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Anworth Announces Anticipated Closing Date of Merger to Holders of Series B Preferred Stock By Staff 1 month ago SANTA MONICA, Calif.–(BUSINESS WIRE)–$ANH#REIT Anworth Mortgage Asset Corporation (NYSE: ANH) announced today that the closing date of the Merger (defined below) is expected to be March 19, 2021 (the “Expected Closing Date”). As previously announced, on December 6, 2020, Anworth entered into an Agreement and Plan of Merger with Ready Capital Corporation, a Maryland corporation (“Ready Capital”), and RC Merger Subsidiary, LLC, a Delaware limited liability company and a wholly owned subsidiary of Ready Capital (“Merger Sub”), pursuant to which, subject to the terms and conditions therein, Anworth will be merged with and into Merger Sub, with Merger Sub continuing as the surviving company (such transaction, the “Merger”). On the Expected Closing Date, among other things, each share of Anworth’s 6.25% Series B Cumulative Convertible Preferred Stock,

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