Two Harbors Investment Corp. - $TWO STOCK NEWS

Two Harbors Investment Corp. (TWO) announces the release of financial results for the first quarter of 2024, with a conference call scheduled for April 30, 2024. TWO is a real estate investment trust investing in mortgage servicing rights and residential mortgage-backed securities.

Two Harbors Investment Corp. (TWO) declares a dividend of $0.45 per share for the first quarter of 2024. The company also announces preferred stock dividends for Series A, B, and C. Two Harbors is a real estate investment trust focusing on mortgage servicing rights and residential mortgage-backed securities.

Two Harbors Investment Corp. appoints Sanjiv Das, a seasoned mortgage industry expert, to its Board of Directors. Das brings extensive experience from Pagaya Technologies Ltd. and previous leadership roles in major financial institutions.

Two Harbors Investment Corp. announces President and CEO Bill Greenberg's participation in the 2024 RBC Capital Markets Global Financial Institutions Conference. The company focuses on MSR + Agency RMBS real estate investments and is headquartered in St. Louis Park, Minnesota.

Two Harbors Investment Corp. announces virtual Annual Meeting of Stockholders on May 15, 2024, allowing stockholders to vote and submit questions electronically. The meeting will be accessible for one year after the event.

Two Harbors Investment Corp. (TWO) announced the retirement of Mary Riskey, Vice President and CFO, initiating a search for her successor. The company expressed gratitude for her contributions and plans for her to continue until August 2024 or until a replacement is found. TWO is a real estate investment trust investing in residential mortgage-backed securities, mortgage servicing rights, and other financial assets.

Two Harbors Investment Corp. (TWO) reported a book value of $15.21 per common share and declared a fourth quarter common stock dividend of $0.45 per share, resulting in a 2.0% quarterly economic return on book value. The company generated Comprehensive Income of $38.9 million and Income Excluding Market-Driven Value Changes (IXM) of $0.39 per weighted average basic common share. TWO issued 7.0 million shares of common stock through an ATM offering program for total proceeds of $97.8 million, repurchased 221,806 shares of preferred stock, and settled $829.1 million unpaid principal balance (UPB) of MSR through flow-sale acquisitions. The company also closed the acquisition of RoundPoint Mortgage Servicing LLC, declared dividends of $1.95 per common share, and yielded a 2023 total economic return on book value of (3.2)%. In addition, TWO issued 17.1 million shares of common stock through both an underwritten common stock offering and ATM offering program, repurchased 735,624 shares of preferred stock, and settled $27.5 billion UPB of MSR through flow-sale acquisitions and bulk purchases. The company's President and CEO, Bill Greenberg, expressed pride in the achievements and strategic moves made to drive value for shareholders, emphasizing the company's well-positioned portfolio for the current and expected market environments.

Two Harbors Investment Corp. (TWO) announced the tax treatment of the company’s common stock and preferred stock dividends declared in 2023. Stockholders should review their tax statements and consult with their tax advisors. The company reported no portion of its 2023 dividends as excess inclusion income and provided detailed information on the tax treatment of common and preferred distributions for 2023 and 2024.

Two Harbors Investment Corp. (TWO), a real estate investment trust, will release financial results for the quarter ended December 31, 2023, on January 29, 2024. The company will host a conference call on January 30, 2024, to review the financial results. Two Harbors invests in residential mortgage-backed securities, mortgage servicing rights, and other financial assets. Stockholders and interested individuals can find additional information on the company's website and the Securities and Exchange Commission's Internet site.