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Anworth increases conversion rate for 6.25% series B preferred stock
By Jennifer Chiou
New York, Sept. 30 – Anworth Mortgage Asset Corp. increased the conversion rate for its 6.25% series B cumulative convertible preferred stock to 4.1519 shares from 4.0919 shares, effective Oct. 1.
The adjustment is due to a quarterly stock dividend announced on Sept. 18. The dividend of $0.14 per share will be paid on Oct. 29 to holders of record as of the close of business on Sept. 30.
Anworth is a mortgage real estate investment trust based in Santa Monica, Calif.
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