Anworth increases conversion rate for 6.25% series B preferreds

By Tali Rackner

Norfolk, Va., June 30 – Anworth Mortgage Asset Corp. increased the conversion rate for its 6.25% series B cumulative convertible preferred stock to 4.0919 shares from 4.0411 shares, effective July 1.

The conversion rate adjustment is due to a quarterly stock dividend announced on June 19. A dividend of $0.14 per share will be paid on July 29 to holders of record as of the close of business on June 30.

Anworth is a mortgage real estate investment trust based in Santa Monica, Calif.

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