NYSE, ANH - Anworth Mortgage Asset Corp
We were formed in October 1997 and commenced operations on March 17, 1998. We
are in the business of investing primarily in mortgage-related assets including
mortgage pass-through certificates, collateralized mortgage obligations
(?CMOs?), mortgage loans and other securities representing interests in, or
obligations backed by, pools of mortgage loans which can be readily financed.
Our principal business objective is to generate net income for distribution to
stockholders based upon the spread between the interest income on our
mortgage-related assets and the costs of borrowing to finance our acquisition of
these assets.
We are organized for tax purposes as a REIT. Accordingly, we generally
distribute substantially all of our earnings to stockholders without paying
federal or state income tax at the corporate level on the distributed earnings. ...
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