Anworth MortgageAsset Corp. on April 1 filed a registration statement on Form S-3 forthe sale of up to $534.4 million of its various securities from time to time.
The filing covers the sale of common stock, preferred stock,warrants to purchase shares of common stock or preferred stock, or any combinationthereof.
The company intends to use the net proceeds from the sale ofthe securities to acquire agency mortgage-backed securities consistent with itsinvestment policy. The company then intends to increase its investment assets byborrowing against the agency MBS and using the proceeds of such borrowings to acquireadditional agency MBS. Pending such investments, the net proceeds will be placedin interest-bearing bank accounts or in readily marketable, interest-bearing securities.
The company may sell the securities to or through one or moreunderwriters or dealers, or sell the securities to investors directly or throughagents.
The registration carries over $534.4 million of unsold securitiespreviously registered. The previously paid applicable registration fee will continueto be applied to such unsold securities.