Anworth lifts conversion rate for 6.25% series B preferred stock

By Tali Rackner

Norfolk, Va., March 31 – 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 4.264 common shares, effective April 1, up from 4.2029 shares.

The rate was adjusted due to a quarterly stock dividend of $0.15 per share payable on April 29 to holders of record as of the close of business on March 31.

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

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