Anworth Mortgage Asset 8-K 2012
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On April 10, 2012, Anworth Mortgage Asset Corporation (“Anworth”) announced that, in accordance with the terms of Anworth’s 6.25% Series B Cumulative Convertible Preferred Stock (the “Series B Preferred Stock”), the conversion rate of the Series B Preferred Stock will increase from 3.6714 shares of Anworth’s common stock to 3.7329 shares of its common stock effective April 11, 2012.
As previously announced, Anworth’s board of directors declared, on March 30, 2012, a quarterly common stock dividend of $0.21 per share, which is payable on April 27, 2012 to holders of record of common stock as of the close of business on April 10, 2012. 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 conversion rate on the Series B Preferred Stock is adjusted based on a formula specified in the Articles Supplementary Establishing and Fixing the Rights and Preferences of the Series B Preferred Stock. As a result of this dividend, the conversion rate will increase from 3.6714 shares of Anworth’s common stock to 3.7329 shares of its common stock effective April 11, 2012.
On April 10, 2012, Anworth issued a press release announcing an increase to the conversion rate of Anworth’s 6.25% Series B Cumulative Convertible Preferred Stock effective April 11, 2012. A copy of that press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
As discussed therein, the press release furnished as Exhibit 99.1 to this Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and, as such, may involve known and unknown risks, uncertainties and assumptions. These forward-looking statements relate to Anworth’s current expectations and are subject to the limitations and qualifications set forth in the press release as well as in Anworth’s other documents filed with the U.S. Securities and Exchange Commission, including, without limitation, that actual events and/or results may differ materially from those projected in such forward-looking statements.
the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.