On June 6, 2019, Eric F. Billings informed the Board of Directors of Arlington Asset Investment Corp. that he will retire as Executive Chairman of the company after 30 years of service on December 31, 2019. Following his retirement, Mr. Billings will no longer serve on the Board nor will he be an employee of the Company. Mr. Billings will become a consultant to the company on January 1, 2020, for a two-year term. Mr. Billings is expected to continue in his current role as Executive Chairman until December 31, 2019.