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) will announce its financial results for Q1 2023 on May 1, 2023 after market close. A conference call to discuss these results is scheduled for May 2, 2023 at 9:00 a.m. ET. Investors can access the call through a live webcast on the company's website. The company specializes in investing in residential mortgage-backed securities and mortgage servicing rights. Following the call, a playback option will be available until May 16, 2023. For additional information, stakeholders are encouraged to visit the company's website or the SEC's site.
Two Harbors Investment Corp (NYSE: TWO) declared a $0.60 dividend per share for Q1 2023, payable on April 28, 2023. Record date for common stockholders is April 4, 2023. Additionally, preferred stock dividends were announced: $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C, payable on April 27, 2023. The company reported an 8% decrease in book value quarter-to-date but maintains strong liquidity of approximately $650 million. Two Harbors has no financing exposure to Credit Suisse or stressed regional banks.
Two Harbors Investment Corp (NYSE: TWO) will hold its 2023 Annual Meeting of Stockholders virtually on May 17, 2023, at 10 a.m. Eastern Time. Stockholders recorded as of March 21, 2023, can vote and submit questions using provided control numbers. It's recommended to log in 15 minutes prior to the meeting. A replay will be available for one year post-meeting at www.virtualshareholdermeeting.com/TWO2023. Additional company information is accessible at www.sec.gov.
Two Harbors Investment Corp. (NYSE: TWO) reported its financial results for Q4 2022, showcasing a book value of $17.72 per share and a declared dividend of $0.60, resulting in an 11.6% quarterly economic return. The company generated comprehensive income of $160.2 million, equating to $1.85 per share. Additionally, earnings available for distribution were $22.2 million ($0.26 per share). The acquisition of RoundPoint Mortgage Servicing Corporation is expected to close in Q3 2023. Post quarter-end, book value increased 4% through January 31, 2023, following the issuance of 10 million shares for net proceeds of $175.6 million.
Two Harbors Investment Corp (NYSE: TWO) has commenced a public offering of 10,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,500,000 shares. The net proceeds will be used to acquire residential mortgage-backed securities, mortgage servicing rights, and other financial assets, in line with its investment guidelines. The offering is registered under the SEC's shelf registration statement filed on February 26, 2021. Goldman Sachs, J.P. Morgan, and Citigroup are acting as joint book-running managers of the offering.
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