Two Harbors Investment Corp. Announces Preferred Stock Repurchase Authorization
June 22 2022 - 04:30PM
Business Wire
Two Harbors Investment Corp. (NYSE: TWO), an
Agency + MSR mortgage real estate investment trust, today announced
that its Board of Directors has authorized the repurchase of up to
five million shares of the company’s preferred stock, which
includes its 8.125% Series A Cumulative Redeemable Preferred Stock,
7.625% Series B Cumulative Redeemable Preferred Stock and 7.25%
Series C Cumulative Redeemable Preferred Stock. The shares are
expected to be repurchased from time to time through open market or
privately negotiated transactions, including pursuant to trading
plans in accordance with Rules 10b5-1 under the Securities Exchange
Act of 1934, as amended, or by any combination of such methods. The
manner, price, number and timing of share repurchases will be
subject to a variety of factors, including market conditions and
applicable U.S. Securities and Exchange Commission rules. The
authorization does not have an expiration date and repurchases may
be commenced or suspended at any time without prior notice.
This news release includes “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. These
forward-looking statements reflect management’s plans, estimates
and beliefs and involve risks and uncertainties that could cause
actual results to differ materially from expected results. Readers
are cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. Two Harbors
undertakes no obligation to update or revision such forward-looking
statements.
Two Harbors Investment Corp.
Two Harbors Investment Corp., a Maryland corporation, is an
internally managed real estate investment trust that invests in
residential mortgage-backed securities, mortgage servicing rights
and other financial assets. Two Harbors is headquartered in St.
Louis Park, MN. Additional information is available at
www.twoharborsinvestment.com.
Additional Information
Stockholders of Two Harbors and other interested persons may
find additional information regarding the company at the Securities
and Exchange Commission’s Internet site at www.sec.gov or by
directing requests to: Two Harbors Investment Corp., 1601 Utica
Avenue South, Suite 900, St. Louis Park, MN, 55416, telephone
612-453-4100.
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version on businesswire.com: https://www.businesswire.com/news/home/20220622005965/en/
Paulina Sims, Senior Director, Investor Relations, Two Harbors
Investment Corp., 612-446-5431,
Paulina.Sims@twoharborsinvestment.com
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