Item 8.01. Other Events.

On June 15, 2009, in connection with the previously announced follow-on equity offering by FBR Capital Markets Corporation (the "Company"), the Company entered into an underwriting agreement (the "Underwriting Agreement") with a wholly owned subsidiary of Arlington Asset Investment Corp., as selling stockholder, and FBR Capital Markets & Co., as representative of the several underwriters named in Schedule I thereto. A copy of the Underwriting Agreement is filed as Exhibit 1.1 hereto and is incorporated herein by reference. In addition, a copy of the Company's related press release is filed as Exhibit 99.1 hereto.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

1.1 Underwriting Agreement, dated June 15, 2009, among the Company, the selling stockholder named therein and FBR Capital Markets & Co., as representative of the several underwriters named in Schedule I thereto.

99.1 Press Release, dated June 15, 2009.

---