Anworth lifts conversion rate for 6.25% series B preferred stock

By Susanna Moon

Chicago, Dec. 30 – Anworth Mortgage Asset Corp. reported another increase in the conversion rate for its 6.25% series B cumulative convertible preferred stock.

The conversion rate was adjusted to 4.2029 common shares, effective Dec. 31, up from 4.1519 shares.

The rate was adjusted due to a quarterly stock dividend of $0.14 per share that will be paid Jan. 29 to holders of record as of the close of business on Dec. 30.

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

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