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Two Harbors Investment Corp. (NYSE: TWO) is a real estate investment trust (REIT) headquartered in New York, NY. The company specializes in investing in and managing a diversified portfolio of residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSRs), and commercial real estate.
Two Harbors is externally managed by PRCM Advisers LLC, a wholly-owned subsidiary of Pine River Capital Management L.P. This external management arrangement provides the company access to a wealth of expertise and strategic guidance.
The company's investment portfolio is primarily focused on agency RMBS, which are securities backed by government-sponsored enterprises such as Fannie Mae and Freddie Mac, and non-agency RMBS, which are privately issued and not guaranteed by the government. This balanced approach allows for diversification and risk management.
Revenue for Two Harbors is predominantly derived from interest income on its investments. Available-for-sale securities contribute significantly to this income, supplemented by residential mortgage loans held for investment within securitization trusts. This income model allows the company to maintain a steady revenue stream while managing the complexities of the real estate and mortgage markets.
Recent Achievements and Current Projects:
- Strategic acquisitions: Two Harbors has been actively acquiring additional RMBS and MSRs to strengthen its portfolio.
- Technological advancements: The company has implemented advanced analytics and technology to optimize investment strategies and risk management.
- Partnerships: Collaborations with key industry players to enhance market presence and investment capabilities.
With a commitment to delivering strong returns for its shareholders, Two Harbors Investment Corp. continues to adapt and evolve in the ever-changing landscape of the real estate investment market. For more information, visit www.twoharborsinvestment.com.
TWO (NYSE: TWO), an MSR-focused REIT, has announced its 2025 Annual Meeting of Stockholders will be held virtually on May 14, 2025 at 10:00 a.m. Eastern Time. Stockholders of record as of March 19, 2025 will be eligible to attend, vote, and submit questions during the virtual meeting.
Participants can join via http://www.virtualshareholdermeeting.com/TWO2025 using their 16-digit control number found in their proxy materials. A replay will be available for one year after the meeting at the same web address. Stockholders are advised to log in 15 minutes before the meeting start time.
Two Harbors Investment Corp (TWO) has released its 2024 dividend tax information for common and preferred stockholders. The company declared quarterly common stock dividends of $0.45 per share, totaling $1.80 for 2024. Of this amount, $1.20090 represents ordinary dividends, with $0.67808 qualifying for capital gains tax rates. The preferred stock Series A, B, and C will receive quarterly distributions of $0.50781, $0.47656, and $0.45313 per share respectively.
No portion of TWO's 2024 dividend distributions is expected to consist of excess inclusion income. The company notes that distributions declared in December 2024 with record dates in January 2025 will be treated as 2025 distributions for tax purposes.
Two Harbors Investment Corp. (TWO) reported its Q4 2024 financial results, highlighting its MSR-focused strategy. The company reported a book value of $14.47 per common share and declared a Q4 dividend of $0.45 per share. TWO incurred a Comprehensive Loss of $(1.6) million, or $(0.03) per share.
Key operational highlights include settling $2.5 billion in unpaid principal balance (UPB) of MSR through bulk and flow-sale acquisitions, maintaining a portfolio with 4.93% CPR and 0.90% delinquency rate. For the full year 2024, TWO declared dividends of $1.80 per common share and generated a 7.0% total economic return on book value.
The company's portfolio comprised $10.4 billion of Agency RMBS, MSR, and other investment securities, plus $4.4 billion in net long TBA securities. Management noted decreased mortgage spread volatility and expects slow prepayment rates in 2025, viewing this as positive for their MSR-centric strategy.
Two Harbors Investment Corp (TWO) announced the passing of W. Reid Sanders, a founding Board member who served since October 2009. Board Chairman Stephen Kasnet and CEO Bill Greenberg both expressed deep sadness at the loss, highlighting Sanders' role in guiding the company through years of growth and innovation.
Sanders, who was President of Sanders Properties, Inc., had an extensive career in commercial real estate and financial services. He served on multiple public and private company boards and was known for his philanthropic work in the Southeast. His contributions to TWO were marked by his business acumen, integrity, and positive influence on the company's evolution.
Two Harbors Investment Corp (NYSE: TWO), an MSR-focused REIT, has scheduled its fourth quarter 2024 financial results announcement for January 29, 2025, after market close. The company will host a conference call and webcast to discuss the results on January 30, 2025 at 9:00 a.m. ET.
Investors can access the live webcast through the News & Events section of TWO's website at www.twoinv.com. A replay will be available approximately four hours after the live call. For telephone participation, investors should call (888) 394-8218 about 10 minutes before the start time using Conference Code 1186961.
Two Harbors Investment Corp (NYSE: TWO) has announced its dividend distributions for Q4 2024. The company declared a common stock dividend of $0.45 per share, payable on January 29, 2025, to stockholders of record as of January 3, 2025. Additionally, TWO announced preferred stock dividends: $0.50781 per share for Series A (8.125%), $0.47656 per share for Series B (7.625%), and $0.45313 per share for Series C (7.25%). These preferred dividends will be paid on January 27, 2025, to stockholders of record as of January 10, 2025.
TWO has announced the appointment of Travis Swenson as Chief Financial Officer, effective May 5, 2025. Prior to this date, Swenson will serve as Deputy CFO, reporting to Interim CFO William Dellal, who will resign on the effective date. Swenson brings extensive experience from his previous roles as CFO at Colliers Mortgage Holdings (2020-2024), Global Head of Client Accounting Services at WeWork (2019-2020), and Senior Managing Director at CBRE (2013-2019). He also spent 13 years at Deloitte & Touche LLP in various positions. Swenson, a licensed CPA, holds a Bachelor of Accountancy and an MBA.
Two Harbors Investment Corp. (TWO) reported its Q3 2024 financial results, generating Comprehensive Income of $19.3 million ($0.18 per share). The company declared a quarterly dividend of $0.45 per share and reported book value of $14.93 per share, representing a 1.3% quarterly economic return. TWO settled $3.3 billion in MSR acquisitions and completed its first full quarter of direct-to-consumer originations. The portfolio comprised $11.4 billion of Agency RMBS, MSR, and other securities, plus $5.0 billion in TBA positions. Post-quarter, TWO committed to purchase an additional $2.1 billion UPB of MSR.
Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS real estate investment trust, has announced the release of its third quarter 2024 financial results. The company will disclose its financial performance for the quarter ended September 30, 2024, after market close on October 28, 2024. Following this, Two Harbors will host a conference call and live webcast on October 29, 2024, at 9:00 a.m. ET to review the results.
Investors can access the webcast through the News & Events section of the company's website. For those unable to attend, a replay will be available approximately four hours after the live call ends. To join via teleconference, participants should call toll-free (888) 394-8218 about 10 minutes before the start time and provide the Conference Code 5083733.
Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS REIT, has announced its third quarter 2024 dividend for common and preferred stockholders. The company declared a dividend of $0.45 per share of common stock, payable on October 29, 2024, to stockholders of record as of October 1, 2024. Additionally, Two Harbors declared dividends for its preferred stock series: $0.50781 per share for Series A, $0.47656 per share for Series B, and $0.45313 per share for Series C. These preferred dividends will be paid on October 28, 2024, to stockholders of record as of October 11, 2024. The company, headquartered in St. Louis Park, MN, invests in mortgage servicing rights, residential mortgage-backed securities, and other financial assets.
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