Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Two Harbors Investment Corp    TWO

Delayed Quote. Delayed  - 07/29 10:02:25 pm
8.75 USD   +0.69%
07/28 TWO HARBORS INV : Conduit-Securitization Business Closing
07/28 TWO HARBORS INV : Announces Plan to Discontinue Mortgage Loan Condui..
07/18 TWO HARBORS INV : Announces Earnings Release and Conference Call for..
News SummaryMost relevantAll newsSector news 

Two Harbors Investment Corp : Two Harbors Investment Corp. Announces Pricing of Common Stock Offering

share with twitter share with LinkedIn share with facebook
share via e-mail
02/22/2012 | 03:25pm CEST

Two Harbors Investment Corp. (NYSE: TWO; NYSE Amex: TWO.WS) today announced that it has priced a public offering of 30,000,000 shares of its common stock at an offering price of $9.90 per share, for total gross proceeds (before underwriting discount and commissions and estimated expenses) of approximately $297.0 million. The Company has granted the underwriters a two-day option to purchase up to an additional 4,500,000 shares of the Company's common stock to cover over-allotments, if any. The offering is expected to close on or about February 24, 2012.

The company expects to use the net proceeds from this offering to make additional acquisitions of residential mortgage-backed securities, residential mortgage loans, and residential real properties and for other general corporate purposes.

Credit Suisse Securities (USA) LLC acted as the lead book-running manager for the offering. Barclays Capital Inc. and J.P. Morgan Securities LLC acted as book-running managers. JMP Securities LLC and Keefe, Bruyette & Woods, Inc. acted as co-managers.

The offering will be made pursuant to the Company's existing shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission on July 13, 2011 (Commission File No. 333-175327). The offering will be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus, when available, may be obtained by contacting:

Credit Suisse Securities (USA) LLC

One Madison Avenue

New York, New York 10010

Attention: Prospectus Department

or by telephone at (800) 221-1037


Barclays Capital Inc.

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: (888) 603-5847

or by emailing


      J.P. Morgan Securities LLC

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: (866) 803-9204

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the company's securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Two Harbors Investment Corp.

Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, residential mortgage loans, residential real properties and other financial assets.

Cautionary Notice Regarding Forward-Looking Statements

This release may include statements and information that constitute "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended, and we intend such forward-looking statements to be covered by the safe harbor provisions therein and are included in this statement for purposes of invoking these safe harbor provisions. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance. The forward-looking statements made in this release include, but may not be limited to, expectations regarding the timing of closing the offering and use of proceeds.

Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks identified under the captions "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our public filings with the SEC, which are available on the SEC's website at www.sec.gov.

All written or oral forward-looking statements that we make, or that are attributable to us, are expressly qualified by this cautionary notice. We expressly disclaim any obligation to update the information in any public disclosure if any forward-looking statement later turns out to be inaccurate.

Two Harbors Investment Corp.
Christine Battist, 612-629-2507
Investor Relations

© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
07/28 TWO HARBORS INVESTMENT : Conduit-Securitization Business Closing
07/28 Timothy J. Perrott Appointed Senior Director of Two Harbors Investment Corp.
07/28 TWO HARBORS INVESTMENT CORP. : Costs Associated with Exit or Disposal Activities..
07/28 TWO HARBORS INVESTMENT CORP. : Announces Plan to Discontinue Mortgage Loan Condu..
07/18 TWO HARBORS INVESTMENT CORP. : Announces Earnings Release and Conference Call fo..
07/18 TWO HARBORS INVESTMENT : Timothy J. Perrott Appointed Senior Director of Two Har..
06/28 TWO HARBORS INVESTMENT CORP : ex-dividend day
06/20 TWO HARBORS INVESTMENT : Company Shares of Two Harbors Investments Corp Rally 0...
06/16 TWO HARBORS INVESTMENT CORP. : Announces Second Quarter 2016 Dividend of $0.23 p..
06/06 TWO HARBORS INVESTMENT CORP. : Named Best Company to Work For in Minnesota by Mi..
More news
Sector news : Residential REITs
07/26DJEQUITY RESIDENTIAL : Revises Annual Guidance, Citing Weakness in Key Markets
07/26DJEQUITY RESIDENTIAL : Revises Annual Guidance, Citing Weakness in Key Markets -- ..
07/25DJAVALONBAY COMMUNITIES : Reports Climbing Profit, Revenue
04/27DJSTOCKLAND : on Track to Hit Target for Earnings Growth
04/27DJAVALONBAY COMMUNITIES : Posts Higher Profit On Rising Rents
More sector news : Residential REITs
News from SeekingAlpha
07/28 Two Harbors getting out of mortgage loan conduit and securitization business
07/25 Thoughts On A Handful Of mREITs And The State Of The Industry (Week 41)
07/25 Quick And Dirty mREIT Discounts From July 24th, 2016
07/21 ALTISOURCE RESIDENTIAL : Irrational Sour Grapes Proxy Fighters Set Up #1 Reit In..
07/18 Thoughts On A Handful Of mREITs And The State Of The Industry (Week 40)
Financials ($)
Sales 2016 378 M
EBIT 2016 108 M
Net income 2016 170 M
Debt 2016 6 206 M
Yield 2016 10,5%
P/E ratio 2016 23,52
P/E ratio 2017 9,29
EV / Sales 2016 24,5x
EV / Sales 2017 23,8x
Capitalization 3 041 M
More Financials
Duration : Period :
Two Harbors Investment Cor Technical Analysis Chart | TWO | US90187B1017 | 4-Traders
Full-screen chart
Technical analysis trends TWO HARBORS INVES...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 9,23 $
Spread / Average Target 5,5%
Consensus details
EPS Revisions
More Estimates Revisions
Thomas Edwin Siering President, Chief Executive Officer & Director
Brian Curtis Taylor Chairman
Brad Farrell Chief Financial Officer & Treasurer
Jeffrey Hurley Chief Technology Officer & Managing Director
Stephen Garfield Kasnet Non-Executive Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
UDR, INC.-0.91%9 764
More Results