Acquisition | ARLINGTON ASSET INVESTMENT CORP | 14th December 2023
Initially announced on May 30, 2023 ELLINGTON FINANCIAL INC made a cash and stock offer for ARLINGTON ASSET INVESTMENT CORP of USD 0.09 and 0.3619 shares per ARLINGTON ASSET INVESTMENT CORP share held. The completion of the event is pending the approval of ARLINGTON ASSET INVESTMENT CORP shareholders on December 12, 2023. Pending the completion of customary closing conditions, the Acquisition is expected to be completed on December 14, 2023.
The treatment below will be applied to the following indices:
- ARLINGTON ASSET INVESTMENT CORP will be removed from the Index.
- The shares of ELLINGTON FINANCIAL INC (EFC.N) will be increased according to the stock terms of the transaction.
- The cash portion of the transaction will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 14/12/2023
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