AIC News and Press, Arlington Asset Investment Corp 6.750% Notes due 2025 From 07/16/23

2023-07-16 09:00:00 ET Summary U.S. equity markets advanced to their highest levels of the year on an "inflation week" rally after the closely-watched CPI and PPI reports showed a continued sharp cooldown in price pressures. Closing at the highest levels since April 2022, the S&am...

2023-07-15 15:00:00 ET Summary We take a look at the action in preferreds and baby bonds through the first week of July and highlight some of the key themes we are watching. Preferreds were down on the week as higher Treasury yields took their toll. We discuss some of the diff...

2023-07-07 09:18:08 ET Summary Many investors oversimplify the investment process with respect to duration by thinking about the concept on a single spectrum. They also overly focus on today's yield rather than considering reinvestment risk as well as capital gains consequences. ...

2023-07-02 09:00:00 ET Summary U.S. equity markets closed-out a volatile first-half at their highest-levels of the year as investors cheered data showing continued resilience in economic activity alongside further signs of cooling inflationary pressure. Rebounding from its worst w...

2023-06-29 11:13:37 ET Summary This article compares Annaly Capital Management, Inc.’s recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 19 mREIT peers. This includes an analysis of Annaly’s quarterly estimated REIT ta...

2023-06-27 10:00:00 ET Summary Recovering from a sharp sell-off in the wake of the Silicon Valley and First Republic Bank collapses, Mortgage REITs have rebounded as turmoil across interest rate markets has calmed. Distress in the commercial and residential real estate markets has...

2023-06-24 10:20:27 ET Summary We take a look at the action in preferreds and baby bonds through the third week of June and highlight some of the key themes we are watching. Preferreds were roughly flat as higher Treasury yields were offset by tighter credit spreads. We take a...

2023-06-15 11:16:54 ET Summary Baby bonds remain attractive options in income portfolios. We take a look at the investment case and highlight a pitfall in calculating baby bond yields. We close with a number of ideas. This article was first released to Systematic Incom...

2023-06-14 13:28:58 ET Summary Part 1 of this article compares NLY’s recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers. Due to what has occurred during the second quarter of 2023 (f...

2023-06-09 03:42:30 ET Summary Ellington Financial and Arlington Asset Investment announced a merger proposal. We discuss the implications for AAIC senior securities: two baby bonds and two preferreds. AIC and AAIC.PC remain compelling high single-digit yield holdings with AIC...