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) 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.
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.