Welcome to our dedicated page for Two Harbors Investment news (Ticker: TWO), a resource for investors and traders seeking the latest updates and insights on Two Harbors Investment stock.
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) declared a first quarter dividend of $0.17 per share on March 18, 2021, payable on April 29, 2021, to shareholders of record as of March 29, 2021. Additionally, preferred stock dividends were announced, including $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C, all payable on April 27, 2021, to respective holders recorded by April 12, 2021.
Two Harbors Investment Corp (NYSE: TWO), an Agency + MSR mortgage REIT, announced its participation in the RBC Capital Markets Global Financial Institutions Conference from March 9-10, 2021. Bill Greenberg, President and CEO, will discuss market updates and investment opportunities in the mortgage finance sector on March 10 at 2:00 pm EST. The panel will be webcast and accessible on the company's website, with a replay available for one year. Additional information can be found on the SEC's website or by contacting Two Harbors directly.
Two Harbors Investment Corp (NYSE: TWO) will hold its 2021 Annual Meeting of Stockholders virtually on May 19, 2021, at 10 a.m. EDT. Eligible stockholders, determined as of March 26, 2021, can vote their shares and submit questions using a 16-digit control number. Attendance is available online at www.virtualshareholdermeeting.com/TWO2021. A replay of the meeting will be accessible for one year. For more information, visit the SEC's site or contact Two Harbors directly.
Two Harbors Investment Corp (NYSE: TWO), a mortgage real estate investment trust, will participate in the 22nd Annual Credit Suisse Virtual Financial Services Forum on February 24-26, 2021. CEO Bill Greenberg and CIO Matt Koeppen will discuss the company’s business fundamentals and investment strategy, starting at 3:30 PM EST on February 24. The presentation will be webcast and accessible through Two Harbors’ website, with a replay available for one year.
Two Harbors Investment Corp. (NYSE: TWO) reported its financial results for Q4 2020, showing a book value of $7.63 per share and a 5.8% return on book value. The comprehensive income reached $113.5 million with an annualized return on equity of 22.1%. Core earnings stood at $82 million, equating to $0.30 per share. A quarterly dividend of $0.17 per share was declared, marking a 21% increase from the previous quarter. The company also reported a 136% year-over-year growth in its mortgage servicing rights (MSR) purchases.
Two Harbors Investment Corp (NYSE: TWO) announced the redemption of all outstanding shares of its 7.75% Series D and 7.50% Series E Cumulative Redeemable Preferred Stock, effective March 15, 2021. The cash redemption amount is $25.00 per share plus accrued dividends. On the redemption date, dividends will cease to accumulate, and rights associated with these shares will terminate, except for the right to receive the redemption amount. Holders must surrender their shares to Equiniti Trust Company for payment.
Two Harbors Investment Corp (NYSE: TWO) has successfully closed its public offering of $287.5 million in 6.25% convertible senior notes due 2026. The offering includes $37.5 million sold to underwriters via an option to purchase additional notes. The notes are unsecured and convertible into the company's common stock at an initial price of $7.38 per share, maturing in January 2026. Approximately $279.9 million will be net proceeds, mainly used to repurchase existing convertible senior notes and for general corporate purposes.
Two Harbors Investment Corp. (NYSE: TWO) announced the tax treatment of its 2020 common and preferred stock dividends. No portion of the 2020 dividends is classified as excess inclusion income, which could affect certain tax-exempt investors. The company's fourth-quarter common stock distribution of $0.170, payable on January 29, 2021, will be reported for tax purposes in 2021 due to insufficient earnings. Stockholders are advised to consult their tax advisors regarding their individual tax situations and to review 2020 tax statements from their brokerages.
Two Harbors Investment Corp (NYSE: TWO) has priced a public offering of $250 million in 6.25% convertible senior notes due 2026. The offering includes a 13-day option for underwriters to purchase an additional $37.5 million in notes for over-allotments. The unsecured notes will pay semiannual interest and are convertible into shares at an initial conversion rate of 135.5014 shares per $1,000. Proceeds will partially fund repurchases of existing notes due 2022 and for general corporate purposes. The offering is expected to close by February 1, 2021.
Two Harbors Investment Corp (NYSE: TWO) announced plans to offer up to $250 million in convertible senior notes due 2026, with an option for underwriters to purchase an additional $37.5 million. The unsecured notes will pay interest semiannually and are convertible into common stock. The company aims to use proceeds primarily to repurchase existing convertible notes and for general corporate purposes, including asset purchases. J.P. Morgan, Barclays, and RBC Capital Markets are managing the offering.
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