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