Anworth Mortgage Asset Corp., Santa Monica, Calif., has announced a filing by its wholly owned subsidiary, Belvedere Trust Mortgage Corp., to register $100 million of common stock in connection with a contemplated initial public offering.The registration statement, filed with the Securities and Exchange Commission, has not yet become effective. Anworth is a mortgage real estate investment trust, and Belvedere was formed in 2003 to acquire mortgage loans, especially jumbo adjustable-rate and hybrid first-lien single-family residential mortgage loans of high credit quality, Anworth said.
Anworth Subsidiary Plans IPO
May 18, 2005, 2:00 p.m. EDT 1 Min Read
