Anworth Announces Preferred Dividends

  Anworth Announces Preferred Dividends

Business Wire

SANTA MONICA, Calif. -- April 17, 2014

Anworth Mortgage Asset Corporation (NYSE: ANH) announced today that, in
accordance with the terms of Anworth’s 8.625% Series A Cumulative Preferred
Stock, or Series A Preferred Stock, the board of directors declared a Series A
Preferred Stock dividend of $0.539063 per share for the second quarter of
2014. The Series A Preferred Stock dividend is payable on July 15, 2014 to
holders of record of Series A Preferred Stock as of the close of business on
June 30, 2014. The dividend reflects the period from April 1, 2014 through
June 30, 2014.

Also, in accordance with the terms of Anworth’s 6.25% Series B Cumulative
Convertible Preferred Stock, or Series B Preferred Stock, the board of
directors declared a Series B Preferred Stock dividend of $0.390625 per share
for the second quarter of 2014. The Series B Preferred Stock dividend is
payable on July 15, 2014 to holders of record of Series B Preferred Stock as
of the close of business on June 30, 2014. The dividend reflects the period
from April 1,2014 through June 30, 2014.

About Anworth Mortgage Asset Corporation

Anworth is an externally-managed mortgage real estate investment trust. Our
principal business is to invest primarily in securities guaranteed by the U.S.
Government, such as Ginnie Mae, or guaranteed by federally sponsored
enterprises, such as Fannie Mae or Freddie Mac. A small part of our business
also consists of home rentals, where we acquire single-family residential
properties within our target markets and lease them to quality tenants. 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, or the Manager,
pursuant a management agreement. The Manager is subject to the supervision and
direction of our Board of Directors 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 management services 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 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, including the consequences of actions by the U.S. government and
other foreign governments to address the global financial crisis;
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 the 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.

Contact:

Anworth Mortgage Asset Corporation
John T. Hillman
(310) 255-4438 or (310) 255-4493
jhillman@anworth.com
http://www.anworth.com
 
Press spacebar to pause and continue. Press esc to stop.