Two Harbors (TWO) Announces 30M Common Offering
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Price: $12.36 -0.88%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 9.3%
EPS Growth %: -724.7%
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 9.3%
EPS Growth %: -724.7%
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Two Harbors Investment Corp. (NYSE: TWO) announced that it plans to offer, subject to market and other conditions, 30,000,000 shares of its common stock in an underwritten public offering. The company has also granted the underwriters a two-day option to purchase up to an additional 4,500,000 shares of common stock to cover overallotments. Credit Suisse Securities (USA) LLC is acting as the lead book-running manager for the offering. Barclays Capital Inc. and J.P. Morgan Securities LLC are acting as book-running managers. JMP Securities LLC and Keefe, Bruyette & Woods, Inc. are acting as co-managers.
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