher: Steve Frankel / James Golden / Nick Lamplough, all at 212-355-4449