Two Harbors Investment (TWO) Prices 30 Million Share Offering at $9.90/Share

Article Stock Quotes (1) Comments (0)

Two Harbors Investment Corp. (NYSE: TWO) today announced that it has priced a public offering of 30,000,000 shares of its common stock at an offering price of $9.90 per share, for total gross proceeds (before underwriting discount and commissions and estimated expenses) of approximately $297.0 million. The Company has granted the underwriters a two-day option to purchase up to an additional 4,500,000 shares of the Company’s common stock to cover over-allotments, if any. The offering is expected to close on or about February 24, 2012.

The company expects to use the net proceeds from this offering to make additional acquisitions of residential mortgage-backed securities, residential mortgage loans, and residential real properties and for other general corporate purposes.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Two Harbors Investment Corp. Announces Second Quarter 2013 Dividend of $0.31 per Share
• Gladstone CC (GOOD) Announces 1.1M Common Stock Offering
• SolarCity (SCTY) Files 2.8M Common Secondary; Elon Musk Plans Purchase

Create E-mail Alert Related Categories

Equity Offerings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?