EX-4.1



 Exhibit 4.1 

SEE REVERSE FOR IMPORTANT NOTICE ON TRANSFER 

RESTRICTIONS AND OTHER INFORMATION 

CERTIFICATE OF STOCK 
 ARLINGTON
ASSET INVESTMENT CORP. 
 INCORPORATED UNDER THE LAWS OF 

THE COMMONWEALTH OF VIRGINIA 
  

			
	NUMBER	  	SHARES                    

 7.00% SERIES B CUMULATIVE PERPETUAL REDEEMABLE PREFERRED STOCK 

SEE REVERSE FOR 
 CERTAIN DEFINITIONS 

CUSIP 041356 601 
 THIS CERTIFIES THAT
                                         
                    is the owner of
                                         
                    FULLY PAID AND NONASSESSABLE SHARES OF THE 7.00% SERIES B CUMULATIVE PERPETUAL REDEEMABLE PREFERRED STOCK, $0.01 PAR VALUE, OF
ARLINGTON ASSET INVESTMENT CORP., a Virginia corporation (the “Corporation”) transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney, upon surrender of this Certificate properly endorsed.
This Certificate and the shares represented hereby are issued and shall be held subject to all the provisions of the Charter and Bylaws of the Corporation, each as amended (copies of which are on file at the office of the Transfer Agent), to all of
which the holder of this Certificate by acceptance hereof assents. This Certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar. 

WITNESS the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers. 

Dated: **SPECIMEN** 
  

			
	[SEAL OF ARLINGTON ASSET INVESTMENT CORP.]	  	
		
	  
 CHIEF FINANCIAL OFFICER
	  	  
 PRESIDENT AND CHIEF EXECUTIVE
OFFICER


 COUNTERSIGNED AND REGISTERED: 

AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC 
 TRANSFER
AGENT AND REGISTRAR 
 BY 
 AUTHORIZED SIGNATURE 







  

IMPORTANT NOTICE 

All capitalized terms in this legend have the meanings defined in the charter of the corporation, as the same may be amended from time to
time, a copy of which will be furnished to each holder of capital stock of the corporation on request and without charge. Requests for such a copy may be directed to the secretary of the corporation at its principal office. 

The corporation will furnish to any stockholder of the corporation upon request and without charge a full statement of the designations,
rights, preferences, and limitations applicable to each class of stock and the variations in rights, preferences and limitations determined for each series within a class (and the authority of the board of directors to determine variations for
future series). Any such requests should be addressed in writing to the Secretary of the Corporation. 
 The following abbreviations, when
used in the inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or regulations: 
  

			
	 TEN COM — as tenants in common
	  	 UNIF GIFT MIN
ACT-             Custodian
                    

	 TEN ENT — as tenants by the entireties
	  	
                   
                    (Cust)                      
(Minor)

	 JT TEN — as joint tenants with right of survivorship and not as tenants in common
	  	 Under Uniform Gifts to Minors

Act
                        

		  	         (State)


 Additional abbreviations may also be used though not in the above list. 

 
  
  

	
	 FOR VALUE RECEIVED,
                                         
                    hereby sell, assign and transfer unto

	
	 PLEASE INSERT SOCIAL SECURITY OR OTHER

	 IDENTIFYING NUMBER OF ASSIGNEE

	
	
                   
                 

	
	
                   
                                         
                                         
                                         
                  

	 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

	
                   
                                         
                                         
                                         
                  

	
	
                   
                                         
                                         
                                         
       Shares of the

	7.00% SERIES B CUMULATIVE PERPETUAL REDEEMABLE PREFERRED STOCK represented by the within Certificate, and do hereby irrevocably constitute and appoint
                                         
                                         
                                         
          Attorney to transfer the said stock on the books of the within-named Corporation with full power of substitution in the premises.
	
	 Dated
                                         
                                   

	
	NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.

 Signature(s) Guaranteed: 
  

                          
                                         
                      
 THE SIGNATURE(S) SHOULD
BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE
17Ad-15.