Two Harbors Investment Corp. reports developments for an MSR-focused real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. Company news centers on operating and financial results, earnings releases and portfolio-related activity tied to servicing fee income, interest income and residential mortgage exposure.
Recurring updates also cover material agreements, shareholder voting matters, capital-structure disclosures and governance actions. These categories reflect the company’s role as a public REIT managing mortgage-related assets that are sensitive to interest rate, basis and prepayment risk.
Two Harbors Investment Corp (NYSE: TWO) has announced an underwritten public offering of 30,000,000 shares of its common stock, with an additional 4,500,000 share option for underwriters. The net proceeds will be used to acquire residential mortgage-backed securities, mortgage servicing rights, and other financial assets while adhering to investment guidelines. This follows the company's existing shelf registration with the SEC from February 2021. Citigroup, Credit Suisse, and RBC Capital Markets are managing the offering.
Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q3 ended September 30, 2021, after market close on November 8, 2021. A conference call is scheduled for November 9, 2021, at 9:00 a.m. ET to discuss the results. The call will be accessible via webcast on the company's website. For those unable to attend, a playback will be available from November 9 at 12:00 p.m. ET until November 23, 2021. Two Harbors is a Maryland-based REIT that invests in residential mortgage-backed securities and mortgage servicing rights.
Two Harbors Investment Corp (NYSE: TWO) has announced a third-quarter dividend of $0.17 per share, payable on October 29, 2021 to shareholders recorded by October 1, 2021. Additionally, preferred stock dividends were declared: $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C, all payable on October 27, 2021 to shareholders of record by October 13, 2021. This reflects the company's ongoing commitment to returning value to stockholders.
Two Harbors Investment Corp (NYSE: TWO) has announced that President and CEO Bill Greenberg, along with CFO Mary Riskey, will present at the Barclays Global Financial Services Conference on September 14, 2021, at 3:30 p.m. ET. The presentation will highlight the company's investment strategy and market outlook. Interested parties can access the live webcast on the company’s website, with a replay available for one year. Two Harbors focuses on residential mortgage-backed securities and mortgage servicing rights, operating from Minnetonka, MN.
Two Harbors Investment Corp. (NYSE: TWO) reported a comprehensive loss of $194.6 million for Q2 2021, equating to an annualized return on equity of (40.7)%. The book value per share decreased to $6.42, reflecting a (9.6)% quarterly return. Despite challenges in the RMBS sector, core earnings reached $51.5 million or $0.19 per share, supported by a declared dividend of $0.17. Following an underwritten offering that raised $256.5 million, the total portfolio size decreased to $17.1 billion, with significant growth in the mortgage servicing rights (MSR) portfolio.
Two Harbors Investment Corp. (NYSE: TWO) will announce its financial results for Q2 2021 on August 4, 2021, post-market close. A conference call is scheduled for August 5, 2021, at 9:00 a.m. ET to discuss these results. Interested participants can join the call by calling (877) 502-7185, or listen live online through the company’s investor website. A playback of the call will be available from August 5 through August 19, 2021. Two Harbors, based in Minnetonka, MN, specializes in investments in residential mortgage-backed securities and other related assets.
Two Harbors Investment Corp (NYSE: TWO) has announced a public offering of 40,000,000 shares of its common stock, targeting total gross proceeds of approximately $260 million, excluding underwriting fees. The underwriters have a 30-day option to purchase an additional 6,000,000 shares. The offering is expected to close around July 15, 2021. Proceeds will be used for acquiring residential mortgage-backed securities, mortgage servicing rights, and for general corporate purposes, ensuring adherence to REIT qualification requirements.
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.