Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sun, December 5, 6:40 AM
|This Slide: #120 of 573|
Slide #120. Arlington Asset Investment Corp. — Preferred Stock Offering
Arlington Asset Investment Corp. (NYSE:AI)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Arlington Asset Investment Corp. (NYSE: AI) (the "Company") announced today that it has priced an underwritten registered public offering of 1,200,000 shares of its 8.250% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of $30.0 million, before deducting underwriting discounts and other estimated offering expenses. The offering is expected to close on March 12, 2019, subject to customary closing conditions. The Company intends to apply to list the Series C Preferred Stock on the New York Stock Exchange under the symbol "AI PrC." The Company has granted the underwriters an option for 30 days to purchase up to an additional 180,000 shares of the Series C Preferred Stock to cover over-allotments, if any.
C3.ai is an enterprise artificial intelligence, or AI, software provider for accelerating digital transformation. The C3 AI Suite supports the value chain in various industries with prebuilt and configurable AI applications for business use cases including predictive maintenance, fraud detection, sensor network health, supply network optimization, energy management, anti-money laundering, and customer engagement. Co. supports customers in the United States, Europe, and the rest of the world.
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Buy (2.56 out of 4)
(ranked lower than approx. 94% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com