PR Newswire | Dec 9, 2020 01:58PM EST

12/09 12:57 CST

SHAREHOLDER ALERT: WeissLaw LLP Investigates Anworth Mortgage Asset Corporation NEW YORK, Dec. 9, 2020

NEW YORK, Dec. 9, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Anworth Mortgage Asset Corporation ("ANH" or the "Company") (NYSE: ANH) in connection with the proposed acquisition of the Company by Ready Capital Corporation ("Ready Capital") (NYSE: RC). Under the terms of the acquisition agreement, the Company's shareholders will receive 0.1688 shares of Ready Capital and $0.61 in cash for each share of ANH common stock that they own, representing implied per-share merger consideration of approximately $2.68 based upon Ready Capital's December 8, 2020 closing price of $12.27. Upon closing of the proposed transaction, ANH stockholders are expected to own just 24% of the combined company.

If you own ANH shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

http://www.weisslawllp.com/ANH/

Or please contact:Joshua Rubin, Esq.WeissLaw LLP1500 Broadway, 16th FloorNew York, NY 10036(212) 682-3025(888) 593-4771stockinfo@weisslawllp.com

WeissLaw is investigating whether ANH's board acted in the best interest of ANH's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of the proposed acquisition of the Company, and whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

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SOURCE WeissLaw LLP