Latest news with #TWO
Business Wire
3 days ago
- Business
- Business Wire
TWO Reports Second Quarter 2025 Financial Results
NEW YORK--(BUSINESS WIRE)--TWO (Two Harbors Investment Corp., NYSE: TWO), an MSR-focused real estate investment trust (REIT), today announced its financial results for the quarter ended June 30, 2025. 'Given the strength of our platform and the depth of expertise across our team, we are confident in our ability to navigate through changing market cycles, creating long-term value for our stockholders, customers, and business partners.' Share Quarterly Summary Reported book value of $12.14 per common share, and declared a second quarter common stock dividend of $0.39 per share, representing a (14.5)% quarterly economic return on book value. For the first six months of 2025, generated a (10.3)% total economic return on book value. (1) Incurred a Comprehensive Loss of $(221.8) million, or $(2.13) per weighted average basic common share. Recorded a contingency liability and related expense of $199.9 million, or $1.92 per weighted average basic common share, related to the company's ongoing litigation with PRCM Advisers LLC. (2) Excluding the loss contingency accrual recognized during the quarter: Generated a (1.4)% quarterly economic return on book value. For the first six months of 2025, generated a 2.9% total economic return on book value. (1) Incurred a Comprehensive Loss of $(21.9) million, or $(0.21) per weighted average basic common share. Issued $115.0 million aggregate principal amount of 9.375% Senior Notes due 2030 through an underwritten offering for net proceeds of $110.8 million. Settled $6.6 billion in unpaid principal balance (UPB) of MSR through two bulk purchases, flow-sale acquisitions and recapture. As of June 30, 2025, MSR portfolio had a weighted average gross coupon rate of 3.53% and a 60+ day delinquency rate of 0.82%, compared to 0.85% as of March 31, 2025. For the second quarter of 2025, MSR portfolio experienced a 3-month CPR of 5.8%, compared to 5.3% for the second quarter of 2024. Funded $48.6 million UPB in first lien loans and brokered $44.0 million UPB in second lien loans. 'The combination of our investment portfolio and operating company allows us to be dynamic and responsive as opportunities emerge across the mortgage finance space,' said Bill Greenberg, TWO's President and Chief Executive Officer. 'Given the strength of our platform and the depth of expertise across our team, we are confident in our ability to navigate through changing market cycles, creating long-term value for our stockholders, customers, and business partners.' ________________ (1) Economic return on book value is defined as the increase (decrease) in common book value from the beginning to the end of the given period, plus dividends declared to common stockholders in the period, divided by common book value as of the beginning of the period. (2) The contingency liability is reflective of the $139.8 million termination fee that the Company believes would have been payable to PRCM Advisers for termination on the basis of unfair compensation pursuant to Section 13(a)(ii) of the Management Agreement, plus applicable pre-judgment interest on such amount accrued at the statutory rate of 9% through June 30, 2025. Estimated loss contingencies are required to be recorded under ASC 450, Contingencies, when a company determines a contingency liability is both probable and estimable. Expand 'Fixed-income and equity markets proved resilient in the second quarter,' stated Nick Letica, TWO's Chief Investment Officer. 'While we will continue to be mindful of the many sources of volatility that can impact our portfolio, we believe there is also opportunity in this environment. Spreads for Agency RMBS remain historically wide, and offer good relative value to other high quality spread assets. Our core strategy of low coupon MSR paired with Agency RMBS is well positioned to benefit from both stable prepayments and wide Agency RMBS spreads.' Operating Performance The following table summarizes the company's GAAP and non-GAAP earnings measurements and key metrics for the second quarter of 2025 and first quarter of 2025: _______________ (1) Earnings Available for Distribution, or EAD, is a non-GAAP measure. Please see page 11 for a definition of EAD and a reconciliation of GAAP to non-GAAP financial information. (2) Dividend yield is calculated based on annualizing the dividends declared in the given period, divided by the closing share price as of the end of the period. (3) Economic return on book value is defined as the increase (decrease) in common book value from the beginning to the end of the given period, plus dividends declared to common stockholders in the period, divided by the common book value as of the beginning of the period. (4) Excludes non-cash equity compensation expense of $1.9 million for the second quarter of 2025 and $6.5 million for the first quarter of 2025 and certain operating expenses of $2.8 million for the second quarter of 2025 and $0.1 million for the first quarter of 2025. Certain operating expenses predominantly consists of expenses incurred in connection with the company's ongoing litigation with PRCM Advisers LLC. Expand Portfolio Summary As of June 30, 2025, the company's portfolio was comprised of $11.4 billion of Agency RMBS, MSR and other investment securities as well as their associated notional debt hedges. Additionally, the company held $3.0 billion bond equivalent value of net long to-be-announced securities (TBAs). The following tables summarize the company's investment portfolio as of June 30, 2025 and March 31, 2025: ________________ (1) Based on the prior month-end's principal balance of the loans underlying the company's MSR, increased for current month purchases. (2) Represents bond equivalent value of TBA position. Bond equivalent value is defined as notional amount multiplied by market price. Accounted for as derivative instruments in accordance with GAAP. Expand ______________ (1) Weighted average cost basis includes Agency principal and interest RMBS only and utilizes carrying value for weighting purposes. Expand Portfolio Metrics Specific to MSR (1) As of June 30, 2025 As of March 31, 2025 (dollars in thousands) (unaudited) (unaudited) Unpaid principal balance $ 198,822,611 $ 196,773,345 Gross coupon rate 3.5 % 3.5 % Current loan size $ 330 $ 330 Original FICO (2) 760 760 Original LTV 73 % 72 % 60+ day delinquencies 0.8 % 0.8 % Net servicing fee 25.4 basis points 25.3 basis points Three Months Ended June 30, 2025 Three Months Ended March 31, 2025 (unaudited) (unaudited) Fair value losses $ (35,902 ) $ (36,221 ) Servicing income $ 147,961 $ 146,870 Servicing costs $ 2,322 $ 3,302 Change in servicing reserves $ 64 $ (105 ) Expand ________________ (1) Metrics exclude residential mortgage loans in securitization trusts for which the company is the named servicing administrator. Portfolio metrics, other than UPB, represent averages weighted by UPB. (2) FICO represents a mortgage industry accepted credit score of a borrower. Expand ________________ (1) Accounted for as derivative instruments in accordance with GAAP. Expand Financing Summary The following tables summarize the company's financing metrics and outstanding repurchase agreements, revolving credit facilities, warehouse lines of credit, senior notes and convertible senior notes as of June 30, 2025 and March 31, 2025: June 30, 2025 Balance Weighted Average Borrowing Rate Weighted Average Months to Maturity Number of Distinct Counterparties (dollars in thousands, unaudited) Repurchase agreements collateralized by securities $ 7,992,622 4.48 % 1.96 18 Repurchase agreements collateralized by MSR 790,000 7.39 % 10.54 3 Total repurchase agreements 8,782,622 4.74 % 2.73 19 Revolving credit facilities collateralized by MSR and related servicing advance obligations 1,011,871 7.36 % 19.96 3 Warehouse lines of credit collateralized by mortgage loans 9,275 6.31 % 2.47 1 Unsecured senior notes 110,867 9.38 % 61.55 n/a Unsecured convertible senior notes 260,944 6.25 % 6.54 n/a Total borrowings $ 10,175,579 Expand March 31, 2025 Balance Weighted Average Borrowing Rate Weighted Average Months to Maturity Number of Distinct Counterparties (dollars in thousands, unaudited) Repurchase agreements collateralized by securities $ 8,970,830 4.50 % 2.23 18 Repurchase agreements collateralized by MSR 770,000 7.38 % 13.88 3 Total repurchase agreements 9,740,830 4.73 % 3.16 19 Revolving credit facilities collateralized by MSR and related servicing advance obligations 933,171 7.45 % 15.91 3 Warehouse lines of credit collateralized by mortgage loans 7,971 6.36 % 2.50 1 Unsecured senior notes — — % — n/a Unsecured convertible senior notes 260,591 6.25 % 9.53 n/a Total borrowings $ 10,942,563 Expand Borrowings by Collateral Type As of June 30, 2025 As of March 31, 2025 (dollars in thousands) (unaudited) (unaudited) Agency RMBS $ 7,992,427 $ 8,970,635 Mortgage servicing rights and related servicing advance obligations 1,801,871 1,703,171 Other - secured 9,470 8,166 Other - unsecured (1) 371,811 260,591 Total 10,175,579 10,942,563 TBA cost basis 3,009,819 3,001,672 Net payable (receivable) for unsettled RMBS 108,474 (643,896 ) Total, including TBAs and net payable (receivable) for unsettled RMBS $ 13,293,872 $ 13,300,339 Debt-to-equity ratio at period-end (2) 5.4 :1.0 5.1 :1.0 Economic debt-to-equity ratio at period-end (3) 7.0 :1.0 6.2 :1.0 Cost of Financing by Collateral Type (4) Three Months Ended June 30, 2025 Three Months Ended March 31, 2025 (unaudited) (unaudited) Agency RMBS 4.54 % 4.62 % Mortgage servicing rights and related servicing advance obligations (5) 7.87 % 7.81 % Other - secured 6.68 % 6.93 % Other - unsecured (1)(5) 7.44 % 6.84 % Annualized cost of financing 5.18 % 5.27 % Interest rate swaps (6) (0.20 )% (0.18 )% U.S. Treasury futures (7) (0.10 )% (0.04 )% TBAs (8) 2.65 % 2.89 % Annualized cost of financing, including swaps, U.S. Treasury futures and TBAs 4.43 % 4.49 % Expand ____________________ (1) Unsecured borrowings under senior notes and convertible senior notes. (2) Defined as total borrowings to fund Agency and non-Agency investment securities, MSR and related servicing advances and mortgage loans held-for-sale, divided by total equity. (3) Defined as total borrowings to fund Agency and non-Agency investment securities, MSR and related servicing advances and mortgage loans held-for-sale, plus the implied debt on net TBA cost basis and net payable (receivable) for unsettled RMBS, divided by total equity. (4) Excludes any repurchase agreements collateralized by U.S. Treasuries. (5) Includes amortization of debt issuance costs. (6) The cost of financing on interest rate swaps held to mitigate interest rate risk associated with the company's outstanding borrowings includes interest spread income/expense and amortization of upfront payments made or received upon entering into interest rate swap agreements and is calculated using average borrowings balance as the denominator. (7) The cost of financing on U.S. Treasury futures held to mitigate interest rate risk associated with the company's outstanding borrowings is calculated using average borrowings balance as the denominator. U.S. Treasury futures income is the economic equivalent to holding and financing a relevant cheapest-to-deliver U.S. Treasury note or bond using short-term repurchase agreements. (8) The implied financing benefit/cost of dollar roll income on TBAs is calculated using the average cost basis of TBAs as the denominator. TBA dollar roll income is the non-GAAP economic equivalent to holding and financing Agency RMBS using short-term repurchase agreements. TBAs are accounted for as derivative instruments in accordance with GAAP. Expand Conference Call TWO will host a conference call on July 29, 2025 at 9:00 a.m. ET to discuss its second quarter 2025 financial results and related information. To participate in the teleconference, please call toll-free (888) 394-8218 approximately 10 minutes prior to the above start time and provide the Conference Code 3889089. The conference call will also be webcast live and accessible online in the News & Events section of the company's website at For those unable to attend, a replay of the webcast will be available on the company's website approximately four hours after the live call ends. About TWO Two Harbors Investment Corp., or TWO, a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities, and other financial assets. TWO is headquartered in St. Louis Park, MN. Forward-Looking Statements This release includes 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as 'expect,' 'target,' 'assume,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believe,' 'predicts,' 'potential,' 'continue,' and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among other things, those described in our Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequent Quarterly Reports on Form 10-Q, under the caption 'Risk Factors.' Factors that could cause actual results to differ include, but are not limited to: the state of credit markets and general economic conditions; changes in interest rates and the market value of our assets; changes in prepayment rates of mortgages underlying our target assets; the rates of default or decreased recovery on the mortgages underlying our target assets; declines in home prices; our ability to establish, adjust and maintain appropriate hedges for the risks in our portfolio; the availability and cost of our target assets; the availability and cost of financing; changes in the competitive landscape within our industry; our ability to effectively execute and to realize the benefits of strategic transactions and initiatives we have pursued or may in the future pursue; our decision to terminate our management agreement with PRCM Advisers LLC and the ongoing litigation related to such termination; our ability to manage various operational risks and costs associated with our business, including the risks associated with operating a mortgage loan servicer and originator; interruptions in or impairments to our communications and information technology systems; our ability to acquire MSR and to maintain our MSR portfolio; our exposure to legal and regulatory claims; legislative and regulatory actions affecting our business; our ability to maintain our REIT qualification; and limitations imposed on our business due to our REIT status and our exempt status under the Investment Company Act of 1940. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. TWO does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these and other risk factors is contained in TWO's most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements concerning TWO or matters attributable to TWO or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Non-GAAP Financial Measures In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), this press release and the accompanying investor presentation present non-GAAP financial measures, such as earnings available for distribution and related per basic common share measures. The non-GAAP financial measures presented by the company provide supplemental information to assist investors in analyzing the company's results of operations and help facilitate comparisons to industry peers. However, because these measures are not calculated in accordance with GAAP, they should not be considered a substitute for, or superior to, the financial measures calculated in accordance with GAAP. The company's GAAP financial results and the reconciliations from these results should be carefully evaluated. See the GAAP to non-GAAP reconciliation table on page 11 of this release. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at at the Securities and Exchange Commission's internet site at or by directing requests to: TWO, Attn: Investor Relations, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN, 55416, (612) 453-4100. TWO HARBORS INVESTMENT CORP. (dollars in thousands, except share data) Certain prior period amounts have been reclassified to conform to the current period presentation Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 (unaudited) (unaudited) Net interest expense: Interest income $ 117,082 $ 115,953 $ 228,464 $ 233,736 Interest expense 135,205 154,207 266,919 314,207 Net interest expense (18,123 ) (38,254 ) (38,455 ) (80,471 ) Net servicing income: Servicing income 158,354 176,015 315,213 342,348 Servicing costs 2,386 4,475 5,583 11,594 Net servicing income 155,968 171,540 309,630 330,754 Other (loss) income: Loss on investment securities (32,830 ) (22,437 ) (65,559 ) (33,412 ) Loss on servicing asset (35,902 ) (22,857 ) (72,123 ) (11,845 ) (Loss) gain on interest rate swap and swaption agreements (52,950 ) 22,012 (151,738 ) 120,522 (Loss) gain on other derivative instruments (31,257 ) (750 ) (29,809 ) 46,849 Gain (loss) on mortgage loans held-for-sale 883 — 1,552 (3 ) Other income 1,038 226 1,799 226 Total other (loss) income (151,018 ) (23,806 ) (315,878 ) 122,337 Expenses: Compensation and benefits 21,469 21,244 48,058 47,773 Other operating expenses 21,307 17,699 41,812 38,751 Loss contingency accrual 199,935 — 199,935 — Total expenses 242,711 38,943 289,805 86,524 (Loss) income before income taxes (255,884 ) 70,537 (334,508 ) 286,096 Provision for income taxes 1,661 14,201 2,092 26,172 Net (loss) income (257,545 ) 56,336 (336,600 ) 259,924 Dividends on preferred stock (13,239 ) (11,784 ) (26,425 ) (23,568 ) Gain on repurchase and retirement of preferred stock — — — 644 Net (loss) income attributable to common stockholders $ (270,784 ) $ 44,552 $ (363,025 ) $ 237,000 Basic (loss) earnings per weighted average common share $ (2.62 ) $ 0.43 $ (3.51 ) $ 2.27 Diluted (loss) earnings per weighted average common share $ (2.62 ) $ 0.43 $ (3.51 ) $ 2.16 Comprehensive (loss) income: Net (loss) income $ (259,041 ) $ 56,336 $ (338,096 ) $ 259,924 Other comprehensive income (loss): Unrealized gain (loss) on available-for-sale securities 50,473 (44,073 ) 207,645 (147,151 ) Other comprehensive income (loss) 50,473 (44,073 ) 207,645 (147,151 ) Comprehensive (loss) income (208,568 ) 12,263 (130,451 ) 112,773 Dividends on preferred stock (13,239 ) (11,784 ) (26,425 ) (23,568 ) Gain on repurchase and retirement of preferred stock — — — 644 Comprehensive (loss) income attributable to common stockholders $ (221,807 ) $ 479 $ (156,876 ) $ 89,849 Expand TWO HARBORS INVESTMENT CORP. (dollars in thousands, except share data) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 (unaudited) (unaudited) Interest income: Available-for-sale securities $ 108,842 $ 99,211 $ 209,260 $ 199,816 Mortgage loans held-for-sale 145 3 198 4 Other 8,095 16,739 19,006 33,916 Total interest income 117,082 115,953 228,464 233,736 Interest expense: Repurchase agreements 110,288 113,714 217,366 232,430 Revolving credit facilities 20,343 29,906 40,469 60,153 Warehouse lines of credit 129 — 184 — Term notes payable — 6,008 — 12,426 Senior notes 1,496 — 1,496 — Convertible senior notes 4,445 4,579 8,900 9,198 Total interest expense 136,701 154,207 268,415 314,207 Net interest expense $ (19,619 ) $ (38,254 ) $ (39,951 ) $ (80,471 ) Expand TWO HARBORS INVESTMENT CORP. (dollars in thousands, except share data) Certain prior period amounts have been reclassified to conform to the current period presentation Three Months Ended June 30, 2025 March 31, 2025 (unaudited) (unaudited) Reconciliation of comprehensive (loss) income to Earnings Available for Distribution: Comprehensive (loss) income attributable to common stockholders $ (221,807 ) $ 64,931 Adjustment for other comprehensive income attributable to common stockholders: Unrealized gain on available-for-sale securities (50,473 ) (157,172 ) Net loss attributable to common stockholders $ (272,280 ) $ (92,241 ) Adjustments to exclude reported realized and unrealized (gains) losses: Realized loss on securities 32,599 33,661 Unrealized loss (gain) on securities 347 (1,026 ) (Reversal of) provision for credit losses (116 ) 94 Realized and unrealized loss on mortgage servicing rights 35,902 36,221 Realized loss (gain) on termination or expiration of interest rate swaps and swaptions 30,298 (26,587 ) Unrealized loss on interest rate swaps and swaptions 29,034 131,350 Realized and unrealized loss (gain) on other derivative instruments 32,606 (1,329 ) Other adjustments: MSR amortization (1) (73,983 ) (70,303 ) TBA dollar roll income (losses) (2) 6,181 8,178 U.S. Treasury futures income (3) 3,358 1,272 Change in servicing reserves 64 (105 ) Non-cash equity compensation expense 1,932 6,523 Certain operating expenses (4) 2,754 106 Loss contingency accrual 199,935 — Net provision for (benefit from) income taxes on non-EAD 914 (722 ) Earnings available for distribution to common stockholders (5) $ 29,545 $ 25,092 Weighted average basic common shares 104,084,326 103,976,437 Expand _____________ (1) MSR amortization refers to the portion of change in fair value of MSR primarily attributed to the realization of expected cash flows (runoff) of the portfolio, which is deemed a non-GAAP measure due to the company's decision to account for MSR at fair value. (2) TBA dollar roll income is the economic equivalent to holding and financing Agency RMBS using short-term repurchase agreements. (3) U.S. Treasury futures income is the economic equivalent to holding and financing a relevant cheapest-to-deliver U.S. Treasury note or bond using short-term repurchase agreements. (4) Certain operating expenses predominantly consists of expenses incurred in connection with the company's ongoing litigation with PRCM Advisers LLC. (5) EAD is a non-GAAP measure that we define as comprehensive (loss) income attributable to common stockholders, excluding realized and unrealized gains and losses on the aggregate investment portfolio, gains and losses on repurchases of preferred stock, provision for (reversal of) credit losses, reserve expense for representation and warranty obligations on MSR, non-cash compensation expense related to restricted common stock, certain operating expenses and loss contingency accrual. As defined, EAD includes net interest income, accrual and settlement of interest on derivatives, dollar roll income on TBAs, U.S. Treasury futures income, servicing income, net of estimated amortization on MSR and certain cash related operating expenses. EAD provides supplemental information to assist investors in analyzing the company's results of operations and helps facilitate comparisons to industry peers. EAD is one of several measures our board of directors considers to determine the amount of dividends to declare on our common stock and should not be considered an indication of our taxable income or as a proxy for the amount of dividends we may declare. Expand
Business Wire
15-07-2025
- Business
- Business Wire
TWO Announces Earnings Release and Conference Call for Second Quarter 2025 Financial Results
NEW YORK--(BUSINESS WIRE)-- TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, announced today that it will release financial results for the quarter ended June 30, 2025 after market close on July 28, 2025. The company will host a conference call and live webcast to review the financial results on July 29, 2025 at 9:00 a.m. ET. Webcast Details The conference call will be webcast live and accessible online in the News & Events section of the company's website at For those unable to attend, a replay of the webcast will be available on the company's website approximately four hours after the live call ends. Teleconference Details To participate in the call via teleconference, please call toll-free (888) 394-8218 approximately 10 minutes prior to the above start time and provide the Conference Code 3889089. About TWO TWO (Two Harbors Investment Corp., NYSE: TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at at the Securities and Exchange Commission's internet site at or by directing requests to: TWO, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100.
Business Wire
18-06-2025
- Business
- Business Wire
TWO Announces Second Quarter 2025 Common and Preferred Stock Dividends
NEW YORK--(BUSINESS WIRE)-- TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, today declared a dividend of $0.39 per share of common stock for the second quarter of 2025. The second quarter dividend is payable on July 29, 2025 to common stockholders of record at the close of business on July 3, 2025. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment. "We remain tremendously excited about the opportunities available for mortgage companies like TWO, and our paired strategy of MSR and MBS specifically." Share 'The 13% reduction in the dividend this quarter is consistent with the reduction in our book value resulting from the contingency accrual of $198.9 million that we have deemed probable and estimable in connection with the ongoing litigation related to our internalization in 2020. The reduced dividend reflects our projected static returns in future quarters as we adjust our portfolio in light of this accrual,' stated Bill Greenberg, TWO's President and Chief Executive Officer. 'While this litigation remains ongoing and involves claims unrelated to the accrual that are not yet probable or estimable, we think lowering the dividend on a pro rata basis at this time is a prudent action and positions us to take advantage of future market opportunities. Most importantly, this dividend reduction does not reflect our positive momentum, and we remain tremendously excited about the opportunities available for mortgage companies like TWO, and our paired strategy of MSR and MBS specifically.' TWO also declared today the following preferred stock dividends for the second quarter of 2025: (1) The Series C Cumulative Redeemable Preferred Stock accrue dividends at a floating rate, as determined on each dividend determination date, equal to the Three-Month CME Term SOFR plus 0.26161% plus 5.011%. The Series A, Series B and Series C preferred dividends are payable on July 28, 2025 to the applicable preferred stockholders of record at the close of business on July 11, 2025. About TWO TWO (Two Harbors Investment Corp., NYSE: TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at at the Securities and Exchange Commission's internet site at or by directing requests to: TWO, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100.
Yahoo
13-05-2025
- Business
- Yahoo
TWO Announces Details Pertaining to the 2025 Annual Meeting of Stockholders
NEW YORK, May 13, 2025--(BUSINESS WIRE)--TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, today announced log-in details for its 2025 Annual Meeting of Stockholders to be held virtually on May 14, 2025, beginning at 10:00 a.m. Eastern Time. Stockholders can attend the virtual annual meeting via the internet at Stockholders of record as of the close of business on March 19, 2025 will be eligible to vote their shares and submit questions electronically in advance of and during the virtual annual meeting by using the 16-digit control number included in the notice of internet availability of the proxy materials, on their individual proxy card or on the voting instruction form accompanying these proxy materials. We recommend that stockholders log in at least 15 minutes before the meeting to ensure they are logged in when the meeting starts. A replay of the meeting will be available for one year following the meeting date. To listen to a replay of the annual meeting, please visit About TWO TWO (Two Harbors Investment Corp., NYSE: TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at at the Securities and Exchange Commission's internet site at or by directing requests to: TWO, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100. View source version on Contacts Margaret KarrHead of Investor Relations, TWO(612)
Business Wire
13-05-2025
- Business
- Business Wire
TWO Announces Details Pertaining to the 2025 Annual Meeting of Stockholders
NEW YORK--(BUSINESS WIRE)-- TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, today announced log-in details for its 2025 Annual Meeting of Stockholders to be held virtually on May 14, 2025, beginning at 10:00 a.m. Eastern Time. Stockholders can attend the virtual annual meeting via the internet at Stockholders of record as of the close of business on March 19, 2025 will be eligible to vote their shares and submit questions electronically in advance of and during the virtual annual meeting by using the 16-digit control number included in the notice of internet availability of the proxy materials, on their individual proxy card or on the voting instruction form accompanying these proxy materials. We recommend that stockholders log in at least 15 minutes before the meeting to ensure they are logged in when the meeting starts. A replay of the meeting will be available for one year following the meeting date. To listen to a replay of the annual meeting, please visit About TWO TWO (Two Harbors Investment Corp., NYSE: TWO), a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. TWO is headquartered in St. Louis Park, MN. Additional Information Stockholders of TWO and other interested persons may find additional information regarding the company at at the Securities and Exchange Commission's internet site at or by directing requests to: TWO, 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100.
