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Anworth Announces Anticipated Closing Date of Merger to Holders of Series B Preferred Stock


Anworth Announces Anticipated Closing Date of Merger to Holders of Series B Preferred Stock
By
Staff
1 month ago
SANTA MONICA, Calif.–(BUSINESS WIRE)–$ANH#REIT Anworth Mortgage Asset Corporation (NYSE: ANH) announced today that the closing date of the Merger (defined below) is expected to be March 19, 2021 (the “Expected Closing Date”). As previously announced, on December 6, 2020, Anworth entered into an Agreement and Plan of Merger with Ready Capital Corporation, a Maryland corporation (“Ready Capital”), and RC Merger Subsidiary, LLC, a Delaware limited liability company and a wholly owned subsidiary of Ready Capital (“Merger Sub”), pursuant to which, subject to the terms and conditions therein, Anworth will be merged with and into Merger Sub, with Merger Sub continuing as the surviving company (such transaction, the “Merger”). On the Expected Closing Date, among other things, each share of Anworth’s 6.25% Series B Cumulative Convertible P ....

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Anworth Declares a $0.04 Per Share Common Stock Dividend


Anworth Declares a $0.04 Per Share Common Stock Dividend
By
Staff
3 weeks ago
SANTA MONICA, Calif.–(BUSINESS WIRE)–$ANH#REIT Anworth Mortgage Asset Corporation (NYSE: ANH) announced today that its board of directors has declared a common stock dividend of $0.04 per share. The common stock dividend is payable on March 18, 2021 to common stockholders of record as of the close of business on March 15, 2021.
Important Additional Information about the Proposed Merger and Where to Find It
In connection with the proposed merger transaction contemplated by the Agreement and Plan of Merger, dated as of December 6, 2020, by and among Ready Capital Corporation, a Maryland corporation (“Ready Capital”), RC Merger Subsidiary, LLC, a Delaware limited liability company and a wholly owned subsidiary of Ready Capital (“Merger Sub”), and Anworth, pursuant to which, subject to the terms and conditions therein, Anworth will be merged with and into Merger Sub, wit ....

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