Anworth Prices Stock Offering

Published May 15, 2003, 2:00 p.m. EDT

1 Min Read

Anworth Mortgage Asset Corp., a real estate investment trust based in Santa Monica, Calif., has priced a follow-on public offering of 3.85 million shares of common stock at $14.10 per share.Friedman, Billings, Ramsey & Co. Inc., the Arlington, Va.-based lead manager for the offering, said the underwriters have an option to buy up to an additional 577,500 shares to cover any overallotments. FBR said the net proceeds to Anworth, a mortgage REIT, will be approximately $51 million, assuming no exercise of the overallotment option. FBR can be found on the Web at http://www.fbr.com.

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