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 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.
Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q4 2020 on February 9, 2021, following market close. A conference call to discuss these results is scheduled for February 10, 2021, at 9:00 a.m. EST. Interested parties can join the call by dialing (888) 394-8218 with the Conference Code 1666797, or listen online via twoharborsinvestment.com. A playback option will be available from February 10 to March 12, 2021.
Two Harbors Investment Corp (NYSE: TWO) has appointed Paulina Sims as the head of its Investor Relations Department as part of its transition to a self-managed company. President William Greenberg expressed enthusiasm about Sims' extensive experience in investor relations, which he believes will enhance communication with investors. Sims previously worked at JPMorgan Chase and CIT Group, holds a CFA charter, and has degrees from Columbia University and Binghamton University.
Two Harbors Investment Corp (NYSE: TWO) declared a fourth-quarter dividend of $0.17 per share, a 21% increase from Q3 2020. This dividend is payable on January 29, 2021, for stockholders on record by December 30, 2020. Additionally, preferred stock dividends were announced for various series ranging from $0.45313 to $0.50781 per share, payable on different dates in January 2021. The company continues its focus on investing in residential mortgage-backed securities and mortgage servicing rights.
Two Harbors Investment Corp. (NYSE: TWO) reported a book value of $7.37 per share for Q3 2020, reflecting a 12.1% quarterly return. Excluding a management agreement fee reversal, the return was 4.5%. The company generated a comprehensive income of $219.2 million, marking a 45.6% annualized return on average common equity. Core earnings stood at $75.6 million, or $0.28 per share. A dividend of $0.14 was declared for the quarter. The firm maintains a strong position in mortgage servicing rights, settling $14.5 billion in transactions this quarter.
Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q3 2020 on November 4, 2020, post-market. A conference call is scheduled for November 5, 2020, at 9:00 a.m. EST to discuss these results. Investors can join the call at (800) 289-0438 using Conference Code 2438642. The call will be available live online and can be replayed until December 5, 2020. Two Harbors Investment Corp, headquartered in Minnetonka, MN, focuses on investing in residential mortgage-backed securities and other financial assets.