Latest news with #TWO
Business Wire
2 days ago
- Business
- Business Wire
TWO Announces Second Quarter 2025 Common and Preferred Stock Dividends
NEW YORK--(BUSINESS WIRE)-- TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, today declared a dividend of $0.39 per share of common stock for the second quarter of 2025. The second quarter dividend is payable on July 29, 2025 to common stockholders of record at the close of business on July 3, 2025. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. "We remain tremendously excited about the opportunities available for mortgage companies like TWO, and our paired strategy of MSR and MBS specifically." Share 'The 13% reduction in the dividend this quarter is consistent with the reduction in our book value resulting from the contingency accrual of $198.9 million that we have deemed probable and estimable in connection with the ongoing litigation related to our internalization in 2020. The reduced dividend reflects our projected static returns in future quarters as we adjust our portfolio in light of this accrual,' stated Bill Greenberg, TWO's President and Chief Executive Officer. 'While this litigation remains ongoing and involves claims unrelated to the accrual that are not yet probable or estimable, we think lowering the dividend on a pro rata basis at this time is a prudent action and positions us to take advantage of future market opportunities. Most importantly, this dividend reduction does not reflect our positive momentum, and we remain tremendously excited about the opportunities available for mortgage companies like TWO, and our paired strategy of MSR and MBS specifically.' TWO also declared today the following preferred stock dividends for the second quarter of 2025: (1) The Series C Cumulative Redeemable Preferred Stock accrue dividends at a floating rate, as determined on each dividend determination date, equal to the Three-Month CME Term SOFR plus 0.26161% plus 5.011%. The Series A, Series B and Series C preferred dividends are payable on July 28, 2025 to the applicable preferred stockholders of record at the close of business on July 11, 2025. About TWO TWO (Two Harbors Investment Corp., NYSE: TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at at the Securities and Exchange Commission's internet site at or by directing requests to: TWO, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100.
Yahoo
13-05-2025
- Business
- Yahoo
TWO Announces Details Pertaining to the 2025 Annual Meeting of Stockholders
NEW YORK, May 13, 2025--(BUSINESS WIRE)--TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, today announced log-in details for its 2025 Annual Meeting of Stockholders to be held virtually on May 14, 2025, beginning at 10:00 a.m. Eastern Time. Stockholders can attend the virtual annual meeting via the internet at Stockholders of record as of the close of business on March 19, 2025 will be eligible to vote their shares and submit questions electronically in advance of and during the virtual annual meeting by using the 16-digit control number included in the notice of internet availability of the proxy materials, on their individual proxy card or on the voting instruction form accompanying these proxy materials. We recommend that stockholders log in at least 15 minutes before the meeting to ensure they are logged in when the meeting starts. A replay of the meeting will be available for one year following the meeting date. To listen to a replay of the annual meeting, please visit About TWO TWO (Two Harbors Investment Corp., NYSE: TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at at the Securities and Exchange Commission's internet site at or by directing requests to: TWO, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100. View source version on Contacts Margaret KarrHead of Investor Relations, TWO(612)
Business Wire
13-05-2025
- Business
- Business Wire
TWO Announces Details Pertaining to the 2025 Annual Meeting of Stockholders
NEW YORK--(BUSINESS WIRE)-- TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, today announced log-in details for its 2025 Annual Meeting of Stockholders to be held virtually on May 14, 2025, beginning at 10:00 a.m. Eastern Time. Stockholders can attend the virtual annual meeting via the internet at Stockholders of record as of the close of business on March 19, 2025 will be eligible to vote their shares and submit questions electronically in advance of and during the virtual annual meeting by using the 16-digit control number included in the notice of internet availability of the proxy materials, on their individual proxy card or on the voting instruction form accompanying these proxy materials. We recommend that stockholders log in at least 15 minutes before the meeting to ensure they are logged in when the meeting starts. A replay of the meeting will be available for one year following the meeting date. To listen to a replay of the annual meeting, please visit About TWO TWO (Two Harbors Investment Corp., NYSE: TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at at the Securities and Exchange Commission's internet site at or by directing requests to: TWO, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100.
Business Wire
06-05-2025
- Business
- Business Wire
TWO Announces Pricing of Public Offering of Senior Notes
NEW YORK--(BUSINESS WIRE)-- TWO (Two Harbors Investment Corp, NYSE: TWO) (the 'Company'), an MSR-focused REIT, today announced the pricing of an underwritten public offering of $100 million aggregate principal amount of its 9.375% senior notes due 2030 (the 'Notes'). The Notes will be issued in minimum denominations of $25 and integral multiples of $25 in excess thereof. TWO has granted the underwriters a 30-day option to purchase up to an additional $15 million aggregate principal amount of the Notes to cover over-allotments. The offering is expected to close on May 13, 2025, subject to the satisfaction of customary closing conditions. The Company intends to apply to list the Notes on the New York Stock Exchange ('NYSE') and, if the application is approved, expects trading in the Notes on NYSE to begin within 30 days after the Notes are first issued. The Company intends to use the net proceeds of the offering for general corporate purposes which may include, among other things, the refinancing or repayment of debt, including the Company's 6.25% senior notes due 2026 and MSR financing, the purchase of the Company's target assets, including MSR, Agency RMBS and other financial assets, in each case subject to the Company's investment guidelines, the repurchase or redemption of the Company's common and preferred equity securities, and other capital expenditures. The Notes will be senior unsecured obligations of the Company and pay interest quarterly in cash on February 15, May 15, August 15 and November 15 of each year, commencing August 15, 2025. The Notes will mature on August 15, 2030, and may be redeemed, in whole or in part, at any time, or from time to time, at TWO's option on or after May 15, 2027. Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Investment Bank and Wells Fargo Securities, LLC acted as joint book-running managers of the offering. The offering was made pursuant to the Company's existing shelf registration statement, which was declared effective by the Securities and Exchange Commission (the 'SEC') on February 22, 2024. The offering of these securities was made only by means of a prospectus and a related prospectus supplement, which will be filed with the SEC and available on the SEC's website at Copies of the prospectus and prospectus supplement related to this offering may also be obtained, when available, by contacting: Morgan Stanley & Co. LLC at 180 Varick St., 2nd Floor, New York, New York 10014, Attention: Prospectus Department, or by telephone: 1-800-584-6837 (Toll-Free); Goldman Sachs & Co. LLC, at 200 West Street, New York, New York 10282, Attention: Prospectus Department, or by telephone: 866-471-2526, or by email: prospectus-ny@ Piper Sandler & Co., at 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, Attention: Debt Capital Markets, or by email: fsg-dcm@ RBC Capital Markets, LLC at Brookfield Place, 200 Vesey Street, 8th Floor, New York, New York 10281, or by telephone: 1-866-375-6829 (Toll-Free), or by email: rbcnyfixedincomeprospectus@ UBS Investment Bank, 1285 Avenue of the Americas, New York, New York 10019, Attention: Prospectus Department, or by telephone: (833) 481-0269; or Wells Fargo Securities, LLC at 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attention: WFS Customer Service, or by telephone: 1-800-645-3751 (Toll-Free) or by email: wfscustomerservice@ This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor shall there be any sale of such Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Cautionary Note Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Forward-looking statements are not intended to be a guarantee of future results, but constitute the Company's current expectations based on reasonable assumptions. Such forward-looking statements include, but are not limited to, the offering of the Notes and the details thereof and the proposed use of proceeds therefrom, general economic conditions and other risks and uncertainties. Actual results could differ materially from those projected in the Company's forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in the prospectus supplement related to the offering and the Company's filings with the SEC, including, but not limited to, the risks discussed under Item 1A: "Risk Factors" and Item 7: "Management's Discussion & Analysis" in the Company's 2024 Annual Report on Form 10-K and in any subsequent reports filed with the SEC. Potential investors are encouraged to read the Company's filings to learn more about the risk factors associated with the Company's business. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except where required by law. About TWO TWO (Two Harbors Investment Corp., NYSE: TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at at the Securities and Exchange Commission's internet site at or by directing requests to: TWO, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100.
Washington Post
28-04-2025
- Business
- Washington Post
Two Harbors Investments: Q1 Earnings Snapshot
ST. LOUIS PARK, Minn. — ST. LOUIS PARK, Minn. — Two Harbors Investments Corp. (TWO) on Monday reported a loss of $79.1 million in its first quarter. The St. Louis Park, Minnesota-based company said it had a loss of 89 cents per share. Earnings, adjusted for non-recurring costs, came to 24 cents per share.
