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

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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Karman Line Acquisition closes $200M IPO on Nasdaq
• CleanTech Vanadium plans $1M private placement at $0.10 per unit
• Sky Harbour adds $10M via share sale to M-Cor Capital