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 fourth quarter of 2013. The Series A Preferred Stock dividend is
payable on January 15, 2014 to holders of record of Series A Preferred
Stock as of the close of business on December 31, 2013. The dividend
reflects the period from October 1, 2013 through December 31, 2013.
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 fourth quarter of 2013. The Series B
Preferred Stock dividend is payable on January 15, 2014 to holders of
record of Series B Preferred Stock as of the close of business on
December 31, 2013. The dividend reflects the period from October 1, 2013
through December 31, 2013.
About Anworth Mortgage Asset Corporation
Anworth is an externally-managed mortgage real estate investment trust,
or REIT. We 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. 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; 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.
Copyright Business Wire 2013