Item 2.02. Results of Operations and Financial Condition.
The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 furnished pursuant to Item 9.01, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that Section. Furthermore, the information in this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
Item 7.01Regulation FD Disclosure.
The Company has posted an updated investor presentation to its website, www.arlingtonasset.com. A copy of the slide presentation is attached as Exhibit 99.2 hereto and incorporated herein by reference. The foregoing information is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in filings under the Securities Act of 1933.
Forward-Looking Statements Disclaimer
This Current Report on Form 8-K contains "forward-looking statements" made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, including statements regarding future results or
expectations about our investments, interest rates, portfolio allocation,
dividends, financing agreements, returns on invested capital, investment
strategy, taxes, portfolio, earnings, book value, housing market, compensation,
growth in capital, agency mortgage-backed security ("MBS") spreads, prepayments,
hedging instruments, duration, cash flow and benefit of deferred tax asset
value. Forward-looking statements can be identified by forward-looking language,
including words such as "believes," "anticipates," "views," "expects,"
"estimates," "intends," "may," "plans," "projects," "potential," "prospective,"
"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. Forward-looking statements are also based on
predictions as to future facts and conditions, the accurate prediction of which
may be difficult and involve the assessment of events beyond our
control. Forward-looking statements are further based on various operating and
return assumptions. Caution must be exercised in relying on forward-looking
statements. Due to known and unknown risks, actual results may differ materially
from expectations or projections. You should carefully consider these risks when
you make a decision concerning an investment in our securities, along with the
following factors, among others, that may cause our actual results to differ
materially from those described in any forward-looking statements: availability
of, and our ability to deploy, capital; growing our business primarily through
our current strategy of focusing on acquiring primarily agency MBS and mortgage
credit investments; credit risks underlying the Company's assets, especially
related to the Company's mortgage credit investments; our ability to forecast
our tax attributes, which are based upon various facts and assumptions, our
ability to protect and use our net operating losses and net capital losses to
offset future taxable income, including whether our shareholder rights plan will
be effective in preventing an ownership change that would significantly limit
our ability to utilize such losses; our business, acquisition, leverage, asset
allocation, operational, investment, hedging and financing strategies and the
success of these strategies; the effect of changes in prepayment rates, interest
rates and default rates on our portfolio; the effect of governmental regulation
and actions; our ability to roll our repurchase agreements on favorable terms,
if at all; our liquidity; our asset valuation policies; our decisions with
respect to, and ability to make, future dividends; investing in assets other
than MBS or pursuing business activities other than investing in MBS; our
ability to maintain our exclusion from the definition of "investment company"
under the Investment Company Act of 1940, as amended; our ability to qualify and
maintain our qualification as a real estate investment trust under the Internal
Revenue Code; competition for investment opportunities, including competition
from the
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. 99.1Arlington Asset Investment Corp. Press Release datedFebruary 18, 2020 . 99.2 Fourth Quarter 2019 Investor Presentation.
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