trending Market Intelligence /marketintelligence/en/news-insights/trending/P1jejqXqybkixfxxAbJSoQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Two Harbors Investment offering 18 million common shares

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

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.