Arlington Asset Investment Corp (NYSE: AAIN) operates as a real estate investment trust that acquires and manages a portfolio of mortgage-related assets and residential real estate, including mortgage servicing right related assets; credit investments in non-agency mortgage-backed securities and residential or commercial mortgage loans; single-family residential properties; and agency mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Fannie Mae and Freddie Mac. The company, founded in 1989 and headquartered in McLean, Virginia, in the Washington, D.C. metropolitan area, funds its leveraged investments primarily through short-term repurchase agreements and employs hedging strategies to manage interest rate risk across its asset classes. In December 2023, it completed a merger with Ellington Financial Inc., adding low-coupon mortgage servicing rights and preferred equity to bolster the combined entity's balance sheet, scale, and market capitalization while enabling greater operating efficiencies; the company also delisted its senior notes from the NYSE in connection with the transaction, with trading of certain notes ceasing in early 2024.