Anworth Announces Pricing of Public Offering of Its 7.625% Series C Preferred Stock

SANTA MONICA, Calif.–(BUSINESS WIRE)– Anworth Mortgage Asset Corporation (NYSE: ANH) (the “Company”) announced today that it has priced an underwritten public offering of 300,000 shares of its 7.625% Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”) at a public offering price of $24.50 per share.
Gross proceeds to the Company are expected to be approximately $7,350,000 before deducting the underwriting discount and other estimated offering expenses payable by the Company. The Company has also granted to the underwriters a 30-day option to purchase up to an additional 45,000 shares of its Series C Preferred Stock to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on January 27, 2015.

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