October 21, 2009 (FinancialWire) — FBR Capital Markets Corp. (NASDAQ: FBCM), an investment bank serving the middle market, said that its Arlington Asset Investment unit and one of its wholly-owned subsidiaries plan to offer 12,830,450 shares of FBR Capital Markets’ common stock in an underwritten public offering.

FBR Capital Markets and Barclays Capital (NYSE: BCS) are joint book-running managers. FBR plans to grant the underwriters a 30-day option to purchase up to an additional 1,924,567 shares of stock to cover overallotments. FBR Capital Markets said it will not receive any of the net proceeds from the sale of shares.

Arlington, Virginia-based FBR Capital Markets provides investment banking, merger and acquisition advisory, institutional brokerage, prime brokerage and research services. It provides asset management services through FBR Investment Management and mutual funds through FBR Fund Advisers.

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