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

News SummaryMost relevantAll newsSector news 

Two Harbors Investment Corp : Two Harbors Investment Corp. Completes Public Offering of Common Stock

share with twitter share with LinkedIn share with facebook
share via e-mail
02/24/2012 | 10:05pm CET

Two Harbors Investment Corp. (NYSE: TWO; NYSE Amex: TWO.WS) today announced the completion of its public offering of 30,000,000 shares of its common stock and issuance of an additional 4,500,000 shares of common stock pursuant to the underwriters' full exercise of their over-allotment option. The total offering of 34,500,000 shares produced net proceeds of approximately $337.4 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 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.

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 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
12/06 TWO HARBORS INVESTMENT CORP. : Regulation FD Disclosure, Financial Statements an..
12/06 TWO HARBORS INVESTMENT CORP. : Announces Webinar on Mortgage Servicing Rights
11/29 TWO HARBORS INVESTMENT CORP. : Regulation FD Disclosure, Financial Statements an..
11/08 TWO HARBORS INVESTMENT : TWO) is Trading Higher on Unusual Volume for November 0..
11/03 TWO HARBORS INVESTMENT : Management's Discussion and Analysis of Financial Condi..
11/02 TWO HARBORS INVESTMENT CORP. : Results of Operations and Financial Condition, Fi..
11/02 TWO HARBORS INVESTMENT CORP. : Reports Third Quarter 2016 Financial Results
10/17 TWO HARBORS INVESTMENT CORP. : Announces Earnings Release and Conference Call fo..
09/28 TWO HARBORS INVESTMENT CORP : ex-dividend day
09/23 TWO HARBORS INVESTMENT : Kempen Capital Management N.v. Lowers stake in Two Harb..
More news
Sector news : Residential REITs
11/30DJLegg Mason, Owens-Illinois to Leave S&P 500
10/20DJEQUITY RESIDENTIAL : A New Real-Estate War in Silicon Valley
10/11DJAirbnb Offers Landlords an Incentive
08/30DJStockland Names Tom Pockett as New Chairman
08/17DJSTOCKLAND : Profit Slips on One-offs; Strong Gains in Property Business
More sector news : Residential REITs
News from SeekingAlpha
08:02a Quick And Dirty mREIT Discounts From December 7th, 2016
12/02 Assessing November damage at mREITs - AGNC downgraded at Credit Suisse
11/30 Thoughts On A Handful Of mREITs And The State Of The Industry (Week 57)
11/30 Quick And Dirty mREIT Discounts From November 29th, 2016
11/29 Big session for mortgage REITs
Financials ($)
Sales 2016 406 M
EBIT 2016 113 M
Net income 2016 101 M
Debt 2016 10 279 M
Yield 2016 10,3%
P/E ratio 2016 32,25
P/E ratio 2017 9,04
EV / Sales 2016 32,9x
EV / Sales 2017 33,0x
Capitalization 3 098 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 13
Average target price 9,36 $
Spread / Average Target 5,1%
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.-9.80%9 057
More Results