Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price. Capital structure arbitrageurs focus on individual issuers.They look for valuation differentials between a company's debt and equity securities. Guide to be utilized in the definition, organization, capture and reporting of data for Capital Assets. Arizona Revised Statute (A. It shows the assets owned or controlled, related liabilities and other obligations, and the categories of net assets. Phoenix is the capital of Arizona as well as the county seat for Maricopa County.