Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, November 14, 5:56 AM
Slide #204. Arlington Asset Investment Corp. — Preferred Stock Offering
| Company: |
Arlington Asset Investment Corp. (NYSE:AI) |
| Date announced: |
3/5/2019 |
| Shares Offered: |
1,200,000 |
| Date of Pricing: |
3/5/2019 |
| Price Per Share: |
$25.00 |
| 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, Inc. is an enterprise artificial intelligence (NYSE:AI) application software company. Co. has built a solution that enables its customers to rapidly develop, deploy, and operate enterprise AI applications. It offers families of software solutions, which it collectively refers to as its C3 AI software: The C3 AI Platform, C3 AI Applications, and C3 Generative AI. The C3 AI Platform, its core technology, is a comprehensive, end-to-end application development and runtime environment that is designed to allow its customers to rapidly design, develop, and deploy Enterprise AI applications of any type.
Preferreds: AI.PRB, AI.PRC
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