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Arlington Asset Investment to elect REIT status

Dec 31, 2018 - SNL Financial

Arlington Asset Investment Corp.'s board approved a plan to change the company's federal tax classification to a real estate investment trust.

"With the expectation that Arlington would utilize its net operating loss carryforwards as a C corporation in 2019, the [board] believes that the company's plan to elect to be taxed as a REIT is the best long-term tax structure for both Arlington and its shareholders," said J. Rock Tonkel Jr., the company's President and CEO. "Remaining tax loss car...