Anworth Stockholders Approve Merger with Ready Capital Corporation

SANTA MONICA, Calif.--(BUSINESS WIRE)--Anworth Mortgage Asset Corporation (NYSE: ANH) announced that at its special meeting of stockholders held today, conducted by means of a virtual meeting held live over the internet, Anworth stockholders approved the merger transaction (the “Merger”) in which Anworth will merge with and into RC Merger Subsidiary, LLC, a Delaware limited liability company (“Merger Sub”) and a wholly owned subsidiary of Ready Capital Corporation (NYSE: RC) (“Ready Capital”), with Merger Sub continuing as the surviving company, pursuant to the previously announced Agreement and Plan of Merger entered into among Ready Capital, Merger Sub and Anworth on December 6, 2020. At the special meeting, approximately 52.58% of the outstanding shares of common stock, par value $0.01 per share, of Anworth (“Anworth common stock”) were voted, with approximately 95.24% of the votes cast in favor of the Anworth merger proposal.