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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 Harbors Investment Corp (NYSE: TWO) has announced its preliminary estimated financial results for Q4 2022. As of December 31, 2022, the estimated book value per common share ranges from $17.70 to $17.74. The estimated comprehensive income is between $1.83 and $1.87 per share, while earnings available for distribution are estimated between $0.25 and $0.27 per share. The GAAP debt-to-equity ratio stands at 4.4x and economic debt-to-equity at 6.3x. An increase in book value of approximately 3% has been noted through January 18, 2023. The final results will be reported on February 8, 2023.
Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q4 ending
Two Harbors Investment Corp (NYSE: TWO) announced a fourth quarter dividend of $0.60 per share for common stock. This dividend is payable on January 27, 2023, to stockholders of record as of January 5, 2023. The company's decision on dividends is influenced by factors like earnings, portfolio return potential, and market conditions. Additionally, preferred stock dividends were declared for Series A, B, and C, with amounts ranging from $0.45313 to $0.50781, payable on the same date to respective stockholders.
Two Harbors Investment Corp. (NYSE: TWO) reported a book value of $16.42 per common share for Q3 2022, reflecting a quarterly economic return of -16.2%. The company experienced a comprehensive loss of $287.8 million, equating to $(3.35) per basic share. Earnings Available for Distribution stood at $55.2 million, or $0.64 per share. The debt-to-equity ratio rose to 5.5x, with economic debt-to-equity at 7.5x. A quarterly dividend of $0.68 was declared. Post-quarter, the company repurchased 2.9 million shares, contributing $0.26 to book value. A reverse stock split was implemented on November 1, 2022.
Two Harbors Investment Corp. (NYSE: TWO) has successfully executed a one-for-four reverse stock split, reducing its outstanding shares from approximately 345 million to 86 million. Correspondingly, the authorized shares decreased from 700 million to 175 million, while the par value per share remains unchanged. Shareholders are advised to consult with their financial and tax advisors regarding the implications of this move. The company emphasizes that the press release includes forward-looking statements that involve risks and uncertainties, as detailed in its SEC filings.
Two Harbors Investment Corp (NYSE: TWO) reported preliminary estimated financial results for Q3 2022. The estimated book value per share is between $4.09 and $4.13, while comprehensive loss is estimated at $0.81 to $0.85 per share. Earnings Available for Distribution (EAD) is projected to be between $0.15 and $0.17 per share. The company's liquidity remains strong, with approximately $730 million in unrestricted cash. Q3 actual results will be announced on November 8, 2022.
Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q3 2022 after market close on November 8, 2022. The company, which focuses on Agency and MSR mortgage-backed securities, will host a conference call on November 9, 2022, at 9:00 a.m. ET to discuss these results. Investors can access the call via the company's website or by phone. Playback will be available until November 23, 2022. Further information can be found on their official website and the SEC site.
Two Harbors Investment Corp (NYSE: TWO) has announced a dividend of $0.17 per share for common stock for Q3 2022, payable on October 28, 2022, with the record date of October 3, 2022. Preferred stock dividends include $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C, payable on October 27, 2022. Additionally, the company will implement a 1-for-4 reverse stock split effective November 1, 2022, to enhance share price and market appeal.
Two Harbors Investment Corp (NYSE: TWO) is set to present at the 2022 Barclays Global Financial Services Conference on September 12, 2022, at 2:45 p.m. ET. The conference will take place at the Hilton Midtown in New York City. Investors can access a live webcast of the presentation through the company’s website, with a replay available for one year. Two Harbors, a Maryland-based REIT, focuses on residential mortgage-backed securities and mortgage servicing rights.
Two Harbors Investment Corp (NYSE: TWO) has appointed Nick Letica as its new Chief Investment Officer (CIO), succeeding William Greenberg, who retains his roles as President and CEO. Letica, with over 30 years of experience in the Agency mortgage sector, previously held leadership roles at TD Securities and Citigroup. The company expects Letica to enhance its Investment and Hedging Strategy, aiming to provide attractive risk-adjusted returns to shareholders.
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