UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
September 7, 2007 (August 31, 2007)
Date of Report (Date of earliest event reported)
ANWORTH MORTGAGE ASSET CORPORATION
(Exact Name of Registrant as Specified in its Charter)
| Maryland | ||
| (State or Other Jurisdiction of Incorporation) | ||
| 001-13709 | 52-2059785 | |
| (Commission File Number) | (IRS Employer Identification No.) |
| 1299 Ocean Avenue, 2nd Floor, Santa Monica, California | 90401 | |
| (Address of Principal Executive Offices) | (Zip Code) |
(310) 255-4493
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 2.01 | Completion of Acquisition or Disposition of Assets. |
As of August 31, 2007, Anworth Mortgage Asset Corporation (“Anworth”) has conducted sales of mortgage-backed securities (“MBS”) from its portfolio consisting of Agency MBS and AAA-rated Non-Agency MBS. Anworth received aggregate cash proceeds of approximately $679 million. These MBS were sold in a series of transactions, and while each of these transactions was individually insignificant, in the aggregate the amount of assets sold constituted a significant amount of assets. Anworth is unable to identify the purchasers of the MBS because the securities were sold through securities dealers.
A copy of the press release issued by Anworth on September 7, 2007 announcing the sales of the MBS is being filed herewith as Exhibit 99.1 and is incorporated into this Item 2.01 by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (a) | Not Applicable. | |
| (b) | Not Applicable. | |
| (c) | Not Applicable. | |
| (d) | Exhibits. | |
| Exhibit # | Description | |
| 99.1 | Press release issued on September 7, 2007 by Anworth Mortgage Asset Corporation | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| ANWORTH MORTGAGE ASSET CORPORATION | ||||||||
| Date: September 7, 2007 |
By: | /s/ Joseph Lloyd McAdams | ||||||
| Title: Chairman of the Board, President and Chief Executive Officer | ||||||||
EXHIBIT INDEX
| Exhibit # | Description | |
| 99.1 | Press release issued on September 7, 2007 by Anworth Mortgage Asset Corporation | |