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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) reported a book value of $6.40 per common share for Q3 2021, reflecting a 2.3% quarterly return. The company generated comprehensive income of $45.2 million, with earnings available for distribution (EAD) at $73.6 million or $0.24 per share. A dividend of $0.17 was declared. Significant growth was noted in the mortgage servicing rights (MSR) portfolio, with $29 billion UPB settled. Following capital issuances, $21 billion UPB of MSR is expected to be settled in upcoming quarters.
Two Harbors Investment Corp (NYSE: TWO) announced a public offering of 30 million shares of common stock, priced to yield
Two Harbors Investment Corp (NYSE: TWO) has announced an underwritten public offering of 30,000,000 shares of its common stock, with an additional 4,500,000 share option for underwriters. The net proceeds will be used to acquire residential mortgage-backed securities, mortgage servicing rights, and other financial assets while adhering to investment guidelines. This follows the company's existing shelf registration with the SEC from February 2021. Citigroup, Credit Suisse, and RBC Capital Markets are managing the offering.
Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q3 ended September 30, 2021, after market close on November 8, 2021. A conference call is scheduled for November 9, 2021, at 9:00 a.m. ET to discuss the results. The call will be accessible via webcast on the company's website. For those unable to attend, a playback will be available from November 9 at 12:00 p.m. ET until November 23, 2021. Two Harbors is a Maryland-based REIT that invests in residential mortgage-backed securities and mortgage servicing rights.
Two Harbors Investment Corp (NYSE: TWO) has announced a third-quarter dividend of
Two Harbors Investment Corp (NYSE: TWO) has announced that President and CEO Bill Greenberg, along with CFO Mary Riskey, will present at the Barclays Global Financial Services Conference on September 14, 2021, at 3:30 p.m. ET. The presentation will highlight the company's investment strategy and market outlook. Interested parties can access the live webcast on the company’s website, with a replay available for one year. Two Harbors focuses on residential mortgage-backed securities and mortgage servicing rights, operating from Minnetonka, MN.
Two Harbors Investment Corp. (NYSE: TWO) reported a comprehensive loss of $194.6 million for Q2 2021, equating to an annualized return on equity of (40.7)%. The book value per share decreased to $6.42, reflecting a (9.6)% quarterly return. Despite challenges in the RMBS sector, core earnings reached $51.5 million or $0.19 per share, supported by a declared dividend of $0.17. Following an underwritten offering that raised $256.5 million, the total portfolio size decreased to $17.1 billion, with significant growth in the mortgage servicing rights (MSR) portfolio.
Two Harbors Investment Corp. (NYSE: TWO) will announce its financial results for Q2 2021 on August 4, 2021, post-market close. A conference call is scheduled for August 5, 2021, at 9:00 a.m. ET to discuss these results. Interested participants can join the call by calling (877) 502-7185, or listen live online through the company’s investor website. A playback of the call will be available from August 5 through August 19, 2021. Two Harbors, based in Minnetonka, MN, specializes in investments in residential mortgage-backed securities and other related assets.
Two Harbors Investment Corp (NYSE: TWO) has announced a public offering of 40,000,000 shares of its common stock, targeting total gross proceeds of approximately $260 million, excluding underwriting fees. The underwriters have a 30-day option to purchase an additional 6,000,000 shares. The offering is expected to close around July 15, 2021. Proceeds will be used for acquiring residential mortgage-backed securities, mortgage servicing rights, and for general corporate purposes, ensuring adherence to REIT qualification requirements.
Two Harbors Investment Corp (NYSE: TWO) has initiated a public offering of 40 million shares of common stock, with an option for underwriters to purchase an additional 6 million shares. Proceeds from the offering are intended for acquiring assets such as residential mortgage-backed securities and mortgage servicing rights, aligning with the company's investment guidelines. Goldman Sachs & Co. LLC and J.P. Morgan are the joint book-running managers for the offering, built upon a previously filed shelf registration statement.
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