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Anworth increases conversion rate of 6.25% convertible preferreds
By Tali David
Minneapolis, July 8 - Anworth Mortgage Asset Corp. will increase the conversion rate of its 6.25% series B cumulative convertible preferred stock to 3.9202 shares of common stock from 3.8695 shares on July 9, according to an 8-K filed with the Securities and Exchange Commission.
On June 28, the company's board of directors declared a quarterly dividend of $0.15 per share of common stock, which is payable on July 29.
The company's stock (NYSE: ANH) closed at $4.91 on Monday.
Anworth is a mortgage real estate investment trust based in Santa Monica, Calif., that invests primarily in securities guaranteed by the U.S. government or by federally sponsored enterprises such as Fannie Mae or Freddie Mac.
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