Item 8.01 Other Events.

On June 15, 2009, Arlington Asset Investment Corp. (formerly known as Friedman, Billings, Ramsey Group, Inc.) ("Arlington"), through a subsidiary acting as a selling stockholder, sold 1,500,000 shares of common stock of FBR Capital Markets Corporation ("FBR Capital Markets") in a follow-on equity offering, resulting in net proceeds of $6.5 million. FBR Capital Markets and FBR Capital Markets & Co., acted as representatives of the several underwriters involved in the offering. As a result of this transaction, which closed on June 19, 2009, the Company currently owns 15,166,049 shares of FBR Capital Markets common stock (representing an approximate 24% ownership interest in FBR Capital Markets).

Pursuant to the terms of the applicable underwriting agreement, the underwriters have an option exercisable for 30 days after the date of the prospectus supplement, which was June 15, 2009, to purchase, at a purchase price of $4.4175 per share, up to an additional 3,225,000 shares of FBR Capital Markets common stock from the Company's subsidiary for the sole purpose of covering over-allotments, if any. There is no assurance that the underwriters will exercise the over-allotment option.

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