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Anworth Announces Increase to Series B Preferred Stock Conversion Rate

ANWORTH MTG ASSET (ANH)  More Company Research Source: Business Wire
US:NYSE Investor Relations: anworth.com
PDF SANTA MONICA, Calif.--(BUSINESS WIRE)-- Anworth Mortgage Asset Corporation (NYSE: ANH) announced that in accordance with the terms of Anworth’s 6.25% Series B Cumulative Convertible Preferred Stock, or Series B Preferred Stock, the conversion rate of the Series B Preferred Stock will increase from 4.7329 shares of Anworth’s common stock to 4.7932 shares of its common stock effective January 3, 2017. As previously announced on December 16, 2016, Anworth’s board of directors declared a quarterly common stock dividend of $0.15 per share, which is payable on January 30, 2017 to holders of record of common stock as of the close of business on December 30, 2016. When Anworth pays a cash dividend during any quarterly fiscal period to its common stockholders in an amount that results in an annualized common stock dividend yield greater than 6.25% (the dividend yield on the Series B Preferred Stock), the conversi [Read more]

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