Anworth Announces Annual Meeting Results

SANTA MONICA, Calif.–(BUSINESS WIRE)–Anworth
Mortgage Asset Corporation (NYSE: ANH) announced the results of its
2019 Annual Meeting of Stockholders (the “Annual Meeting”), which was
held on Wednesday, May 22, 2019. Stockholders of record on the record
date of March 11, 2019 were entitled to vote at the Annual Meeting.

The following items were presented for stockholder approval:

• The election of six directors to hold office until the next annual
  meeting of stockholders or until their successors have been duly
  elected and qualified;
• An advisory vote to approve the compensation of our Named Executive
  Officers; and
• The ratification of the appointment of RSM US LLP as our independent
  registered public accounting firm for the fiscal year ending December
  31, 2019.

87,971,072 votes were cast at the Annual Meeting. Of such total votes
cast, the proposal for election of each of the Anworth Board of
Director’s nominee for director passed with affirmative votes exceeding 87.10%
of the votes cast (excluding abstentions and broker non-votes); the
advisory vote to approve the compensation of our Named Executive
Officers passed with affirmative votes exceeding 63.45%
of the votes cast (excluding abstentions and broker non-votes); and the
proposal for ratification of the appointment of RSM US LLP as our
independent registered public accounting firm for the fiscal year ending
December 31, 2019 passed with affirmative votes exceeding 96.66%
of the votes cast (excluding abstentions but including broker
non-votes). The final voting results for each proposal will be filed
today with the U.S. Securities and Exchange Commission on a Current
Report on Form 8-K and will be available for viewing on our website at http://www.anworth.com.

About Anworth Mortgage Asset Corporation

We are an externally-managed mortgage real estate investment trust
(“REIT”). We invest primarily in mortgage-backed securities that are
either rated “investment grade” or are guaranteed by federally sponsored
enterprises, such as Fannie Mae or Freddie Mac. We seek to generate
income for distribution to our shareholders primarily based on the
difference between the yield on our mortgage assets and the cost of our
borrowings. We are managed by Anworth Management LLC (our “Manager”),
pursuant to a management agreement. Our Manager is subject to the
supervision and direction of our Board and is responsible for (i) the
selection, purchase, and sale of our investment portfolio; (ii) our
financing and hedging activities; and (iii) providing us with portfolio
management, administrative, and other services and activities relating
to our assets and operations as may be appropriate. Our common stock is
traded on the New York Stock Exchange under the symbol “ANH.” Anworth
Mortgage Asset Corporation is a component of the Russell 2000® Index.

Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995

This news release may contain forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are based upon
our current expectations and speak only as of the date hereof.
Forward-looking statements, which are based on various assumptions (some
of which are beyond our control) may be identified by reference to a
future period or periods or by the use of forward-looking terminology,
such as “may,” “will,” “believe,” “expect,” “anticipate,” “assume,”
“estimate,” “intend,” “continue,” or other similar terms or variations
on those terms or the negative of those terms. Our actual results may
differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors and
uncertainties, including but not limited to, changes in interest rates;
changes in the market value of our mortgage-backed securities; changes
in the yield curve; the availability of mortgage-backed securities for
purchase; increases in the prepayment rates on the mortgage loans
securing our mortgage-backed securities; our ability to use borrowings
to finance our assets and, if available, the terms of any financing;
risks associated with investing in mortgage-related assets; changes in
business conditions and the general economy, including the consequences
of actions by the U.S. government and other foreign governments to
address various financial and economic issues and our ability to respond
to and comply with such actions and changes; implementation of or
changes in government regulations affecting our business; our ability to
maintain our qualification as a real estate investment trust for federal
income tax purposes; our ability to maintain an exemption from the
Investment Company Act of 1940, as amended; risks associated with our
home rental business; and the Manager’s ability to manage our growth.
Our Annual Report on Form 10-K and other SEC filings discuss the most
significant risk factors that may affect our business, results of
operations and financial condition. We undertake no obligation to revise
or update publicly any forward-looking statements for any reason.

Contacts

Anworth Mortgage Asset Corporation
John
T. Hillman
1299 Ocean Avenue, Second Floor
Santa Monica,
CA 90401
(310) 255-4438 or (310) 255-4493
Email: jhillman@anworth.com
Web
site: http://www.anworth.com