Key Developments: Two Harbors Investment Corp (TWO)
11.13USD
18 Jun 2013
$0.37 (+3.44%)
$10.76
$10.75
$11.15
$10.58
8,017,415
7,000,319
$14.02
$9.85
Latest Key Developments (Source: Significant Developments)
Two Harbors Investment Corp Announces Second Quarter 2013 Dividend of $0.31 per Share
Two Harbors Investment Corp announced that it has declared a quarterly dividend of $0.31 per share of common stock for the second quarter of 2013. This dividend is payable on July 23, 2013 to common stockholders of record at the close of business on June 28, 2013. Full Article
Two Harbors Investment Corp's Subsidiary Announces Acquisition Of Company With Certain MSR Approvals
Two Harbors Investment Corp announced that one of its wholly-owned subsidiaries has acquired a company which has approvals from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation, (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae) to hold and manage mortgage servicing rights (MSRs). Terms of the transaction were not disclosed. Full Article
Two Harbors Investment Corp Completes Public Offering of Common Stock
Two Harbors Investment Corp announced the completion of its public offering of 50,000,000 shares of its common stock and issuance of an additional 7,500,000 shares of common stock pursuant to the underwriters` full exercise of their over-allotment option. The total offering of 57,500,000 shares produced net proceeds of approximately $763 million, after deducting underwriting discounts and estimated offering expenses. The company expects to use the net proceeds from this offering to make additional acquisitions of its target assets, including residential mortgage-backed securities, prime jumbo residential mortgage loans, credit sensitive residential mortgage loans and mortgage servicing rights, and for other general corporate purposes. Credit Suisse Securities (USA) LLC is acting as the lead book-running manager for the offering. Barclays Capital Inc., BofA Merrill Lynch and Goldman, Sachs & Co. are also acting as book-running managers. Full Article
Two Harbors Investment Corp Announces Pricing Of Common Stock Offering
Two Harbors Investment Corp announced that it has priced a public offering of 50,000,000 shares of its common stock at an offering price of $13.46 per share, for total gross proceeds (before underwriting discount and commissions and estimated expenses) of approximately $673.0 million. The Company has granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of the Company's common stock to cover over-allotments, if any. The offering is expected to close on or about March 22, 2013. The Company expects to use the net proceeds from this offering to make additional acquisitions of its target assets, including residential mortgage-backed securities, prime jumbo residential mortgage loans, credit sensitive residential mortgage loans and mortgage servicing rights, and for other general corporate purposes. Credit Suisse Securities (USA) LLC is acting as the lead book-running manager for the offering. Barclays Capital Inc., BofA Merrill Lynch and Goldman, Sachs & Co. are also acting as book-running managers. Full Article
Two Harbors Investment Corp Announces Public Offering Of Common Stock
Two Harbors Investment Corp announced that it plans to offer, subject to market and other conditions, 50,000,000 shares of its common stock in an underwritten public offering. The Company has also granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of common stock to cover overallotments. Credit Suisse Securities (USA) LLC is acting as the lead book-running manager for the offering. Barclays Capital Inc., BofA Merrill Lynch and Goldman, Sachs & Co. are also acting as book-running managers. The Company expects to use the net proceeds from this offering to make additional acquisitions of its target assets, including residential mortgage-backed securities, prime jumbo residential mortgage loans, credit sensitive residential mortgage loans and mortgage servicing rights, and for other general corporate purposes. Full Article
Two Harbors Investment Corp Announces First Quarter 2013 Dividend
Two Harbors Investment Corp announced that the board of directors declared a quarterly dividend of $0.32 per share of common stock for the first quarter of 2013. The Quarterly Dividend is payable on April 24, 2013 to common stockholders of record at the close of business on April 2, 2013. Full Article
Two Harbors Investment Corp Announces Fourth Quarter 2012 Dividend Of $0.55 Per Share
Two Harbors Investment Corp announced that it declared a quarterly dividend of $0.55 per share of common stock for the fourth quarter of 2012. This dividend is payable on January 18, 2013 to common stockholders of record at the close of business on December 31, 2012. Full Article
Two Harbors Investment Corp Announces Increased Share Repurchase Program
Two Harbors Investment Corp announced that Board of Directors has authorized the Company to repurchase up to 25,000,000 shares of its common stock, which is an increase of 15,000,000 shares to the previously authorized share repurchase program. The shares are expected to be repurchased from time to time through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as amended, or by any combination of such methods. The manner, price, number and timing of share repurchases will be subject a variety of factors, including market conditions and applicable U.S. Securities and Exchange Commission rules. Full Article
Two Harbors Investment Corp Announces Third Quarter 2012 Dividend Of $0.36 per Share
Two Harbors Investment Corp announced that it has declared a quarterly dividend of $0.36 per share of common stock for the third quarter of 2012. This dividend is payable October 22, 2012 to common stockholders of record at the close of business on September 24, 2012. Full Article
Two Harbors Investment Corp Declared Quarterly Dividend
Two Harbors Investment Corp announced that it has declared a quarterly dividend of $0.40 per common share for the quarter ended June 30, 2012. The annualized dividend yield on the Company's common stock for the second quarter, based on the June 29, 2012 closing price of $10.36, was 15.4%. Full Article
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