ARLINGTON ASSET INVESTMENT CORP. (NYSE:AI) Files An 8-K Results of Operations and Financial Condition

Item 2.02.

Arlington Asset Investment Corp. (the Company) issued a press
release on April 25, 2017 announcing its financial results for
the quarter ended March 31, 2017. A copy of the press release is
attached hereto as Exhibit 99.1.

The information in Item 2.02 of this Current Report on Form 8-K,
including Exhibit 99.1 furnished 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 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 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, credit
performance of private-label MBS, 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 common stock or senior
notes, 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; our ability to forecast our tax attributes, which are
based upon various facts and assumptions, and our ability to
protect and use our net operating losses and net capital lossesto
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 decision to not elect to be taxed as a
real estate investment trust under the Internal Revenue Code;
competition for investment opportunities, including competition
from the U.S. Department of Treasuryand the U.S. Federal Reserve,
for investments in agency MBS, as well as the timing of the
termination by the U.S. Federal Reserve of its purchases of
agency MBS; the federal conservatorship of the Federal National
Mortgage Association (Fannie Mae) and the Federal Home Loan
Mortgage Corporation (Freddie Mac) and related efforts, along
with any changes in laws and regulations affecting the
relationship between Fannie Mae and Freddie Mac and the federal
government; mortgage loan prepayment activity, modification
programs and future legislative action; changes in, and success
of, our acquisition, hedging and leverage strategies, changes in
our asset allocation and changes in our operational policies, all
of which may be changed by us without shareholder approval;
failure of sovereign or municipal entities to meet their debt
obligations or a downgrade in the credit rating of such debt
obligations; fluctuations of the value of our hedge instruments;
fluctuating quarterly operating results; changes in laws and
regulations and industry practices that may adversely affect our
business; volatility of the securities markets and activity in
the secondary securities markets in the United States and
elsewhere; our ability to successfully expand our business into
areas other than investing in MBS; changes in, and our ability to
remain in compliance with, law, regulations or governmental
policies affecting our business; and the factors described in the
sections entitled Risk Factors in our Annual Report on Form 10-K
for the year ended December 31, 2016, subsequent Quarterly
Reports on Form 10-Q and other documents filed by the Company
with the SEC from time to time.All forward-looking statements
speak only as of the date on which they are made. New risks and
uncertainties arise over time, and it is not possible to predict
those events or how they may affect us. Except as required by
law, the Company is not obligated to, and does not intend to,
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

About ARLINGTON ASSET INVESTMENT CORP. (NYSE:AI)

Arlington Asset Investment Corp. is a principal investment firm. The Company acquires and holds a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. The Company may invest in other types of residential mortgage assets, such as residential mortgage loans, mortgage servicing rights and government sponsored enterprise (GSE) credit risk transfer securities, as well as other types of assets, including commercial MBS, asset backed securities, other structured securities, commercial mortgage loans, commercial loans, and other real estate-related loans and securities. The Company’s Agency MBS include residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a United States Government agency or GSE, such as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Its subsidiary is Rosslyn REIT Trust, which is a real estate investment trust.

ARLINGTON ASSET INVESTMENT CORP. (NYSE:AI) Recent Trading Information

ARLINGTON ASSET INVESTMENT CORP. (NYSE:AI) closed its last trading session up +0.03 at 14.49 with 450,375 shares trading hands.