Anworth Announces Preferred Stock Dividends
May 07 2019 - 4:05PM
Business Wire
Anworth Mortgage Asset Corporation (NYSE: ANH) announced today
that in accordance with the terms of Anworth’s 8.625% Series A
Cumulative Preferred Stock (“Series A Preferred Stock”), the board
of directors (the “Board”) declared a Series A Preferred Stock
dividend of $0.539063 per share for the second quarter of 2019. The
Series A Preferred Stock dividend is payable on July 15, 2019 to
holders of record of Series A Preferred Stock as of the close of
business on June 28, 2019. The dividend reflects the period from
April 1, 2019 through June 30, 2019.
Also, in accordance with the terms of Anworth’s 6.25% Series B
Cumulative Convertible Preferred Stock (“Series B Preferred
Stock”), the Board declared a Series B Preferred Stock dividend of
$0.390625 per share for the second quarter of 2019. The Series B
Preferred Stock dividend is payable on July 15, 2019 to holders of
record of Series B Preferred Stock as of the close of business on
June 28, 2019. The dividend reflects the period from April 1, 2019
through June 30, 2019.
Also, in accordance with the terms of Anworth’s 7.625% Series C
Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”),
the Board declared a Series C Preferred Stock dividend of $0.476563
per share for the second quarter of 2019. The Series C Preferred
Stock dividend is payable on July 15, 2019 to holders of record of
Series C Preferred Stock as of the close of business on June 28,
2019. The dividend reflects the period from April 1, 2019 through
June 30, 2019.
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 and
administrative and other services and activities 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.
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; 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; and our Manager’s ability
to manage our growth. Our Annual Report on Form 10-K and other SEC
filings discuss the most significant risk factors that may affect
our business, results of operations and financial condition. We
undertake no obligation to revise or update publicly any
forward-looking statements for any reason.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190507005803/en/
Anworth Mortgage Asset CorporationJohn T. Hillman1299 Ocean
Avenue, 2nd FloorSanta Monica, CA 90401(310) 255-4438 or (310)
255-4493Email: jhillman@anworth.comWeb site:
http://www.anworth.com
Anworth Mortgage Asset (NYSE:ANH)
Historical Stock Chart
From Aug 2024 to Sep 2024
Anworth Mortgage Asset (NYSE:ANH)
Historical Stock Chart
From Sep 2023 to Sep 2024