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Anworth Schedules Second Quarter Earnings Release and Conference Call

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Anworth Mortgage Asset Corporation (NYSE: ANH) (the Company) announced today that it will release its financial results for the second quarter of 2020 at the halt of trading on the New York Stock Exchange on Monday, August 3, 2020.

Joe McAdams, Anworths Chief Executive Officer, will host a conference call and live audio webcast on Tuesday, August 4, 2020 at 1:00 PM Eastern Time, 10:00 AM Pacific Time, to discuss the Companys second 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 August 4, 2020. 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 10146887. The conference call will also be webcast over the Internet which can be accessed on Anworths 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; the scope and duration of the COVID-19 (coronavirus) pandemic, including actions taken by governmental authorities to contain the spread of the virus, and the impact on our business and the general economy; 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 Managers 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.

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: [email protected]

Web site: http://www.anworth.com