Two Harbors Investment Corp. Announces Public Offering of Common Stock

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Feb 02, 2023

%3Cb%3ETwo+Harbors+Investment+Corp%3C%2Fb%3E. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today announced that it has commenced an underwritten public offering of 10,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock. The Company intends to use the net proceeds from the offering to purchase its target assets, including residential mortgage-backed securities, mortgage servicing rights and other financial assets, in each case subject to its investment guidelines and to the extent consistent with maintaining its real estate investment trust qualification, and for general corporate purposes.