Anworth Schedules First Quarter Earnings Release and Conference Call

SANTA MONICA, Calif.–(BUSINESS WIRE)–Anworth
Mortgage Asset Corporation (NYSE: ANH) (the “Company”) announced
today that it will release its financial results for the first quarter
of 2019 at the halt of trading on the New York Stock Exchange on Friday,
May 3, 2019.

Mr. Joe McAdams, Anworth’s Chief Executive Officer, will host a
conference call and live audio webcast on Monday, May 6, 2019 at 1:00 PM
Eastern Time, 10:00 AM Pacific Time, to discuss the Company’s first
quarter financial results.

The dial-in number for the conference call is 877-504-2731 for U.S.
callers (international callers should dial 412-902-6640 and Canadian
callers should dial 855-669-9657). When dialing in, participants should
ask to be connected to the Anworth Mortgage earnings call. Replays of
the call will be available for a 7-day period commencing at 3:00 PM
Eastern Time on May 6, 2019. The dial-in number for the replay is
877-344-7529 for U.S. callers (international callers should dial
412-317-0088 and Canadian callers should dial 855-669-9658) and the
conference number is 10131180. The conference call will also be webcast
over the Internet which can be accessed on Anworth’s web site at http://www.anworth.com
through the corresponding link located on the top of the home page.

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; 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 our 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 – Director of
Investor Relations
1299 Ocean Avenue, 2nd Floor
Santa Monica,
CA 90401
(310) 255-4438 or (310) 255-4493
Email: jhillman@anworth.com
Web
site: http://www.anworth.com