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FBR has been doing business underf the Arlington Asset Investment namesince February. The name changee will become officialJune 10. It will also begin tradingg on the New York Stock Exchangs under the new tickersymbol “AI” on the same day. Arlingtobn Asset Management announced the changes as part of a numbefr of corporate actions approved by investors at its annua l shareholder meetingJune 1. It also includes the adoptionj of a shareholder rights plan designed to reduce the likelihoo d of a takeover through investors buyinfgup stock.
“These actionss are in furtherance of the strategic shift of the companyy initiated by recently selling its control positiohnin ,” Arlington Asset said in a Arlington Asset will use proceedzs from selling its stake in FBR Capital Marketsx to invest in government guaranteed mortgage-backed securitiexs and says “it may also consider opportunities for financiall service operating businesses potentially in the form of a bank FBR (NYSE: FBR), which reported its first profitable quarte r after two years of has lost 75 percent of its markegt value in the last Its stock now trades at 47 cents per share.
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