SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) - January 23, 2002
ANWORTH MORTGAGE ASSET CORPORATION
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(Exact name of Registrant as specified in its Charter)
Maryland 001-13709 52-2059785
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation or Organization) File Number) Identification No.)
1299 Ocean Avenue, Suite 200, Santa Monica, California 90401
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (310) 394-0115
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Not Applicable
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(Former Name or Former Address, if Changed since Last Report)
Item 7. Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
Exhibit 99.1
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Press Release dated January 23, 2002 of the Registrant.
Item 9. Regulation FD Disclosure.
A. On January 23, 2002, Anworth Mortgage Asset Corporation issued a press
release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
B. On January 23, 2002, we reported our unaudited results of operations
for the quarter and year ended December 31, 2001. For the quarter ended
December 31, 2001, we reported earnings of $1,444,000 or $0.54 per share based
on 2,658,427 weighted average common shares outstanding and $0.53 per share on a
fully diluted basis. For the year ended December 31, 2001, our earnings were
$3,706,000 or $1.50 per share based on the weighted average common shares
outstanding for 2001 on a fully diluted basis.
At December 31, 2001, we held total assets of $424.6 million and our
mortgage assets included 63% in adjustable-rate mortgage-backed securities, 21%
in hybrid adjustable-rate mortgage-backed securities, 13% in fixed-rate
mortgage-backed securities and 2% in collateralized mortgage obligations. Our
total assets at December 31, 2001 included $216.9 million in mortgage-backed
securities purchased since the closings of our public offering and private
placement on December 27, 2001. At December 31, 2001, approximately 99.6% of our
mortgage assets were guaranteed by an agency of the United States government
such as Fannie Mae or Freddie Mac. The weighted average maturity of our
outstanding repurchase agreements increased from 68 days as of September 30,
2001 to 179 days as of December 31, 2001.
Between January 1, 2002 and January 18, 2002 we purchased $112.1 million in
mortgage-backed securities guaranteed by an agency of the United States
government.
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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: January 23, 2002 By: /s/ Joseph Lloyd McAdams
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Name: Joseph Lloyd McAdams
Title: President and Chief Executive Officer
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EXHIBIT INDEX
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Exhibit Number Description
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99.1 Press Release dated January 23, 2002, of the Registrant.
EXHIBIT INDEX
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