Welcome to our dedicated page for Two Hbrs Invt news (Ticker: TWO), a resource for investors and traders seeking the latest updates and insights on Two Hbrs Invt stock.
Two Harbors Investment Corp. (NYSE: TWO) is an MSR-focused real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. News about Two Harbors often centers on its mortgage finance activities, portfolio composition, financing arrangements and corporate transactions, all of which are relevant to investors following the mortgage and real estate investment trust sectors.
Regular news items include quarterly earnings releases, where the company reports book value per common share, economic return on book value, comprehensive income or loss, and earnings available for distribution. These releases also summarize the composition of the MSR and Agency RMBS portfolio, including unpaid principal balance, coupon characteristics, delinquency metrics and prepayment speeds, as well as details on hedging instruments and financing costs.
Two Harbors also issues press releases about its dividend decisions for common and preferred stock, explaining how dividend levels relate to portfolio earnings, taxable income, book value and market conditions. Additional news covers capital markets activity, such as the pricing of senior notes offerings and updates to at-the-market equity offering programs, along with the use of proceeds for refinancing debt, financing MSR and Agency RMBS purchases, and other corporate purposes.
A significant recent news theme is the announced all-stock acquisition of Two Harbors by UWM Holdings Corporation, described in joint press releases and Form 8-K filings. Coverage of this transaction includes the agreed exchange ratio for Two Harbors common stock, the treatment of preferred stock, expected timing subject to customary conditions, and the strategic rationale presented by both companies. Investors who follow TWO news can review these items to understand how the planned merger, litigation settlements and portfolio developments may affect the company’s future within the mortgage finance landscape.
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.
Two Harbors Investment Corp. (NYSE: TWO) appoints William Greenberg as Chief Investment Officer, in addition to his roles as President and CEO. This change follows the separation agreement with Matthew Koeppen, who has stepped down from the CIO position. Greenberg, who has over 25 years of experience in structured finance, previously served as Co-Chief Investment Officer and holds degrees from MIT and the University of Washington. This leadership change may provide a unified direction in investment strategies for the company, optimizing its portfolio management.
Two Harbors Investment Corp (NYSE: TWO) announced its inclusion in the S&P SmallCap 600 index, effective June 22, 2021. This index measures small-cap stocks in the U.S. and is curated based on various factors, including financial performance and market capitalization. The inclusion is expected to enhance the visibility and appeal of Two Harbors to investors. This announcement is particularly significant as it underscores the company's growth and stability within the real estate investment trust sector.
Two Harbors Investment Corp (NYSE: TWO) has declared a $0.17 per share dividend for the second quarter of 2021, payable on July 29, 2021. Common stockholders must be on record by June 29, 2021. Additionally, preferred stock dividends were announced: $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C. The preferred dividends will be payable on July 27, 2021 to holders on record by July 12, 2021.
Two Harbors Investment Corp (NYSE: TWO) announced the log-in details for its 2021 Virtual Annual Meeting of Stockholders, scheduled for May 19, 2021, at 10 a.m. EDT. Stockholders as of March 26, 2021, can vote and submit questions using a provided control number. It is recommended to log in 15 minutes prior to the meeting start time. A replay will be available for one year following the meeting. For more information, stockholders can access the company's website and the SEC's site.
Two Harbors Investment Corp. (NYSE: TWO) reported its Q1 2021 financial results with a book value of $7.29 per share, reflecting a (2.2)% quarterly return.
The company saw a comprehensive income loss of $(48.5) million and generated core earnings of $45.8 million, or $0.17 per share. A dividend of $0.17 was declared.
Significantly, $21.3 billion in mortgage servicing rights (MSR) was settled and further expansion of funding capability was achieved through a $300 million MSR financing facility.
Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q1 2021 on May 5, 2021, after market close. A conference call to review these results is scheduled for May 6, 2021, at 9:00 a.m. EDT. Participants can join the call by calling toll-free (800) 263-0877 and using Conference Code 5273239. The call will also be available for live streaming on their website. A playback of the call will be accessible from May 6, 2021, to June 5, 2021.
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.