Anworth Mortgage Asset Corp., a real estate investment trust based in Santa Monica, Calif., has priced a public offering of 14.3 million shares of common stock at $8.75 per share. Anworth has granted the underwriters an option to buy up to 2.145 million additional shares to cover any overallotments. The mortgage REIT said it plans to use the expected net proceeds of approximately $118.7 million to buy agency mortgage-backed securities. The joint book-running managers of the offering are Deutsche Bank Securities Inc. and Credit Suisse Securities LLC. Anworth can be found on the Web at http://www.anworth.com.
Anworth Prices Stock Offering
January 25, 2008, 2:00 p.m. EST 1 Min Read
