Two Harbors (TWO) Announces 35M Common Offering
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Price: $11.95 +1.44%
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, 35,000,000 shares of its common stock in an underwritten public offering. The company has also granted the underwriters an option for 30 days to purchase up to an additional 5,250,000 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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