Welcome to our dedicated page for ANH news (Ticker: ANH), a resource for investors and traders seeking the latest updates and insights on ANH stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ANH's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ANH's position in the market.
Ready Capital Corporation (NYSE: RC) and Anworth Mortgage Asset Corporation (NYSE: ANH) have finalized their merger as of March 19, 2021. Anworth's shares ceased trading on the NYSE following the merger. Under the merger terms, Anworth shareholders received 0.1688 shares of Ready Capital and $0.61 in cash for each Anworth common share. Furthermore, existing preferred stocks of Anworth were converted to newly designated preferred stocks of Ready Capital. Dominique Mielle from Anworth was appointed to Ready Capital’s board. This merger aims to enhance operational efficiency and growth for the combined entity.
Ready Capital Corporation (NYSE: RC) and Anworth Mortgage Asset Corporation (NYSE: ANH) have successfully completed their merger as of March 19, 2021. Following the merger, Anworth's stock has ceased trading, and shareholders received a combination of Ready Capital shares and cash. Anworth's preferred stock has been converted into newly designated preferred stock of Ready Capital. This merger is expected to enhance operational efficiencies and establish Ready Capital as a leading mortgage REIT. The board of Ready Capital has also been expanded to include an independent director from Anworth.
Anworth Mortgage Asset Corporation (NYSE: ANH) has received stockholder approval for its merger with Ready Capital Corporation (NYSE: RC), set to close on March 19, 2021. Approximately 52.58% of outstanding shares were voted, with 95.24% in favor. Anworth shares will be converted into 0.1688 shares of Ready Capital stock and $0.61 in cash. Preferred stocks will also convert into corresponding Ready Capital preferred stocks. Anworth is expected to be delisted from the NYSE after the merger closes.
Anworth Mortgage Asset Corporation (NYSE: ANH) announced an increase in the conversion rate of its 6.25% Series B Cumulative Convertible Preferred Stock from 6.2176 to 6.2235 shares of common stock per preferred share, effective March 16, 2021. This adjustment follows a previously declared common stock dividend of $0.04 per share, payable on March 18, 2021. This change is in accordance with the terms set in Anworth's Articles Supplementary, aimed at maintaining a competitive dividend yield.
Anworth Mortgage Asset Corporation (NYSE: ANH) has announced that the merger with Ready Capital Corporation is expected to close on March 19, 2021. As per the merger agreement, Anworth will be merged into a subsidiary of Ready Capital, with shares of Anworth's Series B Preferred Stock converting into a new series of Ready Capital preferred stock. Stockholders from both companies will vote on the merger in special meetings scheduled for March 17, 2021. The merger's completion is dependent on customary approvals and conditions.
Anworth Mortgage Asset Corporation (NYSE: ANH) has declared a $0.04 common stock dividend, payable on March 18, 2021, to stockholders of record as of March 15, 2021. This announcement coincides with a proposed merger with Ready Capital Corporation, detailed in a registration statement filed with the SEC. Anworth focuses on investments in mortgage-backed securities and aims to generate income from the yield spread between these assets and its borrowing costs. The merger will see Anworth merged into Prepared Capital's subsidiary.
Anworth Mortgage Asset Corporation (NYSE: ANH) reported its financial results for Q4 2020, with core earnings of $4,655 and GAAP net income of $21,122, translating to an EPS of $0.21. The total comprehensive income was $16,195, reflecting a healthy financial position. The company’s total assets stood at $3,108,318, and its portfolio consisted of 79.8% Agency MBS. The fair value of the Agency MBS increased slightly from the previous quarter, indicating stability in a fluctuating market.
Anworth Mortgage Asset Corporation (NYSE: ANH) will release its fourth quarter 2020 financial results on February 23, 2021, after the trading halt on the NYSE. CEO Joe McAdams will host a conference call on February 24, 2021, at 1 PM ET, to discuss the results. The call can be accessed via dial-in or live webcast. Anworth, a mortgage real estate investment trust (REIT), invests primarily in mortgage-backed securities rated as investment grade or guaranteed by federal enterprises. The company is managed externally by Anworth Management LLC.
Anworth Mortgage Asset Corporation (NYSE: ANH) announced tax treatment for its dividends for the fiscal year 2020. None of the dividends are classified as ordinary income, meaning they will not be taxed at ordinary income rates. This includes cumulative preferred stocks and common stock distributions, with total dividends per share amounting to $2.695315 for Series A, $1.957650 for Series B, $2.382815 for Series C, and $0.290000 for common stock. Stockholders are advised to consult their tax advisors regarding the tax implications of these distributions.
Anworth Mortgage Asset Corporation (NYSE: ANH) announced an increase in the conversion rate of its 6.25% Series B Cumulative Convertible Preferred Stock from 6.1874 to 6.2176 shares of common stock, effective January 2, 2021. This change follows the Board's declaration of a quarterly common stock dividend of $0.05 per share, payable on January 29, 2021, to holders of record as of December 31, 2020. The adjustment in the conversion rate is based on specific conditions outlined in its Articles Supplementary, reflecting Anworth's strategic fiscal management.
