Exhibit 99.1
NEWS RELEASE
For release July 19, 2005
Contact: John T. Hillman @ 310/255-4438 or 310/255-4493
ANWORTH MORTGAGE ASSET CORPORATION ANNOUNCES
SECOND QUARTER 2005 COMMON STOCK DIVIDEND OF $0.18 PER SHARE AND
THIRD QUARTER SERIES A PREFERRED STOCK DIVIDEND OF $0.539063 PER SHARE
SANTA MONICA, California – (July 19, 2005) –Anworth Mortgage Asset Corporation (NYSE: ANH) announced today that its Board of Directors declared a quarterly common stock dividend of $0.18 per share for the second quarter of 2005. The common stock dividend is payable on August 11, 2005 to common stockholders of record as of the close of business on July 29, 2005.
The Company also announced that, in accordance with the terms of the Company’s 8.625% Series A Cumulative Preferred Stock, the Board of Directors also declared a preferred stock dividend of $0.539063 per share for the third quarter of 2005. The preferred stock dividend is payable on October 17, 2005 to preferred stockholders of record as of the close of business on September 30, 2005. The dividend reflects the accrual from July 1, 2005 to September 30, 2005, or 90 days of a 360 day year.
About Anworth Mortgage Asset Corporation
Anworth is a mortgage real estate investment trust (REIT) which invests in mortgage assets, including mortgage pass-through certificates, collateralized mortgage obligations, mortgage loans and other real estate securities. Anworth generates income for distribution to its shareholders primarily based on the difference between the yield on its mortgage assets and the cost of its borrowings. Through its wholly-owned subsidiary, Belvedere Trust Mortgage Corporation, Anworth acquires mortgage loans with a focus on high credit-quality jumbo adjustable-rate and hybrid first-lien single-family residential mortgage loans. Belvedere Trust and its subsidiaries securitize such mortgage loans for financing purposes and to sell mortgage-backed securities in the capital markets.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. 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 increases in the prepayment rates on the mortgage loans securing our mortgage-backed securities, our ability to use borrowings to finance our assets, increases in default rates of the mortgage loans acquired by our mortgage loan subsidiaries, risks associated with investing in mortgage-related assets, including changes in business conditions and the general economy, our ability to maintain our qualification as a real estate investment trust for federal income tax purposes, and management’s ability to manage our growth. Our Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and other SEC filings discuss some of the important 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.
Contact:
Anworth Mortgage Asset Corporation
John T. Hillman
(310) 255-4438 or (310) 255-4493
