Arlington Asset Investment Corp. Declares $0.875 per Share Dividend for the Third Quarter of 2011

ARLINGTON, Va., Sept. 19, 2011 /PRNewswire/ -- Arlington Asset Investment Corp. (NYSE: AI) today announced that its Board of Directors declared a quarterly dividend of $0.875 per share for the third quarter of 2011.  The dividend will be payable on October 31, 2011 to shareholders of record on September 30, 2011.  The ex-dividend date is September 28, 2011.  This dividend is consistent with our 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.

About the Company

Arlington Asset Investment Corp. (NYSE: AI) is a principal investment firm that invests 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.

Certain statements in this press release are forward-looking as defined by the Private Securities Litigation Reform Act of 1995.  These include statements regarding dividend payments.  Forward-looking statements can be identified by forward-looking language, including words such as "believes," "anticipates," "expects," "estimates," "intends," "may," "plans," "projects," "will" and similar expressions, or the negative of these words. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made and predictions as to future facts and conditions, the accurate prediction of which may be difficult and involve the assessment of events beyond the control of the Company and its subsidiaries.  Due to known and unknown risks, including the risk that the assumptions on which the forward-looking statements are based prove to be inaccurate, actual results may differ materially from expectations or projections.  These risks also include those described in our Annual Report on From 10-K for the year ended December 31, 2010 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, each of which has been filed with the Securities and Exchange Commission.  For example, pursuant to the Company's variable dividend policy, the amount and timing of any distributions the Company may make is in the sole discretion of the Board of Directors.  There can be no assurance that the Board of Directors will continue to approve the payment of dividends and the amount of any dividends may vary significantly.  Readers of this press release are cautioned to consider these risks and uncertainties and not to place undue reliance on any forward-looking statements.  The Company does not undertake any obligation to update any forward-looking statement, whether written or oral, relating to matters discussed in this press release, except as may be required by applicable securities laws.

SOURCE Arlington Asset Investment Corp.

For further information: Media: 877-370-4413, ir@arlingtonasset.com, or Investors: Kurt Harrington, 877-370-4413, ir@arlingtonasset.com