Anworth Schedules Second Quarter Earnings Release and Conference Call

Anworth Mortgage Asset Corporation (NYSE: ANH) (the “Company”) announced
today that it will release its financial results for the second quarter
of 2018 at the halt of trading on the New York Stock Exchange on
Thursday, August 2, 2018.

Mr. Lloyd McAdams, Anworth’s Chairman of the Board and Chief Executive
Officer, will host a conference call and live audio webcast on Friday,
August 3, 2018 at 1:00 PM Eastern Time, 10:00 AM Pacific Time, to
discuss the Company’s second quarter 2018 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 3, 2018. 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 10122821. 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 home page.

About Anworth Mortgage Asset Corporation

Anworth is an externally-managed mortgage real estate investment trust
(“REIT”). Our principal business is to invest primarily in
mortgage-backed securities which 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 of Directors 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 management services 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 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.

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