Two Harbors Investment (TWO) will offer 50 million shares of its common stock in an underwritten public offering. 

The real estate investment trust expects to use the proceeds to make additional acquisitions of its target assets, including residential mortgage-backed securities and prime jumbo residential mortgage loans, the company said this week.

The firm also granted the underwriters an option up to 30 days to purchase an additional 7.5 million shares of stock.

Credit Suisse (CS) is acting as the lead book-running manager for the offering. 

Barclays (BCS), Bank of America Merrill Lynch (BAC) and Goldman Sachs (GS) also are acting as book-running managers. 

 

Most Popular Articles

CFPB to consider changing or eliminating TRID rule

The CFPB has been taking a long, hard look at some of its rules and regulations. Next up on its list to review is TRID, and it looks like eliminating the rule entirely is not off the table.

Nov 20, 2019 By

Latest Articles

Existing home sales climb 1.9% on low mortgage rates

Despite lingering regional variances, the nation’s existing home sales increased 1.9% in October, according to the National Association of Realtors. This means sales are now 4.6% above October 2018’s rate.

Nov 21, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please