Anworth Announces Annual Meeting Results
Anworth Mortgage Asset Corporation (NYSE: ANH) announced the results of its 2016 Annual Meeting of Stockholders (the “Annual
Meeting”), which was held on Wednesday, May 18, 2016. Stockholders of record on the record date of March 7, 2016 were entitled
to vote at the Annual Meeting.
The following items were presented for stockholder approval:
- The election of six directors to hold office until the next annual meeting of stockholders or until
their successors have been duly elected and qualified;
- An advisory vote to approve the compensation of our Named Executive Officers; and
- The ratification of the appointment of RSM US LLP as our independent registered public accounting
firm for the fiscal year ending December 31, 2016.
82,937,955 votes were cast at the Annual Meeting. Of such total votes cast, the proposal for election of each of the Anworth
Board of Director’s nominee for director passed with affirmative votes exceeding 93.3% of the votes
cast (excluding abstentions and broker non-votes); the advisory vote to approve the compensation of our Named Executive Officers
passed with affirmative votes exceeding 69.3% of the votes cast (excluding abstentions and broker
non-votes); and the proposal for ratification of the independent registered public accounting firm passed with affirmative votes
exceeding 96.9% of the votes cast (excluding abstentions but including broker non-votes). The final
voting results for each proposal will be filed today with the U.S. Securities and Exchange Commission on a Current Report on Form
8-K and will be available for viewing on our website at http://www.anworth.com.
About Anworth Mortgage Asset Corporation
Anworth is an externally-managed mortgage real estate investment trust. Our principal business is to invest primarily in
mortgage-backed securities which 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, 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.
Anworth Mortgage Asset Corporation
John T. Hillman – Director of Investor Relations
1299 Ocean Avenue, Second 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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