Anworth Declares a $0.04 Per Share Common Stock Dividend
February 26 2021 - 10:42AM
Business Wire
Anworth Mortgage Asset Corporation (NYSE: ANH) announced today
that its board of directors has declared a common stock dividend of
$0.04 per share. The common stock dividend is payable on March 18,
2021 to common stockholders of record as of the close of business
on March 15, 2021.
Important Additional Information about the Proposed Merger
and Where to Find It
In connection with the proposed merger transaction contemplated
by the Agreement and Plan of Merger, dated as of December 6, 2020,
by and among Ready Capital Corporation, a Maryland corporation
(“Ready Capital”), RC Merger Subsidiary, LLC, a Delaware limited
liability company and a wholly owned subsidiary of Ready Capital
(“Merger Sub”), and Anworth, pursuant to which, subject to the
terms and conditions therein, Anworth will be merged with and into
Merger Sub, with Merger Sub continuing as the surviving company
(such, transaction, the “Merger”), Ready Capital has filed with the
U.S. Securities and Exchange Commission (the “SEC”) a registration
statement on Form S-4 (File No. 333-251863), which was declared
effective by the SEC on February 9, 2021. The registration
statement includes a prospectus of Ready Capital and a joint proxy
statement of Anworth and Ready Capital. Stockholders of Anworth and
Ready Capital are advised to read the registration statement and
the joint proxy statement/prospectus (including all other relevant
documents that are filed or will be filed with the SEC, as well as
any amendments and supplements to these documents) carefully and in
their entirety because they contain important information about
Anworth, Ready Capital, the proposed Merger, and related matters.
Stockholders of Anworth and Ready Capital may obtain free copies of
the registration statement, the joint proxy statement/prospectus,
and all other documents filed or that will be filed with the SEC by
Anworth or Ready Capital at the SEC’s website at
http://www.sec.gov. Copies of documents filed with the SEC by
Anworth are available free of charge on Anworth’s website at
http://www.anworth.com. Copies of documents filed with the SEC by
Ready Capital are available free of charge on Ready Capital’s
website at http://www.readycapital.com.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made, except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended, or an exemption therefrom.
Participants in the Solicitation Relating to the
Merger
Anworth, its directors and executive officers, and certain other
affiliates of Anworth may be deemed to be “participants” in the
solicitation of proxies from the stockholders of Anworth in
connection with the proposed Merger. Information regarding Anworth,
its directors and executive officers and their respective ownership
of common stock of Anworth, and the respective interests of such
participants in the Merger can be found in the joint proxy
statement/prospectus for Anworth’s special meeting of stockholders,
filed by Anworth with the SEC on February 9, 2021. A free copy of
the joint proxy statement/prospectus may be obtained from the
sources described above.
Ready Capital and its directors and executive officers may also
be deemed to be participants in the solicitation of proxies from
the stockholders of Anworth in connection with the proposed Merger.
A list of the names of such directors and executive officers and
information regarding their interests in the proposed Merger are
included in the joint proxy statement/prospectus for the proposed
Merger.
About Anworth Mortgage Asset Corporation
We are an externally-managed mortgage real estate investment
trust (“REIT”). We invest primarily in mortgage-backed securities
that are either rated “investment grade” or are guaranteed by
federally sponsored enterprises, such as Fannie Mae or Freddie Mac.
We seek to generate income for distribution to our shareholders
primarily based on the difference between the yield on our mortgage
assets and the cost of our borrowings. We are managed by Anworth
Management LLC (our “Manager”), pursuant to a management agreement.
Our Manager is subject to the supervision and direction of our
Board and is responsible for (i) the selection, purchase, and sale
of our investment portfolio; (ii) our financing and hedging
activities; and (iii) providing us with portfolio management,
administrative, and other services relating to our assets and
operations as may be appropriate. Our common stock is traded on the
New York Stock Exchange under the symbol “ANH.” Anworth Mortgage
Asset Corporation is a component of the Russell 2000® Index.
About Ready Capital Corporation
Ready Capital Corporation (NYSE: RC) is a multi-strategy real
estate finance company that originates, acquires, finances and
services small- to medium-sized balance commercial loans. Ready
Capital specializes in loans backed by commercial real estate,
including agency multifamily, investor and bridge as well as SBA
7(a) business loans. Headquartered in New York, New York, Ready
Capital employs over 400 lending professionals nationwide. Ready
Capital is externally managed and advised by Waterfall Asset
Management, LLC.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This news release may contain forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are based upon our current expectations and speak only
as of the date hereof. Forward-looking statements, which are based
on various assumptions (some of which are beyond our control) may
be identified by reference to a future period or periods or by the
use of forward-looking terminology, such as “may, “ “will, “
“believe, “ “expect, “ “anticipate, “ “assume,” “estimate,”
“intend,” “continue, “ or other similar terms or variations on
those terms or the negative of those terms. Our actual results may
differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors and
uncertainties, including, but not limited to, changes in interest
rates; changes in the market value of our mortgage-backed
securities; changes in the yield curve; the availability of
mortgage-backed securities for purchase; increases in the
prepayment rates on the mortgage loans securing our mortgage-backed
securities; our ability to use borrowings to finance our assets
and, if available, the terms of any financing; risks associated
with investing in mortgage-related assets; the scope and duration
of the COVID-19 (coronavirus) pandemic, including actions taken by
governmental authorities to contain the spread of the virus, and
the impact on our business and the general economy; changes in
business conditions and the general economy; implementation of or
changes in government regulations affecting our business; our
ability to maintain our qualification as a real estate investment
trust for federal income tax purposes; our ability to maintain an
exemption from the Investment Company Act of 1940, as amended;
risks associated with our home rental business; the risk that the
proposed Merger will not be consummated within the expected time
period or at all; the occurrence of any event, change or other
circumstances that could give rise to the termination of the merger
agreement; the inability to obtain stockholder approvals relating
to the Merger and issuance of shares in connection therewith or the
failure to satisfy the other conditions to completion of the
Merger; risks related to disruption of management attention from
our ongoing business operations due to the proposed Merger; the
effect of the announcement of the proposed Merger on our operating
results and business generally; and the outcome of any legal
proceedings relating to the Merger. Our Annual Report on Form 10-K,
the joint proxy statement/prospectus, and other SEC filings discuss
the most significant risk factors that may affect our business,
results of operations and financial condition and the proposed
Merger, copies of which are available on the SEC’s website at
www.sec.gov. We undertake no
obligation to revise or update publicly any forward-looking
statements for any reason.
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Anworth Mortgage Asset Corporation John T. Hillman 1299 Ocean
Avenue, 2nd Floor Santa Monica, CA 90401 (310) 255-4438 or (310)
255-4493 Email: jhillman@anworth.com Web site:
http://www.anworth.com
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