Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, April 26, 3:04 PM
This Slide: #399 of 620 |
Slide #399. Anworth Mortgage Asset Corporation — Preferred Stock Offering
Company:
Anworth Mortgage Asset Corporation (ANH)
Date announced:
1/15/2015
Shares Offered:
300,000
Date of Pricing:
1/20/2015
Price Per Share:
$24.50
Preferred Stock Offering Details:
Anworth Mortgage Asset Corporation (NYSE:ANH) (the "Company") announced today that it has commenced an underwritten public offering of its new 7.625% Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock"). The Company expects to grant the underwriters a 30-day option to purchase additional shares of Series C Preferred Stock to cover over-allotments, if any.
Anworth Mortgage Asset is a real estate investment trust. Co. invests in, finances and manages a portfolio of residential mortgage-backed securities and residential mortgage loans, including the following investments: agency mortgage-backed securities, which include residential mortgage pass-through certificates and collateralized mortgage obligations; non-agency mortgage-backed securities, which are securities issued by companies that are not guaranteed by federally sponsored enterprises and that are secured primarily by first-lien residential mortgage loans; and residential mortgage loans, whereby Co. acquires non-Qualified Mortgage, residential mortgage loans from loan originators.
Preferreds: ANH.PRA, ANH.PRB, ANH.PRC
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Hold (2.00 out of 4) 40th percentile
(ranked lower than approx. 60% of all stocks covered)
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