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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) 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.