Anworth Announces Annual Meeting Results
24 May 2019 - 6:05AM
Business Wire
Anworth Mortgage Asset Corporation (NYSE: ANH) announced the
results of its 2019 Annual Meeting of Stockholders (the “Annual
Meeting”), which was held on Wednesday, May 22, 2019.
Stockholders of record on the record date of March 11, 2019 were
entitled to vote at the Annual Meeting.
The following items were presented for stockholder approval:
- The election of six directors to hold
office until the next annual meeting of stockholders or until their
successors have been duly elected and qualified;
- An advisory vote to approve the
compensation of our Named Executive Officers; and
- The ratification of the appointment of
RSM US LLP as our independent registered public accounting firm for
the fiscal year ending December 31, 2019.
87,971,072 votes were cast at the Annual Meeting. Of such total
votes cast, the proposal for election of each of the Anworth Board
of Director’s nominee for director passed with affirmative votes
exceeding 87.10% of the votes
cast (excluding abstentions and broker non-votes); the advisory
vote to approve the compensation of our Named Executive Officers
passed with affirmative votes exceeding 63.45% of the votes cast (excluding
abstentions and broker non-votes); and the proposal for
ratification of the appointment of RSM US LLP as our independent
registered public accounting firm for the fiscal year ending
December 31, 2019 passed with affirmative votes exceeding
96.66% of the votes cast
(excluding abstentions but including broker non-votes). The final
voting results for each proposal will be filed today with the U.S.
Securities and Exchange Commission on a Current Report on Form 8-K
and will be available for viewing on our website at
http://www.anworth.com.
About Anworth Mortgage Asset Corporation
We are an externally-managed mortgage real estate investment
trust (“REIT”). We invest primarily in mortgage-backed securities
that are either rated “investment grade” or are guaranteed by
federally sponsored enterprises, such as Fannie Mae or Freddie Mac.
We seek to generate income for distribution to our shareholders
primarily based on the difference between the yield on our mortgage
assets and the cost of our borrowings. We are managed by Anworth
Management LLC (our “Manager”), pursuant to a management agreement.
Our Manager is subject to the supervision and direction of our
Board and is responsible for (i) the selection, purchase, and sale
of our investment portfolio; (ii) our financing and hedging
activities; and (iii) providing us with portfolio management,
administrative, and other services and activities relating to our
assets and operations as may be appropriate. Our common stock is
traded on the New York Stock Exchange under the symbol “ANH.”
Anworth Mortgage Asset Corporation is a component of the Russell
2000® Index.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This news release may contain forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are based upon our current expectations and speak only
as of the date hereof. Forward-looking statements, which are based
on various assumptions (some of which are beyond our control) may
be identified by reference to a future period or periods or by the
use of forward-looking terminology, such as “may,” “will,”
“believe,” “expect,” “anticipate,” “assume,” “estimate,” “intend,”
“continue,” or other similar terms or variations on those terms or
the negative of those terms. Our actual results may differ
materially and adversely from those expressed in any
forward-looking statements as a result of various factors and
uncertainties, including but not limited to, changes in interest
rates; changes in the market value of our mortgage-backed
securities; changes in the yield curve; the availability of
mortgage-backed securities for purchase; increases in the
prepayment rates on the mortgage loans securing our mortgage-backed
securities; our ability to use borrowings to finance our assets
and, if available, the terms of any financing; risks associated
with investing in mortgage-related assets; changes in business
conditions and the general economy, including the consequences of
actions by the U.S. government and other foreign governments to
address various financial and economic issues and our ability to
respond to and comply with such actions and changes; implementation
of or changes in government regulations affecting our business; our
ability to maintain our qualification as a real estate investment
trust for federal income tax purposes; our ability to maintain an
exemption from the Investment Company Act of 1940, as amended;
risks associated with our home rental business; and the Manager’s
ability to manage our growth. Our Annual Report on Form 10-K and
other SEC filings discuss the most significant risk factors that
may affect our business, results of operations and financial
condition. We undertake no obligation to revise or update publicly
any forward-looking statements for any reason.
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Anworth Mortgage Asset CorporationJohn T. Hillman1299 Ocean
Avenue, Second FloorSanta Monica, CA 90401(310) 255-4438 or (310)
255-4493Email: jhillman@anworth.comWeb site:
http://www.anworth.com
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