Anworth Mortgage Asset Corp., Santa Monica, Calif., has priced 1 million shares of series A cumulative preferred stock at a liquidation value of $25 per share.The shares have an annual coupon of 8.625%. The underwriters have been granted an option to buy up to 150,000 additional shares to cover any overallotments. The net proceeds of the offering are expected to total about $23.9 million, or about $27.5 million if the overallotment option is exercised in full, the company said. Anworth is a mortgage real estate investment trust.
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