On May 22, 2019, Mr. Lee A. Ault, III, a director on the board of directors of Anworth Mortgage Asset Corporation (“Anworth”) and a member of the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee of the Board, retired from the Board and each committee. Mr. Ault’s retirement from the Board did not stem from any disagreement with Anworth or its management, operations, policies, or practices. Mr. Ault did not stand for re-election to the Board at Anworth’s 2019 Annual Meeting of Stockholders, and accordingly, his term expired on May 22, 2019, the date of the 2019 Annual Meeting and his retirement from the Board.