QUANTUMONLINE.COM SECURITY DESCRIPTION:  Ready Capital Corp, 6.25% Series C Cumulative Convertible Preferred Stock, formerly Anworth Mortgage Asset Corp., 6.25% Series B Cumulative Convertible Preferred Stock, liquidation preference $25 per share, and with no stated maturity. Distributions of 6.25% ($1.5625) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the last day of the month prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The preferred shares are convertible any time at the holder's option into 2.3809 common shares of Anworth Mortgage Asset Corp. (NYSE: ANH), an initial conversion price of $10.50 per common share. 1.0505 common shares of Ready Capital Corp. (NYSE: RC), an initial conversion price of $10.50 $23.7981 per common share. On or after 1/25/2012, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. Under certain conditions, the holder may require the company to repurchase the preferred shares (see prospectus for details). In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
NYSE Chart	6.25% $1.56	$25.00 $25.00	1/25/2012 None	NF NF 12/31/2023	1.0505 $23.7981	1/15, 4/15, 7/15 & 10/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Notes:  March 15, 2021 -- Anworth Mortgage Asset Corporation (NYSE: ANH) announced that in accordance with the terms of Anworth’s 6.25% Series B Cumulative Convertible Preferred Stock, or Series B Preferred Stock, the conversion rate of the Series B Preferred Stock has increased from 6.2176 shares of Anworth’s common stock to 6.2235 shares of its common stock effective March 16, 2021. March 04, 2021 -- Anworth Mortgage Asset Corporation (NYSE: ANH) announced today that the closing date of the Merger (defined below) is expected to be March 19, 2021 (the “Expected Closing Date”). As previously announced, on December 6, 2020, Anworth entered into an Agreement and Plan of Merger with Ready Capital Corporation, a Maryland corporation (“Ready Capital”), and RC Merger Subsidiary, LLC, a Delaware limited liability company and a wholly owned subsidiary of Ready Capital (“Merger Sub”), pursuant to which, subject to the terms and conditions therein, Anworth will be merged with and into Merger Sub, with Merger Sub continuing as the surviving company (such transaction, the “Merger”). On the Expected Closing Date, among other things, each share of Anworth’s 6.25% Series B Cumulative Convertible Preferred Stock, $0.01 par value per share (the “Series B Preferred Stock”), will be converted into the right to receive one share of a newly designated series of Ready Capital preferred stock, par value $0.0001 per share, which Ready Capital expects will be classified and designated as Ready Capital’s Series C Preferred Stock. December 31, 2020 -- Anworth Mortgage Asset Corporation (NYSE: ANH) announced that in accordance with the terms of Anworth’s 6.25% Series B Cumulative Convertible Preferred Stock, or Series B Preferred Stock, the conversion rate of the Series B Preferred Stock has increased from 6.1874 shares of Anworth’s common stock to 6.2176 shares of its common stock effective January 2, 2021. 12/31/2014 -- The conversion rate was reset on 12/31/2014 to 4.2029. From the Form 10-Q filed with the SEC on 5/8/2014 -- When we pay any cash dividend during any quarterly fiscal period to all or substantially all of our common stockholders in an amount that results in an annualized common stock dividend yield that is greater than 6.25% (the dividend yield on our Series B Preferred Stock), the conversion rate on our Series B Preferred Stock is adjusted based on a formula specified in the Articles Supplementary Establishing and Fixing the Rights and Preferences of the Series B Preferred Stock. This conversion rate increased on April 1, 2014 from 3.9881 shares of our common stock to 4.0411 shares of our common stock (a calculated current conversion price of $6.186 per common share ($25/4.0411))..

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HOME PAGE:     https://readycapital.com/
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Email Address	InvestorRelations@readycapital.com
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Address and Phone Numbers

Address:   1251 Avenue of the Americas, 50th Floor, New York, NY 10036
Main Phone Number	212-257-4600
Fax Number	Not Available
Investor Contact	212-257-4666

CEO - Thomas E. Capasse

CFO - Andrew Ahlborn