Exhibit 99.1

Anworth Reports Fourth Quarter 2020 Financial Results

SANTA MONICA, Calif.--(BUSINESS WIRE)--February 23, 2021--Anworth Mortgage Asset Corporation (NYSE: ANH) (the “Company” or “Anworth”) today reported its financial results for the fourth quarter ended December 31, 2020.

Earnings

The following table summarizes the Company’s core earnings, GAAP net income to common stockholders, and comprehensive income for the three months ended December 31, 2020:

 

 

Three Months Ended

 

 

December 31, 2020

 

 

(unaudited)

 

 

 

 

Per

 

 

 

 

Weighted

 

 

Earnings

 

Share

 

 

(in thousands)

 

 

 

Core earnings

 

$

4,655

 

$

0.05

GAAP net income to common stockholders

 

$

21,122

 

$

0.21

Comprehensive income

 

$

16,195

 

$

0.16

Core earnings is a non-GAAP financial measure, which is explained and reconciled to GAAP net income to common stockholders in the section entitled “Non-GAAP Financial Measures Related to Operating Results” near the end of this earnings release. Comprehensive income is shown on our consolidated statements of comprehensive income, which is included in this earnings release. Comprehensive income consists of net income to all stockholders (including the amounts paid to preferred stockholders) and the change in other comprehensive income.


The following information was filed by Anworth Mortgage Asset Corp (ANH) on Tuesday, February 23, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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