FAQ

  • Anworth is a public company traded on the New York Stock Exchange (NYSE). The Company was incorporated in the state of Maryland on October 20, 1997. Our goals are to maximize dividend income and increase the book value of the Company for our stockholders. The Company is in the business of investing primarily in United States agency mortgage-backed securities that we acquire in the secondary market. United States agency securities are securities that are obligations guaranteed by the United States government or its agencies, such as Fannie Mae or Freddie Mac. We seek attractive long-term investment returns by investing our equity capital and borrowed funds in such securities. Our returns are earned on the spread between the yield on our earning assets and the interest cost of the funds we borrow. We have elected to be taxed as a real estate investment trust, or REIT, under the United Stated Internal Revenue Service Code. As a REIT, we routinely distribute substantially all of the income generated from our operations to our stockholders. As long as we retain our REIT status, we generally will not be subject to federal or states taxes on our income to the extent that we distribute our net income to our stockholders.
  • Our strategy is to invest primarily in United States agency mortgage-backed securities that we acquire in the secondary market. We seek to acquire assets that will produce competitive returns after considering the amount and nature of the anticipated returns from the investment, our ability to pledge the investment to secure collateralized borrowings and the costs associated with financing these investments. We use leverage to increase the rate of return to our stockholders.
  • A distinctive feature of our operations is the effort made to understand how resident mortgage assets are valued and the kind of income mortgage loans provide and, most importantly, the risks that are associated with such mortgage loans and securities, specifically the credit risk issue and the issue of early prepayment.
  • Traded on the New York Stock Exchange (NYSE), Anworth's common stock symbol is ANH. Our Series A Cumulative Preferred Stock symbol is ANHPrA. Our Series B Cumulative Convertible Preferred Stock symbol is ANHPrB.
  • You can contact the company via telephone (310-255-4493) or email (info@anworth.com). John Hillman, our Director of Investor Relations, is available to assist you with your questions regarding the Company and will provide various financial reports upon request. Mr. Hillman's direct line is (310) 255-4438.
  • Our Board of Directors meets to announce earnings and declare the dividend in April, July, October and December. The dividend is then paid in May (1st quarter payment), August (2nd quarter payment), November (3rd quarter payment) and January (4th quarter payment). As a REIT, we are required to pay out 90% of our earnings in the form of dividends in the year the earnings occur (the 4th quarter dividend is taxable in the year it is declared, even though it is paid in January of the following year). Therefore, our dividend payments will increase or decrease in relation to each quarter's earnings. To see a list of our historical dividends, please visit our Dividends page.
  • Dividends on our Series A Preferred Stock are cumulative from the date of original issuance and are payable quarterly on the 15th day of January, April, July and October at the rate of 8.625% per annum of the $25.00 liquidation preference.
  • Our Series A Preferred Stock has no maturity date and we are not required to redeem the Series A Preferred Stock at any time. The Series A Preferred Stock is not redeemable prior to November 5, 2009 except in certain limited circumstances relating to the ownership limitation necessary to preserve our qualification as a REIT.
  • Dividends on our Series B Preferred Stock are cumulative from January 25, 2007 and are payable quarterly on the 15th day of January, April, July and October at the rate of 6.25% per annum of the $25.00 liquidation preference.
  • Our Series B Preferred Stock has no maturity date and we are not required to redeem the Series B Preferred Stock at any time. On or after January 25, 2012, we will have the right, in certain circumstances, to require Series B Preferred stockholders to convert their Series B Preferred shares.
  • The current conversion rate will be adjusted in any fiscal quarter in which the cash dividends paid to our common stockholders results in an annualized common stock dividend yield which is greater than 6.25%.
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