trending Market Intelligence /marketintelligence/en/news-insights/trending/P1jejqXqybkixfxxAbJSoQ2 content esgSubNav
In This List

Two Harbors Investment offering 18 million common shares

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.

Blog

Banking Essentials Newsletter: 17th April Edition


Two Harbors Investment offering 18 million common shares

Real estate investment trust Two Harbors Investment Corp. launched an underwritten public offering of 18 million shares of its common stock.

The company also plans to grant the underwriters a 30-day option to purchase up to an additional 2.7 million shares of its common stock.

Based on the March 18 $14.26 per-share closing price of the company's stock, the offering, including the overallotment option, represents gross proceeds of $295.2 million.

Net proceeds will be used to purchase the company's target assets, including residential mortgage-backed securities, mortgage servicing rights and other financial assets, as well as for general corporate purposes.

Credit Suisse, J.P. Morgan and JMP Securities are the joint book-running managers for the offering.